The management

Carlo Malacarne, born in Pavia in 1953, has been appointed Chairman of the Board of Directors of Snam on April 2016.

He was Chief Executive Officer of Snam from 2006 to 2016.

With a degree in Electronic Engineering and after a brief period in the company Selecontrol, Carlo Malacarne began his career in Snam in the gas transport technical service. In 1990, he took on a managerial position as operations manager of a natural gas transport district, ensuring the construction and operation of pipelines and promoting commercial initiatives to support the sale of natural gas.

Subsequently, as Director of Telecommunications and Process Systems, he contributed to the achievement of the reorganization objectives for the telecommunications systems of the Eni Group and, in particular, he participated in the transfer of the Snam telecommunications branch, with the creation of a New Telecommunications Company, of which he was named Managing Director.

In March 1998, he was appointed Constructions Director, with the responsibility of ensuring the realization of investments both in Italy as well as abroad. During the same period, he was a member of the construction committees in TENP, the pipeline which transports gas from the North Sea to Italy, and TAG, which transports the Russian gas to Italy via Austria, taking part to the implementation of strategic infrastructure for gas transportation along the main European energy corridors.

In July 1999, he was appointed Italian Network Director, with the task of overseeing the management of the gas transport network in Italy and of the GNL Italia regasification system.

In July 2001, ahead of the IPO, he was appointed General Manager of Operations in Snam Rete Gas, and President of the Board of GNL Italia, the company managing the LNG terminal in Panigaglia.

From December 2005 to the beginning of May 2006 he was Chief Operating Officer of Snam Rete Gas with the task of supervising, together with management functions, commercial activities, planning, management of the transport network and the dispatching service.

From November 2012 to April 2016 he has been Chairman of the Board of Snam Rete Gas, a Snam's subsidiary company that operates in natural gas transportation and dispatching.

He is currently member of the executive committees of Confindustria and Assolombarda and of several technical bodies such as the Presidential committee of CIG (Italian Gas Committee) and the steering committee of ATIG (Technical Gas Association). From 1997 to 2000 he has been Chairman of the Transport committee of IGU (International Gas Union).

From November 2013 to October 2015 he has been Chairman of Confindustria Energia.

He has been also CEO of Mariconsult and board member of several international gas companies such as Transitgas, which manages the gas transportation system from Northern to Southern Switzerland, and the companies Sergaz and Scogat, which manage the Tunisian part of the Transmed pipeline. 

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Personal page.

Paolo Mosa leads the Commercial, Regulation and Development Business Unit of Snam.

A graduate in Mechanical Engineering from the Polytechnic of Milan in 1985, he began his career in the Snam Group in 1987.

Over the years he held various positions with increasing levels of responsibility in the Foreign Business and Planning and Control Units focusing, in particular, on the economic evaluation and control of significant investment projects both in Italy and abroad, and developing the third parties access model to the Italian natural gas transport network.

Between 2000 and 2001 he was responsible for coordinating foreign companies participated by Snam owning transport infrastructure to import natural gas in Italy. During this period, he was CEO of TMPC Ltd and board member of TAG GmbH, TENP GmbH, TTPC Ltd and Transitgas SA. Until 2002 he was also a member of the board of Tigáz, one of the major gas distribution companies in Hungary.

In 2001 he was appointed Director responsible for the investment planning of the gas network development and for the management of gas transport contracts at Snam Rete Gas, for which he was also Responsible for regulatory affairs with Italy’s Authority for Electricity and gas.

From 2009 to 2012 he was board member of Entsog (the European association of gas transport companies). Until 2008 he was also a member of the board of GNL Italia, the company operating the LNG regasification plant in Panigaglia (La Spezia).

From 2010 to 2014 he was CEO of Italgas, the leading company in Italy in the urban distribution of natural gas.

From 2014 to 2016 he was CEO of Snam Rete Gas.

