New Board of Directors confirms Francesco Starace as CEO and General Manager ENEL

Enel’S New Board of Directos appointed by the shareholders met for the first time in Rome on 4th May. The Board chaired by Patrizia Grieco, confirmed  Francesco Starace as CEO and General Manager of the Company.

The Board also confirmed the existing division of powers, designating the Chairman Patrizia Grieco to supervise audit activities, to drive and oversee the application of corporate governance rules concerning the activities of the Board of Directors, and to maintain, in agreement and coordination with the CEO, relations with institutional bodies and authorities.

Furthermore, the Board verified that the Directors Alfredo Antoniozzi, Alberto Bianchi, Cesare Calari, Paola Girdinio, Alberto Pera, Anna Chiara Svelto and Angelo Taraborrelli meet the independence requirements set out both in the Consolidated Financial Act and in the Corporate Governance Code for listed companies. It was also verified that the Chairman, Patrizia Grieco, meets only the independence requirements established by the Consolidated Financial Act, while the Corporate Governance Code provides that the Chairman of the Board of Directors, as a “significant representative” of the Company, cannot be deemed independent.

Image Source: Enel