
Discover ROAD Innovation District project
The current Board of Directors was appointed by the Annual General Meeting on 18 April 2022 and will remain in office until the approval of the 2025 Financial Statements. Barbara Marinali was confirmed as Chairwoman of the Board of Directors.
The Board of Directors on the 3rd May 2023 appointed Fabrizio Palermo as the Company’s Chief Executive Officer and General Manager
The Board of Directors is elected by the Annual General Meeting using the vote by slate system. The method adopted to select the directors is able to guarantee gender representation, the appointment of a sufficient number of directors representing minority groups and a number of independent directors that complies with legal requirements.
The role and powers of the Board of Directors
The responsibilities of the Board of Directors particularly comprise:
In particular, during FY2022 the Board of Directors:
For further details on the work performed by the Board of Directors, reference is made to the 2022 Report on Corporate Governance and the Ownership Structure.
Each year, the Board of Directors conducts an assessment of the dimension, composition and operation of the Board itself and the committees. The activity is performed by an external consultant according to international best practices.
The questionnaire has been adapted to take account of some governance and scenario discontinuities, as well as to make it suitable for the third-year goals, namely preparing the orientation on the Board’s optimal qualitative-quantitative composition. Moreover, the external consultant has ascertained that the actions agreed after the previous two self-assessments have been mostly implemented.
The board review for the year 2022 indicates a largely satisfactory summary judgment in terms of the dimension and composition of Acea’s Board of Directors and committees, the effectiveness of board dynamics and the work and contributions rendered by the committees. The main strengths highlighted include:
Of the ideas for improvement that emerged, it is particularly worth mentioning the observation made by several directors regarding the need to increase the number of Board members, with special reference to independent directors; in the opinion of the said directors, this would enable a better distribution of committee workloads and a smoother functioning of the Committee for Related Party Transactions.
For further details on the Board Review process and results, reference is made to the 2022 Report on Corporate Governance and the Ownership Structure.
Members of the Board of Directors |
Office |
Board of Directors |
Committee Control and Risks |
Appointment and Remuneration |
Ethics and Sustainability Committee |
---|---|---|---|---|---|
Michaela Castelli |
Chairperson |
15/15 |
|
|
|
Fabrizio Palermo |
CEO |
4/4 |
|
||
Giacomo Larocca |
Director |
15/15 |
10/10 |
|
8/8 |
Gabriella Chiellino |
Director |
15/15 |
|
10/11 |
8/8 |
Liliana Godino |
Director |
15/15 |
9/10 |
11/11 |
|
|
Director |
12/12 |
4/5 |
3/4 |
|
Alessandro Caltagirone |
Director |
14/15 |
|
|
|
Massimiliano Capece Minutolo del Sasso |
Director |
15/15 |
10/10 |
11/11 |
8/8 |
|
Director |
5/9 |
3/5 |
Members of the Board of Directors |
Office |
Board of Directors |
---|---|---|
Giuseppe Gola |
CEO |
11/11 |
Giovanni Giani |
Director |
6/6 |
Diane Galbe |
Director |
1/1 |
Surname and name |
Office |
Holding company |
Number of shares owned at 31/12/2022 |
Number of shares purchased |
Number of shares sold | Number of shares owned at 31/12/2021 |
---|---|---|---|---|---|---|
Giuseppe Gola |
CEO – Business Development Strategy and Overseas Production Department Manager |
Acea S.p.A. |
No. 8,000 |
None |
None |
N. 4,000 |
Number of executives with strategic responsibilities |
Holding company |
Number of shares owned at 31/12/2022 |
Number of shares purchased |
Number of shares sold |
Number of shares owned at 31/12/2021 |
---|---|---|---|---|---|
None |
- |
- |
- |
- |
- |
No other managers with strategic responsibilities own shares in Acea S.p.A. or its subsidiaries.
Discover the latest news and initiatives of the Acea Group