Edition:
United States

ERG SpA (ERG.MI)

ERG.MI on Milan Stock Exchange

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1 Dec 2016
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Summary

Name Age Since Current Position

Edoardo Garrone

54 2003 Chairman of the Board

Luca Bettonte

52 2016 Chief Executive Officer, Executive Director, Chief Executive Officer and Director of ERG Renew SpA

Alessandro Garrone

53 2012 Executive Vice Chairman of the Board

Paolo Merli

45 Chief Financial Officer & Control

Alessandro Careri

2015 Chairman of TotalErg

Pietro Tittoni

59 2016 Managing Director Business Unit Power and Chief Operating Officer Business Unit Renewables

Alberto Fusi

53 2016 Chief Human Capital Officer

Gian Raffaele Rivanera

64 General Counsel

Lucia Bormida

49 2010 Chief Public Affairs & Communication Officer

Corrado Bosio

Head of Merger & Acquisitions

Giorgio Coraggioso

50 2014 Managing Director of ERG Services S.p.A.

Giovanni Mondini

50 2003 Vice Chairman of the Board

Marco Costaguta

2012 Director

Massimo Belcredi

54 2003 Independent Director

Mara Caverni

54 2015 Independent Director

Alessandro Chieffi

2015 Independent Director

Barbara Cominelli

2015 Independent Director

Luigi Ferraris

54 2015 Independent Director

Paolo Lanzoni

62 2003 Independent Director

Silvia Merlo

48 2015 Independent Director

Emanuela Delucchi

Head of Investor Relations

Biographies

Name Description

Edoardo Garrone

Mr. Edoardo Garrone serves as Chairman of the Board at ERG S.p.A. since April 29, 2003. He is Member of the Board of Directors of Pininfarina SpA, S.E.M. Srl, of the Civita Association, the Magna Carta Foundation, as well as Member of the IEFE Management Committee and Assonime (Association of Italian Listed Companies) Council Member. He serves as Chairman of the Board of Directors of Aedificatio SpA, Chairman of Consorzio Rete Industria and Chairman of the Supervisory Committee of San Quirico SpA. From 1986 to 1987, he worked for Marsud, a company specializing in petroleum product transportation. He joined ERG in 1988 in the Planning and Strategy Department. From 1989 to 1991 he was a manager with the ERG Group Strategic Planning Division. He was Vice Chairman of the Industrial Association of Genova from 1994 to 1997, and Chairman of Young Member of Industry in Genova from 1997 to 1998. In 1999 he became Member of the Board of Confindustria and Member of the Council of the Industrial Association of Genova. From April 2000 to April 2002, he was Chairman of Young Businessmen of Confindustria and Vice Chairman of Confindustria. He is an advisor to Fondazione Schiavetti, ALCE (the Foreign Business Association of Liguria), SOGEA - the Genova Business School, and has been Administrative Secretary of Sampdoria F.C. since 2002. He graduated in Political Science from Alfieri Institute of the Universita degli Studi di Firenze. He subsequently took Economics and Finance courses in London and the United States and a Business and Administration for young managers course at INSEAD, Fontainebleu.

Luca Bettonte

Mr. Luca Bettonte serves as Chief Executive Officer, Executive Director of ERG S.p.A. since April 20, 2012. He is also Chief Executive Officer and Director of ERG Renew SpA since July 13, 2016. Prior to this he was General Manager Corporate and Executive Director of ERG SpA as from December 15, 2009. He also serves as Member of the Strategic Committee of the Company. He previously, served as Chief Financial Officer of the Company from November 20, 2007 to December 15, 2009. He is currently responsible for the activities of Corporate Finance, Investor Relations, Legal Affairs, Administrative, Fiscal, Finance, Management Control, Human Resources, Information Systems and Purchase within the Company. He also serves as Director of ERG Petroli SpA, ERG Power & Gas SpA, ERG Raffinerie Mediterranee SpA, ERG Renew SpA and Ionio Gas Srl. From 2003 up to 2007 he was Chief Financial Officer of Atlantia SpA, Finance Director of Autostrade per l’Italia SpA, Chairman of Autostrade International US Holdings, Director of Impregilo SpA, Autostrade Sud America Srl and of Emittenti Titoli SpA.He has been Chief Financial Officer at Atlantia SpA since 2003. He worked at Indesit Company SpA from 1998 till 2003, initially as Group Financial Controller, and then as Chief Financial Officer from 2000, and at Pricewaterhouse Coopers SpA in Italy and United Kingdom from 1990 till 1998. He has been Professor at the Faculty of Economics and Commerce of the Universita Cattolica Sacro Cuore in Milan since 2008 and of the University of Bologna from 2004 until 2008, respectively. He graduated in Economics and Business at Universita degli Studi di Bologna. He is Chartered Accountant and Auditor.