In the course of his professional experience, Paolo Mosa has developed a deep knowledge of the regulated businesses in the natural gas industry, both at national and European level, with particular focus on the models of access to infrastructure and carry-out of transportation service, on the tariff systems as well as on the development of new infrastructure.

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Massimo Derchi, born in Genova in 1963, leads the Italian Assets Business Unit of Snam since January 2018.

He has also been Chairman of Snam Rete Gas since November 2017.

With a degree in Engineering at the University of Genova in 1986, he held various positions (from Investment Development Management to M&A, Purchases and Strategic Planning) in Italian and foreign companies in the energy sector.

From 1986 to 1996 he has been Project Manager and Head of Foreign Projects in a subsidiary of the ERG group.

During the following three years he has been Head of Projects in Air Liquide Italia, carrying out, amongst other things, the construction of two of the biggest plants for oxygen production in the world.

From 1999 to 2004 he has been in charge of Italian subsidiaries of European and US engineering companies (water cooling system, flue gas treatment, etc.).

Again in Erg, from 2005 to 2011 he held various senior management positions in refining (Head of Acquisitions, Organization, Planning and Control and, then, Head of Refining).

From 2011 to 2016, as CEO of Erg Renew, he has led the transformation of the company from petroleum refiner in one of the top ten European onshore wind energy producers, and the most important in Italy, planning and managing the company’s expansion in seven European countries also through acquisitions (Erg Renew has been awarded by Bloomberg as “#1 Worldwide Acquirer” in Clean Energy).

He has also been Senior Advisor of Italian and international energy companies.

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Federico Ermoli, born in Milan in 1959, leads the International Assets Business Unit of Snam.

A graduate in Business and Economics with a Master’s degree in Corporate Finance from Bocconi University in Milan, he began his management career in Snam’s Finance department in 1984, becoming Finance Director in 1997.

From 2001 to 2004 he moved to Portugal as Executive Board member of GalpEnergia heading the Natural Gas Business Unit.

Back to Eni in 2004, he managed the international asset portfolio of the G&P division.

CFO of Italgas between 2006 and 2011, he returned to Snam in January 2012 as Director of Planning, Insurance and Finance to guide the start-up of the company’s financial activities.

He has hold Board level memberships in many countries in the natural gas industry internationally and he is currently Chairman of TIGF (from 2018 Teréga) Investissement SA - Pau (F) and of the Supervisory Board of Trans Austria Gasleitung GmbH (Aufsichtsrat) - Vienna, and member of the Supervisory Board of Gas Connect Austria GmbH - Vienna and of the Board of Directors of Trans Adriatic Pipeline AG. -Switzerland.

He also carried out project management roles in industrial projects such as the development of the Blue Stream underwater gas pipeline between Russia and Turkey, and for M&A operations such as the acquisition of French company TIGF (from 2018 Teréga).

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Sergio Busato leads the Global Solutions Business Unit of Snam.

Master Degree in Geology from the La Sapienza University of Rome.

He started his career dealing with prospecting and studying mineral deposits with the University of Rome, Enea and Agip Nucleare, and joined Agip S.p.A. in 1985.

After gaining experience in the upstream, onshore and offshore businesses, he worked in the Human Resources and Organization department, where he held positions of increasing responsibility in the fields of HR and HSEQ.

Since the negotiation phases, he was involved in the development of the company’s initiatives in Kazakhstan and from 1998 to 2001, as Human Resources & Services Director, he moved to Kazakhstan to coordinate the activities in Kazakhstan, Russia and Great Britain of the Karachaganak joint venture formed with Eni, British Gas, Chevron Texaco, Lukoil, Kazakhoil.

After his return in Italy, he became head of International Human Resources of Eni Exploration & Production, completing his professional, human and social experience in over 30 countries.

In the following years, he further consolidated his international profile as Senior Vice President of Human Resources, Organization & ICT in leading companies in the fields of Engineering (Snamprogetti), Electric Power and Photovoltaic Generation (EniPower), of Engineering & Construction (Saipem) and in Eni Refining & Marketing.

