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CEOs of Italy's Snam, Italgas to stay in their roles - Report

Gasoil News - Published on Wed, 06 Mar 2019

Image Source: Reuters
Reuters, citing a government source, reported that Italy's ruling coalition parties have agreed that the CEOs of gas operators Snam and Italgas should stay in their roles. Sources said “Snam CEO Marco Alvera and Italgas CEO Paolo Gallo looked set to remain in their posts. Luca Dal Fabbro and Alberto Dell'Acqua were in pole position to become respective chairmen of the two companies.’

State lender Cassa Depositi e Prestiti (CDP), which controls the three companies, is due to present its new board recommendations by Wednesday.

Italy has an elaborate spoils system, which gives ruling parties enormous powers to put their candidates in top positions in an array of companies, from state broadcaster Rai to some of the nation's leading enterprises.

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Posted By : Rabi Wangkhem on Wed, 06 Mar 2019
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