Alessandro Garrone

Dr. Alessandro Garrone serves as Executive Vice Chairman of the Board of ERG S.p.A. since April 20, 2012. Prior to his appointment he served as Chief Executive Officer and Director at ERG SpA from December 2002 until April 20, 2012. From August 2002 to December 2002 he held the post of Central Finance and Control Manager within the Company. He also serves as Chairman of the Strategic Committee of the Company. From January 1999 to December 2001 he was responsible for Refining Management Control, within the Management Control department of the Company. From August 1994 to December 1996, at ERG Petroli, he had duties within the Supply and Sales Management department of the Company. From August 1992 to July 1994, at ISAB SpA, he was responsible for Management Control. From September 1991 to July 1992 at ISAB SpA he held the post of operative programming of the ERG Group refineries. From January 1988 to April 1989 at ERG Petroleum USA he managed ERG Group international relations. He also serves as Member of the Petroleum Union Committee, Member of the Energy and Petroleum Trade Union Committee, Honorary Consul of Mexico, Vice President of i-Faber SpA, Director of Mutuionline SpA, Director of Banca Passadore & C. SpA and Director of ERG Renew SpA. He also served as Vice Chairman of ERG Petroli from January 1996 to December 1997, Chairman of Garrone SpA from December 1992 to December 1995, Chairman of Creditonline SpA from April 2002 to November 2002, Director of BPC SpA since June 1994 to September 2004, Member of the Executive Committee of BPC SpA from May 2002 to September 2004, and Director of FinecoBank from May 2005 to May 2006. He graduated in Economics in 1991.

Paolo Merli

Mr. Paolo Luigi Merli serves as Chief Financial Officer & Control of ERG S.p.A. He is in charge of the Planning & Reporting, Management Control & Investor Relations, Finance, Corporate & Risk Finance, Corporate Development & M&A. He graduated in Electrical Engineering from Universita degli Studi di Pavia in March 1996. Additionally, he received an MBA degree in Finance from Scuola Superiore Enrico Mattei in June 1998. He joined the ERG Group in September 2006 where he is Director of Finance & Control: reporting directly to the CEO, he is in charge of the Group Treasury, Structured Finance, Corporate Finance, Investor Relations, Financial Risk Management and Business Control departments. Since July 2011 he has been a Director of ERG Renew SpA Board. He previously worked for approximately seven years as a financial analyst in charge of the European Oil&Gas and Motorways sectors at Intermonte. At Intermonte he was also a Specialist in ERG stock when ERG joined the STAR segment. From 1998 to 2000 he worked in the sales department at Snam SpA (current Gas & Power division of ENI SpA).

Alessandro Careri

Mr. Alessandro Careri serves as Chairman of TotalErg's Board of Directors at ERG S.p.A. He was Non-Executive Director of ERG S.p.A. He also serves as Member of the Strategic Committee of the Company. Until March 2010 he held positions within the ENI group, including the one of General Manager IP and Sales Manager of the Refining & Marketing Division.

