Eni Appoints Claudio Descalzi as Chief Executive Officer and General Manager

Strategic Insights -

Eni's Board of Directors has appointed Claudio Descalzi as Chief Executive Officer and General Manager, responsible for the management of the company, with the exception of specific responsibilities reserved for the Board of Directors and those not to be delegated according to current legislation. The Board has also confirmed the central role of Chairman Giuseppe Zafarana in internal controls, assigning him the management of the relationship between the Head of Internal Audit and the Board of Directors.

Key Takeaways:

  • Claudio Descalzi has been appointed as Chief Executive Officer and General Manager, effective immediately.
  • Giuseppe Zafarana will continue to play a central role in internal controls, managing the relationship between the Head of Internal Audit and the Board of Directors.
  • The Board has confirmed the independence of six directors, including Giuseppe Zafarana, Elisa Baroncini, Massimo Belcredi, Carolyn Adele Dittmeier, Federica Seganti, and Raphael Louis L. Vermeir, meeting the requirements of the Corporate Governance Code.
  • The Board has appointed three committees: the Control and Risk Committee, the Remuneration Committee, and the Nomination Committee, all with members meeting the independence and expertise requirements of the Corporate Governance Code.
  • Raphael Louis L. Vermeir has been appointed as Lead Independent Director, meeting the recommendations of the Corporate Governance Code.
  • The Board has reviewed and confirmed the independence and qualifications of the Statutory Auditors, meeting the requirements of the Corporate Governance Code and the US regulations applicable to listed companies.

Statistics:

  • 6 directors have been confirmed independent, meeting the requirements of the Corporate Governance Code.
  • 3 committees have been established: the Control and Risk Committee, the Remuneration Committee, and the Nomination Committee.
  • 1 Lead Independent Director has been appointed: Raphael Louis L. Vermeir.
  • The Board of Directors has confirmed that the Statutory Auditors meet the requirements of professionalism, integrity, and independence as set by law and the Corporate Governance Code.

Sources:

  • Eni S.p.A.
  • Contify.com (Management Changes category)