In 2012 he joined the Snam Group as Head of HR & HSEQ of Snam Rete Gas and in 2013 became Head of International Business Coordination in Snam, at the time the group was focused on expanding its international presence.

From July 2015 to June 2017 he held the position of EVP Human Resources, Organization & Security and then of Chief Corporate Service Officer.

He has been a member of the Board of operating companies in Italy, Switzerland, Romania, Croatia, France, Austria and Chairman of the Remuneration Committee.

He is a member of the Board of Directors of Confindustria Energie and of the Board of Directors of Snam Rete Gas.

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Alessandra Pasini, born in Padova in 1973, has been Chief Financial Officer at Snam since November 2016.

With a degree in Business Administration at Università Bocconi, she began her career at Kraft Jacobs Suchards working in the Financial Control Department. In 1997 she joined Citi, holding various positions in the Credit and Corporate Banking departments, also being Chief of Staff of the Italian Country Manager for a period of time. In 2000 she joined the Investment Banking team, managing the separation of Snam Rete Gas from Eni and its subsequent IPO.

Then, holding positions of increasing responsibility and visibility, she dealt with various M&A transactions, bank financing, debt and equity capital markets transactions, specifically following companies operating in the utilities, oil&gas, telecom & media and infrastructure sectors. Amongst other things, she closely followed the repayment of Eni’s intercompany loan in 2012 and related take-out transactions on the bond market, GIP’s acquisition of a stake in Transitgas and the financing of the TIGF (from 2018 Teréga) acquisition by Snam.

In 2013 she joined Barclays as Deputy Head of Investment Banking for Italy, then becoming Head of Investment Banking for Italy and reporting directly to the Head of EMEA. Over the years she managed various relevant transactions, among which the recent listing of Enav, the demerger of Italgas from Snam, Gtech’s acquisition of IGT for USD 5.6 bn and the financing of the transaction, which has been the largest acquisition from an Italian corporate in recent years, as well as the Eur 2 bn convertible bond from Telecom Italia, the sale of Telecom Argentina by Telecom Italia and the sale by Eni of its upstream assets in Russia.

From April 2017 to November 2017 she was Chairman of Snam Rete Gas.

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Marco Reggiani, lawyer, since January 2010 in the Company, is General Counsel of Snam.

Furthermore, he is Board member of Snam Rete Gas.

Graduated in Law at the University of Parma, he achieved the Master on advanced studies in trans-national law at the University of Trento. Former Professor of Environmental Law at the LIUC University of Castellanza and former Chairman of the Legal Affairs Committee of Assomineraria, he previously covered management roles in the Eni group from 2001 until the end of 2009.

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Paola Boromei has been Executive Vice President Human Resources & Organization at Snam since March 2017.

With a degree in Psicology of Organization at Università Cattolica del Sacro Cuore in Milan and a Master’s Degree in Organization and Personnel at SDA Bocconi School of Management, she began her career at L’Oréal Group in 2000, where she remained until 2011, holding roles of increasing responsibility in the Human Resources & Marketing department of the Mass Market Division. In 2005 she was appointed Human Resources Director at L’Oréal Prodotti di lusso S.p.A..

In 2008 she was appointed Human Resources Director Europe at Paris headquarters, and subsequently became Global HR Director of the Travel Retail division. In 2010 she obtained a Master Executive (CEDEP) at Insead Business School.

From 2011 to 2013 she was Human Resources Director for the Mediterranean region at Ernst&Young (EY).

From the end of 2013 to February 2017 she was HR & Organization Director at Humanitas, Techint Group.

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Gaetano Mazzitelli, born in Reggio Calabria in 1968, is Executive Vice President of Regulatory Affairs of Snam.

A graduate in Mechanical Engineering at the Politecnico di Milano, he also achieved a Master on Business for Energy and environment at the Eni School for higher studies "Enrico Mattei".