Pietro Tittoni

Mr. Pietro Tittoni serves as Managing Director Business Unit Power and Chief Operating Officer Business Unit Renewables at ERG S.p.A. since July 13, 2016. He was Head of Power and Gas Division of ERG S.p.A. from 2011 to July 13, 2016 at the firm. He graduated in Mechanical Engineering. He began his professional career working on the CNR Energetica 2 project for the development of laser Doppler anemometry systems at Universita degli Studi de L’Aquila. He joined ENEL in 1985 and gained a qualification to manage Nuclear Reactors from Milan Polytechnic. He then moved to Toronto where he was involved in the running of the Bruce-Ontario Hydro nuclear power station at the Canadian Atomic Agency. Between 1989 and 2000 he worked in ENEL’s thermoelectric division in the Production and Transmission Division in Rome and later at the thermoelectric plant of Fiume Santo. From 2001 he was appointed to the following positions: Head of Energy Management at ENDESA Italia for the management of a generation fleet; Director of Endesa Italia Power & Fuel srl; Member of the Board of ERGON Energia srl; Head of Energy Management, EOn Produzione Spa. In 2008 he was in Ireland as Generation Executive Manager for the start-up Endesa Ireland Ltd. In 2009 he moved to ERG Power & Gas in Genoa where he held the role of General Manager of ISAB ENERGY Srl and in 2011 he was appointed Head of the Power & Gas Business Unit at ERG Spa. Within the same ERG Group he holds the following roles: Chairman of ISAB Energy Services; Member of the Board of ISAB Energy; Member of the Board of ERG Power.

Alberto Fusi

Mr. Alberto Fusi serves as Chief Human Capital Officer at ERG S.p.A. He was Organization Development and ICT Director of ERG S.p.A. He obtained a Bachelors degree in Law and Doctorate in Philosophy in Organizational Development from Universita Commerciale Luigi Bocconi. From 2006 to 2012 he was Vice President Human Resources at Denso S.p.a. From 2000 to 2006 he served within Fiat Group as Vice President Human Resources at CNH Global LLC-Chicago; Human Resources Director at Global Value Spa-Torino. From 1988 to 2000 he served at Magneti Marelli.

Gian Raffaele Rivanera

Mr. Gian Raffaele Rivanera serves as General Counsel at ERG SpA. He joined the Company in 1993. Prior to that, from 1976 to 1989, he worked in the Tax Department of Mira Lanza. From 1989 to 1993, he was at the Legal Department of the Cameli Group. He graduated in Law from the Universita degli Studi di Genova in 1975. He is authorized to practice Law as an attorney.

Lucia Bormida

Ms. Lucia Bormida serves as Chief Public Affairs & Communication Officer of the ERG S.p.A. since 2010. She joined the ERG Group in 1996 and has held various positions, including Manager of Institutional Relations, Institutional Relations Manager and ERG Group Risk Manager, among others. She obtained a degree in Chemical Engineering from Universita degli Studi di Roma La Sapienza in 1991. In 1992 she attended a postgraduate specialization course in 'Ingegneria Sanitaria ed Ambientale' (Health and Environmental Engineering) at the Faculty of Engineering of Universita degli Studi di Roma La Sapienza, as well as in 1995 a Management Development Course at the LUISS University in Rome.

Corrado Bosio

Giorgio Coraggioso

Mr. Giorgio Coraggioso serves as Managing Director of ERG Services S.p.A. at ERG S.p.A. since 2014. He was Director of Administration and Tax and Financial Reporting Officer of ERG S.p.A. from December 2009 to 2014. He has served as Director of Administration and Tax at ERG SpA since November 2008. He graduated with honours in Business and Economics from Universita degli Studi di Genova in 1990. After a professional experience in the administration department of a Bozzo Group company, he joined the ERG Group in 1993 where he has acquired multiple years of experience in the administration and tax area and later as the manager in charge of the Consolidated Financial Statements of the ERG Group. In June 2011 he was appointed Director of ERG Oil Sicilia Srl. In July 2011 he was appointed Director of ERG Renew SpA. He is Director of Administration, Reporting and Tax, which includes Credit and Acquisition management activities.

