Eni’s Board of Directors today appointed Paolo Scaroni as Chief Executive Officer and General Manager. In this role he will be responsible for the management of the company, with the exception of specific responsibilities that are reserved for the Board of Directors and those that are not to be delegated according to the current legislation.
Eni’s Board has confirmed the continuation of the powers of Giuseppe Recchi, the Chairman, to identify and promote integrated projects and international agreements of strategic importance, as provided for under the By-Laws.
The Board also ascertained, on the basis of the declarations released by the Directors and of the information available to the Company, that all Directors have the requirements of honour as required by current law, that causes for their ineligibility and incompatibility do not exist and that all Directors (in particular Gatto, Lorenzi, Marchioni, Petri, Profumo, Resca and Taranto) have, except for the President and the Chief Executive Officer, the independence requirements set by law and Eni’s Corporate Governance Code.
In particular, with reference to the marital relationship of the Director Profumo with an employee of the Company, the Board considered that this relationship does not absolutely compromise the independence requirements requested by Eni Corporate Governance Code, in consideration of the ethical and professional rigour of this Director and of his international reputation.
The Board of Directors has also appointed Mario Resca (as Chairman), Carlo Cesare Gatto, Roberto Petri and Alessandro Profumo as members of the Compensation Committee, all non-executive and independent directors as requested by Eni’s Corporate Governance Code; Alessandro Lorenzi (as Chairman), Carlo Cesare Gatto, Paolo Marchioni and Francesco Taranto as members of the Internal Control Committee, all non-executive and independent directors as requested by Eni’s Corporate Governance Code; Alessandro Profumo (as Chairman), Alessandro Lorenzi, Paolo Marchioni, Roberto Petri, Mario Resca and Francesco Taranto as members of the Oil – Gas Energy Committee, all non-executive and independent directors as requested by Eni’s Corporate Governance Code.
The Board also ascertained that the auditors met the requirements of honour as set out by the Ministerial Decree no. 162 of March 30, 2000, as specified by art. 28.1 of the by-laws, as well as the independence requirements as set by law and by Eni’s Corporate Governance Code.
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Source:Eni , May 6, 2011;