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Compensation Committee

Monica de Virgiliis

Monica de Virgiliis - Chairman

Independent director

Born in Turin in 1967.

In more than twenty years of international career, she has accumulated various executive experiences across some key high technology sectors, combining operational and strategic leadership roles, and leading business model and value chain turnarounds in industries impacted by digitalization.
She started her career inn 1993 with Magneti Marelli as Production Engineer in the Electronics Division, based in Pavia. In 1996, she joined the French Atomic Energy and Alternative Energies Commission (CEA) with the mission to develop collaborations with Italian companies. Following a highly successful partnership with ST Microelectronics, she joined STM in 2001 as Business Development Manager in the Telecom Wireline Division based in Agrate Brianza (Italy). In 2003, she became the Strategic Alliances Director for the Advanced Technologies Group and moved to their headquarters in Geneva. In 2004, she became Group Vice President in charge of System and Business Development for the Wireless Group.
In 2006, she became General Manager of the Home Video Division and in 2007, in conjunction with the changing business model for wireless customers and the advent of smartphones, she became General Manager of the Wireless Multimedia Division (with a turnover of over one billion dollars) and successfully brought about a transformation of the product portfolio and business model. She played a key role in both the acquisition of NXP-Wireless and the establishment of a Joint Venture with Ericsson.
In 2010, she left ST-Ericsson and returned to STM, placing her business experience at the disposal of the corporate programmes – first as Group Vice President Organizational Development and then in the Corporate Strategy and Development Division.
In 2015, she joined Infineon Technologies as Vice President Industrial Microcontrollers at their offices in Munich and was able to turnaround the product line which she managed.
During 2017, she leads for Octo Telematics the integration of the newly acquired Mobility Solutions, operating services at that intersection of the sharing economy and the automotive technologies. 

She is currently Chief Strategy Officer of French national research institute Atomic Energy and Alternative Energies Commission (CEA) and she is driving a mission along the digital and energy transition. She is based in Paris.

She served on the Board of Directors of several start-ups during the years 2010-2014.
She has been on the Board of Directors for Prysmian S.p.A. since April 2015 and that of the Stevanato Group since February 2016.
 

Related material:

> Shareholdings if held

> Internal dealing

Elisabetta Oliveri

Elisabetta Oliveri

Independent director

She was born in Varazze (SV) in 1963.
She graduated with honors in Electronic Engineering at the University of Genua.
She has been in office at management level in international companies.
She has been first General Manager and then CEO of Sirti S.p.A.
From 2011 to 2014 she was a Director of ATM - Azienda Trasporti Milanesi S. p. A., from 2012 to 2016 she was Director of Eutelsat S.A. and of Banca Farmafactoring S.p.A. until April 2018. 
She is Chief Executive Officer of Fabbri Vignola S.p.A. Group.
She is Director of Gedi S.p.A., SAGAT S.p.A. and ERG S.p.A.
She is Chairman and founder of the "Fondazione Furio Solinas Onlus".
She is Cavaliere al Merito della Repubblica Italiana.
 

 

Related material:

> Shareholdings if held

> Internal dealing

Alessandro Tonetti

Alessandro Tonetti

Non-executive director

 

Alessandro Tonetti (1977) is Chief Legal Officer of Cassa Depositi e Prestiti S.p.A.

