Descalzi gets third term as Eni chief executive officer

Italian oil major Eni has chosen Claudio Descalzi to be its chief executive officer (CEO) for the third time. The company has also named its new chairwoman and members of board committees.

This will be the third term in the role of Eni CEO for Claudio Descalzi where he will also serve as the general manager of the company,

He will be responsible for the management of the company, except for specific responsibilities that are reserved for the board of directors and those that are not to be delegated according to the current legislation.

Descalzi is the current CEO of Eni, appointed in May 2014. He started his nearly forty-year career in Eni in 1981 as an oil and gas field petroleum engineer and, then, the project manager for the North Sea, Congo, and Nigeria areas’ development. In 1990 he became Italy’s head of reservoir and operating activities.

After working in different roles in the company he was named the deputy chief operating officer of Eni’s exploration and production division in 2005, while between 2006 and 2014 he was appointed president of Assomineraria.

Meanwhile, between 2008 and 2014, he became the COO of Eni’s exploration and production division and from 2010 to 2014 he was chairman of Eni UK.

The company added that it confirmed the tasks assigned to the new chairwoman of Eni – Lucia Calvosa – who replaced Emma Marcegaglia. She would be in charge of managing the relationship of the head of internal audit with the board of directors.

Also, Calvosa will carry out her statutory functions as legal representative managing, in particular, institutional relationships in Italy and identify and promote integrated projects and international agreements with strategic importance, both in cooperation with the CEO.

The 59-year-old Cavosa is a lecturer in commercial law at the University of Pisa. She currently sits on five boards – Banca Monte dei Pashi di Siena, Editoriale Il Fatto, Università Cattolica del Sacro Cuore, Fondazione Teatro di Pisa, and Telecom Italia where she is also the chairwoman.

According to the company, directors on the board – Ada Lucia De Cesaris, Pietro A. Guindani, Karina A. Litvack, Emanuele Piccinno, Nathalie Tocci, and Raphael Louis L. Vermeir – have the required independence requirements set by law.

Calvosa cannot be considered independent being a significant representative of the company.

Eni’s board of directors also appointed members of the Control and Risk, Remuneration, Nomination, Sustainability and Scenarios committees.

The Control and Risk Committee will consist of Pietro Guindani as chairman and Raphael Vermeir, Ada Lucia De Cesaris, and Nathalie Tocci will be the remaining members.

The Remuneration Committee will be chaired by Nathalie Tocci while Karina Litvack and Raphael Vermeir will be the other two members.

Ada Lucia De Cesaris will be the chairwoman of the Nomination Committee and Pietro Guindani and Emanuele Piccinno will be its other members.

The Sustainability and Scenarios Committee will have Karina Litvack as its chairwoman and Raphael Vermeir, Nathalie Tocci, Filippo Giansante, and Emanuele Piccinno as its members. All members of the committees are non-executive and majority independent.