Italy's Treasury on Wednesday appointed Flavio Cattaneo as chief executive of the country's biggest utility Enel , while confirming Claudio Descalzi at the helm of energy group Eni for an unprecedented fourth term.
Several shareholders had signalled to Rome that they did not want an abrupt change in Enel's strategy, in particular a drastic reduction in the group's international footprint. Some investors fear that Enel may come under government pressure to focus on its domestic market.to the ecological transition after her government rowed back on some of Italy's previous Green pledges.
Cattaneo's appointment was something of a surprise as Stefano Donnarumma, current head of Terna, had been widely touted in recent days as theUnlike Starace, Descalzi quickly won Meloni's backing. With another three-year mandate as CEO, he is on course to become the longest-serving company head at Eni since its foundation in 1953.
Descalzi is now expected to help the Meloni government in its flagship plan to turn Italy into a major energy hub, distributing gas from North Africa and the Mediterranean to the rest of Europe, the government officials said. At Leonardo, the new chief Cingolani has a background as a physicist, and was energy minister in the previous government led by Mario Draghi.
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