A2A SpA (A2A.MI), Italy's biggest municipal utility by market value, confirmed Wednesday that Giuliano Zuccoli, the chairman of its management board, has resigned.

Zuccoli resigned for "personal reasons" and his responsibilities will be split between general managers Renato Ravanelli and Paolo Rossetti while the supervisory board seeks a replacement, A2A said in a statement.

A person familiar with the matter said earlier that Zuccoli had resigned.

-By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com

(Danilo Caselli, MF-Dow Jones, in Milan contributed to this article.)

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