Edition:
United States

Saras SpA (SRS.MI)

SRS.MI on Milan Stock Exchange

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22 Aug 2019
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Summary

Name Age Since Current Position

Massimo Moratti

74 2018 Executive Chairman of the Board

Dario Scaffardi

60 2018 Chief Executive Officer, General Manager, Director

Franco Balsamo

58 Chief Financial Officer

Angelo Moratti

45 Chairman of the Board of Saras Energia SA, Director

Gilberto Callera

80 2012 Non-Executive Lead Independent Director

Angelo Moratti

55 2018 Director

Gabriele Moratti

40 2010 Non-Executive Director

Giovanni Moratti

Non-Executive Director

Adriana Cerretelli

Non-Executive Independent Director

Laura Fidanza

45 Non-Executive Independent Director

Isabelle Frances Harvie-Watt

Non-Executive Independent Director

Francesca Luchi

2018 Non-Executive Independent Director

Leonardo Senni

2018 Non-Executive Independent Director

Biographies

Name Description

Massimo Moratti

Dr. Massimo Moratti serves as Executive Chairman of the Board of Saras S.p.A. He has been a Board Member of Saras S.p.A. since 1972, where he has held the office of Chief Executive Officer from 1981 to 2018. In May 2018 he has been appointed Chairman. He is the Sole Director of MASSIMO MORATTI S.a.p.a., Chairman of the Board of Directors of SARINT S.A. and Director of GUT EDIZIONI S.p.A.. He was a Board Member of TELECOM ITALIA S.p.A. from 2001 to 2007, Chairman of the Board of Directors of F.C. INTERNAZIONALE MILANO S.p.A. from 1995 to 2004 and from 2006 to 2013, Director of PIRELLI & C. S.p.A. from 7 May 2003 to 31 December 2014 and Director of PIRELLI S.p.A. from May 2002 to August 2003.

Dario Scaffardi

Mr. Dario Scaffardi serves as Chief Executive Officer, General Manager, Director of Saras S.p.A. He has a degree in naval engineering from the University of Genoa. He has taken professional development courses at Oxford, at the Scuola di Direzione Aziendale dell'Università Commerciale Luigi Bocconi of Milan and at Columbia University in New York. He began working for Saras in 1992, after gaining experience at Medov S.p.A., Saipem S.p.A. (ENI Group), Cameli & Co. S.p.A. and Indutech S.p.A. Since 1999, he has held the position of Supply & Trading Manager of Saras, responsible for commercial operations such as processing contracts, sales of oil products and transport. In October 2006, he was appointed General Manager of Saras S.p.A. and a member of the Board of Directors. From February 2013 to May 2018 he has also covered the role of Deputy Executive Chairman with wide powers with regard to operating management. From May 2018 he took over the position of Chief Executive Officer. He has been a member of the Management Board of Unione Petrolifera since December 2011.

Franco Balsamo

Mr. Franco Balsamo serves as Chief Financial Officer of Saras S.p.A. After a degree in business economics, started his career in Italian and foreign financial institutions. In 1995 he joined the Montedison Group, as Head of Finance for Fondiaria Assicurazioni, and subsequently he took the role of Finance Director in Edison. In 2013 he joined Acea SpA as Chief Financial Officer, and he held this role until mid September 2015.

Angelo Moratti

Mr. Angelo Mario Moratti serves as Non-Executive Director at Saras S.p.A. He obtained a degree in Philosophy from Pavia University and attended courses in Business Economics and Business at the London School of Economics, Oxford University (U.K.) and Columbia University (New York, USA). At Saras, he has held offices in the Human Resources Department, Supply & Trading Department and Financial Department. He is on the team developing commercial initiatives of the SARAS Group in Spain and initiatives relating to wind power projects. He is currently a Board Member of SARAS SpA, Chairman of the Board of Directors of SARAS ENERGIA S.A. and Director of SARINT S.A.

Gilberto Callera

Eng. Gilberto Callera serves as Non-Executive Lead Independent Director at Saras S.p.A. since April 27, 2012. Mr. Callera graduated with a degree in chemical engineering from the Polytechnic University of Milan. Mr. Callera held various management positions in the Shell Group from 1965 through 1975, and in the Eni Group from 1974 through 1988. At Agip Petroli S.p.A. (the Eni Group's principal Italian oil subsidiary), where he worked from 1988 through 1996, Mr. Callera served as General Manager (1988-1996), CEO (1996-1999) and President (1999-2002). Returning to Eni S.p.A. in 2003, Mr. Callera was named General Manager of Eni's, in charge of the supply, refining and marketing division. Mr. Callera has also served as Vice-President of the Unione Industriali di Roma and Unione Petrolifera (1999-2004) and as President of the Eni Corporate University S.p.A. (2001-2004). Since 2004, he has been the President, and from 2016 Vice President, of the Italian Committee of the World Energy Council.