Giovanni Mondini

Mr. Giovanni Mondini serves as Vice Chairman of the Board of ERG S.p.A. since April 29, 2003. He previously served as Director of the Company. He also serves as Member of the Strategic Committee of the Company. In December 14, 2009, he was appointed as Chairman and Chief Executive Officer of ERG Raffinerie Mediterranee. From 1988 to 1990 he worked for Tankersud SpA in Bari (a shipping company specializing in the transportation of petroleum products) and then worked for the same company in Genoa until 1992. In 1993 he began his career as part of the ERG Group by joining Tecnoerg SpA – engineering and petroleum/petrochemical plant design company – subsequently taking charge of its commercial office and then its purchasing office. Starting from 1999 he held various positions in the ERG Group’s Oil sector divisions: supply, refinery planning, performance planning and control, hedging. Since 2005 he has been General Manager Planning and Supply with ERG Raffinerie Mediterranee. He serves as Chairman of the Energy Section of Confindustria Genova, Chairman of the Energy Section of Confindustria Genova, Board member of Finanza Sviluppo Immobiliare SpA and Vice Chairman of U.C. Sampdoria Holding SpA. He followed the scientific branch of the Italian secondary education system and attended courses at the London International School, Milan SDA Bocconi and the College of Petroleum and Energy Studies, Oxford, England where he concentrated on international oil supply, trading and economics.

Marco Costaguta

Mr. Marco Costaguta serves as Director of ERG S.p.A. since April 20, 2012. He also serves as Member of the Strategic Committee of the Company.

Massimo Belcredi

Mr. Massimo Belcredi serves as Independent Director at ERG S.p.A. since April 29, 2003. He is also Chairman of Audit Committee and Member of Nominating and Remuneration Committees of the Company. He served at IRS Istituto per la Ricerca Sociale from 1987 to 1991. He was Assistant Professor from 1991 to 1998, Associate Professor from 1998 to 2000 and he is currently Full Professor of Corporate Finance within Universita Cattolica of Milan. He also taught in the University of Bologna (1994-1995), the Universita Cattolica of Piacenza (1994-1999) and the Universita della Svizzera Italiana (2005-2008). He has been Director of the Post-graduate course in Corporate Law and Economics, Universita Cattolica of Milan since 2004. He has been Independent Director of ARCA SGR SpA since 2001. He has also been Independent Director of Pirelli Tyre SpA since 2006. He has been a Chartered Accountant since 1989. He has been Consultant to Assonime on corporate governance, bankruptcy, corporate and securities Law and Economics since 2000. He was Member of Recruitment Commissions for Consob (2000-2001), Member of the Working Group for the revision of the Corporate Governance Code issued by Borsa Italiana (2005-2006); Member of the Working Group for the revision of the Corporate Governance Code issued by Assogestioni (2006-2007). He was in the Editorial board of Journal of Management and Governance (1998-2000), in the Program Committee of the European Financial Management Association Conference (2004), and Member of the Board of Directors of the European Financial Management Association (2005-2008). He is also Member of the European Corporate Governance Institute (ECGI), European Financial Management Association (EFMA) and Accademia Italiana di Economia Aziendale (AIDEA), as well as Director at Arca SGR SpA. He graduated in Economics and Commerce from Universita Cattolica del Sacro Cuore, Milano in April 1987.

Mara Caverni

Alessandro Chieffi

Barbara Cominelli

Luigi Ferraris

Paolo Lanzoni

Mr. Paolo Francesco Lanzoni serves as Independent Director at ERG S.p.A. since April 29, 2003. He is also Member of Audit, Nominating and Remuneration Committees and Chairman of Supervisory Committees of the Company. From 1973 to 1975, he served at Smith Barney Harris Upham New York, Investment Bank. From 1979 to 1984, he served as Financial Controller of the Eledra Group. From 1985 to 1988, he was Assistant Director, securities brokerage sector of Caboto SpA Merchant Bank. From 1988 to 1990 he was Director of International Business and securities brokerage with the Ligure Piemontese Merchant Bank, Banca Popolare di Novara Group. From 1990 to 1991 he was Director of the Securities Brokerage Office with Banca d’America e d’Italia. From 1992 to April 1998 he was Chief Executive Officer of Deutsche Morgan Grenfell of Deutsche Bank A.G. Group, Director of DB Fondi and Director of DB Vita. From April 1998 to February 2003 he was Chief Executive Officer of Credit Suisse (Italy) SpA. From 2000 to 2004, he was Director of G. Raimondi & Co. SIM SpA. He has also been Director of Effusia Investimenti SGR SpA since September 2005, Director of Finservice Srl since May 2007 and Director of Dolphin Tanker since June 2007. He graduated from London School of Business in 1978. From 1972 to 1974 he studied at New York Institute of Finance.

Silvia Merlo

Emanuela Delucchi