People: ERG SpA (ERG.MI)

ERG.MI on Milan Stock Exchange

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Summary

Name Age Since Current Position

Edoardo Garrone

52 2003 Chairman of the Board

Riccardo Garrone

77 2009 Honorary Chairman

Luca Bettonte

49 2012 Chief Executive Officer, Executive Director

Alessandro Garrone

51 2012 Executive Vice Chairman of the Board

Paolo Merli

42 Director of Finance & Control

Massimo Derchi

CEO of ERG Renew SpA, Director of LukErg Renew

Claudio Spinaci

Chief Executive Officer of TotalErg SpA

Giorgio Coraggioso

47 2009 Director of Administration and Tax; Financial Reporting Officer

Pietro Muti

56 2010 Corporate Development Director

Gian Raffaele Rivanera

60 General Counsel

Graziella Merello

65 2012 Executive Director, Head of Internal Audit and Risk Office Department

Lucia Bormida

46 2010 Institutional and International Relations Manager

Corrado Bosio

Head of Merger & Acquisitions

Sergio Bovo

Manager of the Oil Business Unit

Alberto Fusi

50 Organization Development and ICT Director

Pietro Tittoni

56 2011 Head of Power and Gas Division

Giovanni Mondini

47 2003 Vice Chairman of the Board

Marco Costaguta

2012 Director

Alessandro Careri

2011 Non-Executive Director

Massimo Belcredi

51 2003 Independent Director

Pasquale Cardarelli

Independent Director

Antonio Guastoni

62 2003 Independent Director

Paolo Lanzoni

59 2003 Independent Director

Umberto Quadrino

66 2012 Independent Director

Emanuela Delucchi

Head of Investor Relations

Biographies

Name Description

Edoardo Garrone

Mr. Edoardo Garrone has served as Chairman of the Board at ERG SpA 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.

Riccardo Garrone

Mr. Riccardo Garrone has been Honorary Chairman at ERG SpA since December 15, 2009. From November 2008 until December 15, 2009, he was Honorary Chairman and Director of the Company. Until April 29, 2003, he was Chairman of the Company. In April 29, 2003 he became Director and he held this post until December 15, 2009. He was appointed as the Company’s Honorary Chairman in November 2008. He took the reins of the Company in 1963. From 1983 to 1986 he was Chairman of the Association of Industrialist of Genoa. In 1986 Mr. Riccardo Garrone, together with other Italian petroleum, founded the AIPI (Italian Petroleum Industry Association) and became its Chairman. In 1993 Mr. Riccardo Garrone was nominated Cavaliere del Lavoro (Knight of Labor). From 1998 to 2000, he once more filled the position of Chairman of the Association of Industrialists of the Province of Genoa. Mr. Riccardo Garrone is also Chairman of the Banco di San Giorgio bank. Since October 2002 he has been Chairman of the Sampdoria football club. In October 2002 Mr. Riccardo Garrone was nominated Chairman of the MUS-e Italia Association. Since April 2004 he has been Chairman of Capital Impresa. Since January 2005 he has also taken on the position of Chairman of the Edoardo Garrone Foundation. He graduated in Industrial Chemistry from Universita degli Studi di Genova. In June 2005 he was awarded an honorary degree in Chemical Engineering by Universita degli Studi di Genova.

Luca Bettonte

Mr. Luca Bettonte has served as Chief Executive Officer and Executive Director of ERG SpA since April 20, 2012. 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

Mr. Alessandro Garrone has been Executive Vice Chairman of the Board of Directors of ERG SpA 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 Merli serves as Director of Finance & Control of ERG SpA. 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).

Massimo Derchi

Mr. Massimo Derchi serves as Chief Executive Officer of ERG Renew SpA, Director of LukErg Renew within ERG SpA. In 1988 he joined the engineering company of ERG where he worked eight years as Project Manager of international projects. In 1996 he moved to Air Liquide Italia as Director of Projects, where he was in charge of the realisation of two Oxygen plants by L’Air Liquide. From 1999 to 2004 he was the General Manager of the Italian subsidiary of Hamon and later Managing Director of Balcke Marley Italia. Returned to ERG in 2005, he was in charge of strategical projects of the refining business, then Head of Procurement for the whole Group and then Head of Planning, Programming and Control of the refining business and Head of Refining as well Member of the Board of ISAB.

