Descalzi stays Eni CEO for fourth term

Descalzi stays Eni CEO for fourth term

The Board of Directors of the Italian energy giant Eni has appointed Claudio Descalzi as Chief Executive Officer (CEO) for his fourth term and has named the members of the board committees.

Claudio Descalzi; Source: Eni

In this role, Descalzi is 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

The Board also confirmed the central role of the Chairman, Giuseppe Zafarana, in internal controls system, assigning him, specifically, the management of the relationship of the Head of Internal Audit with the Board of Directors.

In addition, the Chairman will carry out his statutory functions as a legal representative managing, in particular, institutional relationships of the company in Italy, together with the CEO.

The Board of Directors, as recommended by the Corporate Governance Code, has also appointed the Control and Risk Committee, Remuneration Committee, Nomination Committee and Sustainability and Scenarios Committee.

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Descalzi was appointed Eni CEO in May 2014. He started his 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.