Angelo Moratti

Mr. Angelo Gino Moratti serves as Director Of Saras S.p.A. Mr. Moratti has completed executive program courses at Columbia University in New York City. He is a member of Saras' Board of Directors. He also holds the position of Vice Chairman of Special Olympics Italy and Chairman and CEO of of Angel Capital Management SpA.

Gabriele Moratti

Dr. Gabriele Moratti serves as Non-Executive Director of Saras S.p.A. since April 27, 2010. After graduating with a degree in sociology and art history from Duke University (USA), he began working for Saras in the Human Resources Department, where, in particular, he oversaw projects linked to training on environmental and safety issues. In June 2006, he joined JP Morgan, where he gained significant experience in the financial sector with specific regard to mergers and acquisitions, both in Milan and at the European Headquarters in London. From 2007 to 2013 he joined Saras again, as Assistant to the General Manager, to directly oversee ongoing organizational and managerial development projects.

Giovanni Moratti

Adriana Cerretelli

Ms. Adriana Cerretelli serves as Independent Director at Saras S.p.A. She graduated in Political Science, is editorialist for il Sole 24 Ore in Bruxelles for Europe, Nato and on global affairs. Before going into journalism was a researcher at the Istituto di Politica Internazionale (ISPI) in Milan, collaborating regularly with the magazine “Relazioni Internazionali”. In 2000 the President of the Republic of Italy appointed her an “Official of the Republic” for her contributions provided by her journalism reports on the birth of the Euro. In 2014, the President of France awarded her the Legion d’Onore for her analyses of European issues and her writings on France and its role in Europe. She has won several journalism awards in Italy and the European Parliament Prize for Journalism.

Laura Fidanza

Ms. Laura Fidanza serves as Non-Executive Independent Director of Saras S.p.A. After graduating in law from the University of Milan in October 1997, she embarked on a legal career, gaining her professional practice certificate in 2001. Laura was successful in the competitive examination for notary posts, organised under Italian administrative decision of 1 September 2004, and was admitted to practise the profession of notary. From 2008 She has worked as a notary in the Joint Notary District of Turin and Pinerolo and form 2009 she was transferred to the Notary District of Milan. She currently works as a notary in her offices in Milan. Since 2015 serves as an Independent Board Member of the Saras Group.

Isabelle Frances Harvie-Watt

Ms. Isabelle Frances Harvie-Watt serves as Non-Executive Independent Director of SARAS S.P.A. She graduated with a Masters in History and Italian Literature from the University of Edinburgh in 1990 and after moved to Italy. She worked in Havas from 2011 to 2015 as CEO and Country Manager of Havas Media Group in Italy, she oversees all of the Group’s agencies and specialised divisions in Italy. Prior to joining Havas, Isabelle worked in the world of fashion and luxury goods for 20 years, leading the global marketing, communications and PR strategies for companies such as Giorgio Armani, Versace and most recently the Tod’s Group. From October 2016 she is Managing Partner & CEO Italy, Member of Global Executive Board and Chair of Global Marketing Committee of Spring Studios, a global creative agency with strong digital and film capabilities, inhouse production skills specialized in the organization of business event in the fashion, luxury and lifestyle industries. Since 2015 serves as an Independent Board Member of the Saras Group.

Francesca Luchi

Ms. Francesca Luchi is Non-Executive Independent Director of the Company. She graduated summa cum laude from Università Statale of Milan with a dissertation on bankruptcy law. From 1985 -1988, she was a honorary fellow on the subject, working with relevant personality in the legal sector and publishing articles in scientific magazines. Lawyer in Milan, she mainly practices corporate law, both by providing consulting to medium and large companies, including listed companies, and in corporate disputes as well as financial and bankrupcy disputes. In 1996 she was a board member of Accademia di Brera and is currently a member of the board of directors of Adelphi Edizioni S.p.A.

Leonardo Senni

Mr. Leonardo Senni is Non-Executive Independent Director of the Company. He graduated at the University of Genova in Mechanical Engineering and continued his education path at the University of Sussex obtaining a Master of Science in Computer Technology in Manufacturing and at the Insead obtaining a Master in Business Administration (MBA). From 1993 to 1994 he worked at Procter and Gamble. From 1994 to 2012 he worked at McKinsey & Company, at first as business analyst and then as Associate Principal and as a Partner. From 2012 to 2013 he worked at the Ministry of Economic Development of the Italian Government as Head of Department of Energy. From 2014 to 2017 he worked at Ariston Thermo Group as Chief Executive Officer. He currently holds the position of Managing Director at Merloni Holding.

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