Claudio Spinaci

Giorgio Coraggioso

Mr. Giorgio Coraggioso has served as Director of Administration and Tax and Financial Reporting Officer of ERG SpA since December 2009. 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.

Pietro Muti

Mr. Pietro Muti has served as Corporate Development Director at ERG SpA since April 13, 2010. He is resposible for corporate Mergers and Acquisitions and he acts as President of ISAB EnergyIonio Gas President, as well as ERG Renew and TotalErg Board Member. He joined ERG Group in 1988, where he held various posts, including Corporate Planning Director at the Company, Planning and Control Director of ERG Power & Gas, CEO of Ionio Gas, General Manager of Isab Energy and ERG Nu.Ce., Board Member of ERG Cesa Eolica, Retail network Director of ERG Petroli Managing Director of Gestioni Europa, Head of Business Development of ERG Petroli, Board Member of ERG Petroleos Board Member, Refining Planning Manager of the Company, ERG Petroli Retail Area Manager and ERG Petroli Marketing Responsible. Previous positions covered outside ERG Group from 1983 to 1988 he held various posts at Esso Italiana SpA, including Technical assistance manager (Augusta Refinery– Siracuse), Special projects manager (Augusta Refinery– Siracuse), Supply planning manager (Esso Headquarters- Rome) Lube supply planning manager, and Development and engineering responsible at A.I.D. SpA. He is also ERG Renew SpA Board Member. He graduated in Mechanical Engineering from Universita degli Studi di Roma la Sapienza. He completed also YMP Masterclass at the INSEAD Business School of Fontainebleau.

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.

Graziella Merello

Ms. Graziella Merello has served Executive Director, Head of Internal Audit and Risk Office Department of ERG SpA since April 20, 2012. She served as Executive Director and Head of Risk Office Department of ERG SpA from April 2009 until April 20, 2012. She has held the position of Head of Risk Office Department since November 2008. From 1964 to 1969, she worked for the tax consulting firm, R.M. Robert. In 1970 she was hired by the Bozzo Group, which operated primarily in raw coffee trading, where via subsequent levels, she achieved managerial status in January 1990. She was responsible for administrative, tax and financial management holding bank and tax powers of attorney for various group companies and subsequently occupying the position of Administrative Manager until 1992. In April 1992 she joined ERG as a result of the acquisition of the share package of one of the Bozzo Group companies, where she has remained to date, following the various growth phases of the Company and the Group. From 1992 to 1994, she was Head of the Equity Investments function of the Company. From 1995 to 2004 she was Administrative Manager within the Company. From 2005 to 2008, she held the position of Administration and Tax Division Manager of the Company. Since November 2008 she has been Risk Office Manager of the Company. Furthermore from 2002 to 2006, she held numerous engagements on the Boards of Directors and Boards of Statutory Auditors of the Group’s companies; from 2002 to 2007 she was Head of Internal Audit within the Company; from 2007 to 2008 she was the Financial Reporting Officer of the Company. She has been a manager since 1990 and she has been registered in the Role of Auditors since 1995.

Lucia Bormida

Ms. Lucia Bormida has been Institutional and International Relations Manager of the ERG SpA 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

Sergio Bovo

Mr. Sergio Bovo serves as Manager of the Oil Business Unit at ERG SpA. He graduated in Chemical Engineering from Universita degli Studi di Genova. He has held various positions since joining the ERG Group in 1993. From 1993 to 1995 he was Technical Management officer at Colisa SpA. From 1995 to 1997 he served as refinery planner. From 1997 until 2000 he was product trader. From 2000 until 2002 he served as Head of market analysis. Between 2003 and 2005 he served as Head of Special Products and Logistics. From 2006 to 2008 he was Head of Maritime Activities, Price risk, Special Products and Logistics, among others.