He began his career in Snam in 1995 and in 2000 he was appointed as Project Evaluation Manager. He took part to different national and international acquisition projects as well as to the unbundling of transmission and re-gasification activities.

In 2001 he was appointed as Manager for Project Evaluation and Tariffs at Snam Rete Gas, being in charge for ensuring the investment planning and defining tariff proposals related to regulated services. In this context, he took part to the IPO of the company, assessing in particular the areas of value generation in the new regulatory framework.

In 2006 he was appointed as Business Development Manager at Snam Rete Gas, in charge for ensuring the definition of tariffs and network code proposals, the gas demand forecast as well as the monitoring of market and regulation in order to identify development opportunities. In this context, he participated to the Stogit and Italgas acquisition project and to their subsequent integration.

In 2010 he took charge of the Regulation and in 2011 he was appointed as Executive Vice President of Regulatory Affairs of Snam.

Currently he is Board Director in TAG Gmbh (the Austrian Company responsible to manage the Transport Pipeline along the interconnection route between Russia and Italy) and in Interconnector UK Ltd (the pipeline connecting Great Britain with continental Europe). Since March 2017 he has been Chair of the Shareholder Meeting of PRISMA European Capacity Platform GmbH.

He has also a long experience in the activities of Associative Bodies in the natural gas sector. Currently he is member of the Board of ENTSOG, Gas Infrastructure Europe (GIE) and Gas Storage Europe (GSE), the European Gas Infrastructure Operator associations, and executive member of the Board of Directors in ANIGAS as well as in the Comitato Tecnico Energia of Confindustria.

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Patrizia Rutigliano, born in Barletta in 1968, since 2009 in Snam, is Executive Vice President of Government Affairs, Corporate Social Responsibility and Communications.

From June 2011 to July 2016 she was President of Ferpi, the Italian Federation of Public Relations.

A professional journalist, she began her career at Mondo Economico, before moving onto Fininvest and Euronews.

Between October 1997 and January 2001 she was Spokesperson for Milan City Council, during the privatization phase of the major local utilities.

From January 2001 to March 2004 she was Head of External Relations at Fastweb and Manager of the e.Biscom Press Office, playing a key role in the start-up of the company from its listing onwards.

Between April 2004 and November 2009 she was Director of Communications at Autogrill, where she was involved in the development and diversification of the Group's business in Italy and abroad.

She is currently member of the General Council of Assolombarda, where she is also member of the Energy Group and coordinator for Oil & Gas industry.

She is currently Board member of TIGF (from 2018 Teréga) Holding and of Il Cittadino di Monza e Brianza and was part of the Board of Directors of Fiera Milano.

She is a lecturer at the High School of Media, Communication and Entertainment at Università Cattolica del Sacro Cuore of Milan, as part of the Master's course in Media Relations and Corporate Communications.

Since 2012 she is a member of the steering committee of the Department of Political Science at LUISS Guido Carli of Rome. She is also a member of the scientific committee of RIE (Industrial and Energetic Research).

She has a degree in Foreign Languages and Literature, her thesis focusing on aspects of the Jewish culture in the films of Woody Allen, and produced together with the Faculty of Arts and Science of Columbia University.

She specialized in Social Communications at Università Cattolica of Milan, where she also attended a Master's in International Management. 

She is also a member of the Board of Directors of Valore D, the first association of companies promoting diversity, women's talent and leadership.

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Camilla Palladino has been Executive Vice President Corporate Strategy and Investor Relations at Snam since November 2016.

With a degree in Literature and History from Oxford University and a MSc in European Policy from the London School of Economics, she began her career in 2001 working as a reporter at Breakingviews, dealing with financial analysis with a specific focus on Italy.

In 2006 she joined Eni where, over the course of 9 years, she held positions of increasing responsibility, firstly as Head of Internal Communications and subsequently as Vice President Leadership and Talent Development. In 2010 she was appointed Senior Vice President Investor Relations, a role she held until her appointment as Senior Vice President Media Relations in 2013.

