Snam: Board of Directors confirms Marco Alverà as CEO
San Donato Milanese (Milan), 2 April 2019 - Snam’s first Board of Directors meeting was held today chaired by Luca Dal Fabbro, who was elected by today’s Shareholders’ Meeting. The Board of Directors appointed Marco Alverà as CEO, granting him Company administration powers, in continuation with the previous structure, excluding those attributed by applicable legislation, bylaws or responsibilities retained by the Board of Directors. Mr Alverà is assigned the duties of the Chief Executive Officer.
On the basis of the statements made by the Directors, the Board of Directors ascertained that:
- there are no grounds for ineligibility and incompatibility of the 9 Directors and they all fulfil the integrity requirements established by current legislation;
- the applicable provisions of the law and bylaws on gender balance have been observed in the composition of the Board and the Board of Statutory Auditors;
- the Directors Laura Cavatorta, Francesco Gori, Antonio Marano, Francesca Pace and Rita Rolli fulfil the independence requirements established by law and the Corporate Governance Code;
- the Chairman Luca Dal Fabbro fulfils the independence requirements established by law.
The Board of Directors also verified that the number of directorships and memberships of control bodies held by the Directors is compatible with their effective performance of the office of Director in Snam.
Finally, the Board of Directors verified that the professionalism and integrity requirements are fulfilled by the statutory auditors, under the terms of Ministerial Decree no. 162 of 30 March 2000, as specified in article 20.1 of the bylaws, and acknowledged the fulfilment of the independence requirements set by the law and the Corporate Governance Code based on the checks carried out today by the Board of Statutory Auditors and forwarded to the Board, under Application Criterion 8.C.1 of the Corporate Governance Code.
Finally, the Board will reconstitute its internal Committees at a future meeting.
The curricula vitae of the Directors and Statutory Auditors are available on the website www.snam.it.
Lastly, Snam announces that the Board of Directors meeting to approve the Interim Report on Operations as at 31 March 2019 will be held on 14 May 2019 instead of 15 May, as initially communicated.
The conference call for the presentation of the accounting figures to financial analysts will take place on 15 May 2019, instead of 16 May.
17 April 2019 - 18:52 CEST