A cum laude graduate in Law, he won two one-year scholarships for specialization courses in Administrative Sciences, with particular reference to Economic Public Law under the direction of Professor Sabino Cassese. Subsequently, he obtained a PhD in Administrative Law and Organization and Functioning of the Public Administration at the Sapienza University in Rome and a postgraduate specialization diploma in European Public Law at the Academy of European Public Law of the Kapodistrian University of Athens, with an in-depth examination on the subject of competition and state aid.
In December 2010 he became a senior executive at Cassa Depositi e Prestiti S.p.A. From June 2013 to February 2016, he was a member of the “Nucleo tecnico per il coordinamento della politica economica” (Technical Team for coordination of economic policy) in support of the Prime Minister' office and then since March 2014 he has held the position of deputy Head of Cabinet of the Ministry of Economy and Finance. In this latter period, as representative for the Ministry of Economy and Finance, he was a member of the “Gruppo di coordinamento per l’attuazione della disciplina dei poteri speciali sugli assetti societari" (Coordination group for the implementation of regulations on special powers on share ownership) operating at the Prime Minister’s office.
In the past, he has held managerial and executive roles at the Prime Minister's Office and was a member of the "Nucleo di consulenza per la regolazione dei servizi pubblici" (Advisory Team for public service regulation), as well as of the Technical Secretariat of the National Management Committee for economic programming, also operating at the Prime Minister's office, in support of the activity of the Inter-ministerial Committee for economic programming.
He teaches a Master’s degree course in Administrative Law at the "Roma Tre" University. In the past, he taught a course in Business Administration Discipline at the Faculty of Economics of the University of Tuscia and was a contract Professor of Public Finance Law at the Suor Orsola Benincasa University of Naples. He has also given lessons at the School of Public Administration and the School of Economics and Finance. Author of various articles and essays in major law journals on administrative national and European law and on Economic Public law.
He was a member of the Board of Directors of Enav S.p.A. in the three-year period 2014 – 2017 (during which time the Company was listed on the Stock Market).

Related material:

> Shareholdings if held

> Internal dealing

Committee meetings and attendance rate (2017)

In 2017 the Compensation Committee met 10 times, with an average attendance of 93% of its members. Committee meetings were an average length of 117.2 minutes.

meetings

 

attendance

 

* The European House – Ambrosetti S.p.A., L’osservatorio sull’eccellenza dei sistemi di governo in Italia, 2017 ed. The data refer to the financial year 2016 and are excerpted from public sources such as Financial Statement for the year 2016 and Corporate Governance Reports published in the Spring of 2017. The figures indicate the average rate of attendance of the meetings of the Remuneration Committee per segment (%) of 2016.

Main duties

The Compensation Committee consults with and advises the Board of Directors regarding director pay. Its duties include to:

  • submit the Remuneration Report to the Board of Directors and the remuneration policy to present to shareholders
  • assess shareholder votes on the Remuneration Report
  • periodically evaluate the adequacy, overall consistency and practical application of the policy by formulating proposals on this subject to the Board
  • make proposals concerning the remuneration of the Chairman and the CEO and members of board committees
  • based on information from the CEO, propose general criteria for the remuneration of managers with strategic responsibilities, general guidelines for the remuneration of other executives of Snam and its subsidiaries and annual and long-term incentive plans, including share-based plans
  • propose performance targets, final calculations of company results and claw-back clauses used as part of Snam’s incentive plans and propose variable remuneration for executive directors
  • propose indemnities to be paid in the event of the termination of employment and non-compete agreements for executive directors
  • monitor the application of decisions adopted by the Board
  • report to the Board, at least once every six months, not later than the latest date for the approval of the annual and half-yearly report, at the meeting specified by the Chairman of the Board of Directors; in addition, subsequently to its own meeting the Committee updates the Board of Directors in a communication, at the first available meeting, on the topics discussed and the comments, recommendations and opinions formulated therein.

Snam’s board of directors has verified that at least one Committee member has sufficient knowledge and experience of financial matters or remuneration policies.

Read the Remuneration Report interactive version

Internal auditor remuneration

The Compensation Committee annually reviews the remuneration structure for the internal auditor and ensures its consistency with general remuneration criteria. This review must be communicated to the chairman of the Control, Risk and Related Parties Transactions Committee.

snam duties

Read more about the duties of the Compensation Committee and activity in 2017

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snam remuneration

Find out about remuneration policy

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remuneration report

Go to the archive of Snam’s Remuneration Reports

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updated
08 May 2018 - 16:32 CEST