In 2015 she was appointed Senior Vice President Public Affairs and Communications at Saipem.

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Lorenzo Alzati, born in Torino in 1970, has been Senior Vice President Internal Audit at Snam since 1 February 2017.

With a degree in Business, he began his career in 1997 at Arthur Andersen working in audit. In 2000 he joined the commercial control unit of Iveco, which was part of the Fiat Group. At the end of 2002 he joined Eni Servizi Amministrativi, dealing with planning and monitoring. He held the same role in Sofid, a financial intermediary subject to the supervision of Bank of Italy, from April 2004 to October 2006, when he was named Head of Internal Audit.

In 2007 he joined the Internal Audit department of Eni, where he took on roles of increasing responsibility, first as Head of Financial and Administrative Services Audit, and then as Head of Supply & Trading Processes Audit, until January 2017.

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Cosma Panzacchi, born in Rome in 1978, is Executive Vice President for Digital Transformation & Technology since January 2018.

In this position he is in charge of three, main, areas: the traditional ICT business, the digitalization programs across the Group and the development of an open innovation hub within Snam. Prior to his current role, he was Chief of Staff to Snam’s CEO and led the Lean Program, which encompassed the entire Group and aimed at simplifying processes, while accelerating the delivery on efficiencies.

Before joining Snam, Cosma was Senior Analyst (Director) for European Utilities at AB Bernstein, part of the AllianceBernstein group (more than $ 550 bn AUM). As a Senior Analyst, he ranked 3^rd in the 2017 Institutional Investor All-Europe Research Team, won the European Rising Star award by Extel in 2016 and reached the 4^th position in Greenwich 2016 EU Survey. He also spearheaded several energy-focused Investors’ events including roadshows, reverse roadshows and conferences.

Prior to Bernstein, Cosma was a Junior Partner at McKinsey & Company, where he was a member of the European Leadership of both the Power & Natural Gas and Oil & Gas Practices, focusing on operational and strategic engagements. In this position, he covered the gas, power and oil value chains, working - among other countries - in Italy, France, Russia, Germany, Spain, Belgium, Turkey, Azerbaijan and Libya.

Cosma holds a MBA from the Stanford Graduate School of Business (where he was leader of the European Club and NOVA School Leader). He earned a M. Sc. in Economics (Laurea) from the University of Pisa and a Licence (Diploma di Licenza) from the Scuola Superiore Sant’Anna di Pisa, both cum laude.

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Massimo Montecchiari, born in Fabriano (AN) in 1958, is Executive Vice President International Engineering & Construction at Snam since April 2018. He is also Senior Vice President of Engineering & Construction for transmission activities since 2011.

Graduated in civil engineering, hydraulic section, at the University of Bologna, after a short work experience at a construction company that operated on Snam building sites, he joined Snam Progetti in 1985 where he oversaw construction activities for development projects of Snam pipelines on the national territory.

In 1987 he took on the role of Project Manager and Works Manager in Bonatti, dealing with gas distribution projects for the methanation program in the South of Italy. After this three-year experience, he returned to Snam Progetti to hold the position of Project Manager to follow the activities of the second stretch of the Transmed pipeline in Sicily.

From 1995 to 2000, always with Snam Progetti in the position of Project Manager, he took care of the development projects of the Snam network throughout the country.

In July 2000 he moved to Austria to head the Austrian branch of Snam Progetti where he also plays the role of Project Manager of the TAG Loop 2 project (OMV client).

In 2003 he became Project Manager of the Consortium Eni - Cepav Uno (General Contractor) for the complete construction of the MI-BO High Speed railway line, ensuring the coordination and control of the activities and constantly interfacing with the client and the local administrations.

In 2006 he definitively joined Snam as Project Manager for the realization of Investment Projects, subsequently being appointed Senior Vice President in 2011.

He is a member of the Milan Order of Engineers.

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