Alberto Fusi

Mr. Alberto Fusi serves as Organization Development and ICT Director of ERG SpA. 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.

Pietro Tittoni

Mr. Pietro Tittoni has served as Head of Power and Gas Division of ERG SpA since 2011. 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.

Giovanni Mondini

Mr. Giovanni Mondini has been Vice Chairman of the Board of ERG SpA 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 has served as Director of ERG SpA since April 20, 2012. He also serves as Member of the Strategic Committee of the Company.

Alessandro Careri

Mr. Alessandro Careri has served as Non-Executive Director of ERG SpA since June 21, 2011. 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.

Massimo Belcredi

Mr. Massimo Belcredi has served as Independent Director at ERG SpA 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.

Pasquale Cardarelli

Mr. Pasquale (Lino) Cardarelli serves as Independent Director at ERG SpA. He also serves as Member of the Nominating and Remuneration Committees of the Company. He serves as Member of the Board and Member of Strategic Committee at Merloni Progetti SpA, Member of the Executive Committee at CoeClerici SpA, Chairman of the Board at CoeClerici Compagnie SA and Vice Chairman at Ambromobiliare SpA, among others. He obtained a Degree in Economics from Universita degli studi di Parma in 1961. He also attended Business Development courses at Imede Losanne, Switzerland, as well as Senior Executive Programs at Harvard Business School.

Antonio Guastoni

Mr. Antonio Guastoni has been Independent Director at ERG SpA since April 29, 2003. He is also Member of Audit Committee of the Company. He has been registered with the Milan Association of Chartered Accountants since February 1, 1978 and registered in the Roll of Official Auditors since April 12, 1995. He also serves as Director of FONDAZIONE IRCCS and MASTER GROUP MEDIA Srl, Chairman of the Board of Auditors of Camera di Commercio Industria Artigianato e Agricoltura di Milano (C.C.I.A.A.), CENTRE FOR BUSINESS CULTURE (CENTRO PER LA CULTURA D’IMPRESA), FONDAZIONE MILANO PER EXPO 2015 and FONDAZIONE MILANO CITTA DELLA MODA. He also serves as Chairman of the Board of Statutory auditors of DOMO MEDIA SpA, MEDIA FINANZARIA DI PARTECIPAZIONE SpA, ZAMBETTI & LUMINA SpA, LANDI SpA, ADLER OTHO Srl, VIMERCATE SALUTE SpA, PARCAM Srl, LAURO QUARANTA Srl and GUALA CLOSURES SpA. He also serves as Standing Auditor of AGRIMERCATI ScpA, IS.NA.R.T. SpA National Tourism Research Institute, ITALIAN KICK BOXING FEDERATION (Italian National Olympic Committee body), LEONARDO SGR SpA, Finlombarda Sgr SpA, Giulio Fiocchi S.p.A., SINDACATO ITALIANO MEMORE SpA, LIFE SCIENCE CAPITAL SpA, REPINVEST SICILY Srl and GRANDE JOLLY Srl. He also serves as Auditor of ITALIAN CENTRE FOR SOCIAL RESPONSIBILITY (FONDAZIONE PER LA DIFFUSIONE DELLA RESPONSABILITA SOCIALE DELLE IMPRESE), as Treasurer of MUS-E ITALIA ONLUS ASSOCIATION and as Deputy Chairman of SAMPDORIA HOLDING SpA. He graduated from Universita Commerciale Luigi Bocconi of Milan in 1975.

Paolo Lanzoni

Mr. Paolo Francesco Lanzoni has been Independent Director at ERG SpA 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.

Umberto Quadrino

Mr. Umberto Quadrino has served as Independent Director of ERG SpA since April 20, 2012. He serves as Director of Ambienta SGR SpA, Italsconsult SpA and Creo Invest Srl.

Emanuela Delucchi

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