Governance

Board of Directors

The Board of Directors currently in office was appointed by the Shareholders’ Meeting on 21 April 2020.
It is made up of twelve members who will remain in office until the approval of the financial statements for the year 2022.

Laura Zanetti

Chairman
Independent director2

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Laura Zanetti
Chairman
Member of the Committee for Sustainability and Social Responsibility

Director since November 14, 2013 and Chairman since April 19, 2017

Graduated with honours from Bocconi University, where she is Associate Professor with tenure of Corporate Finance, as well as Research Fellow of the Baffi-Carefin Research Centre and Academic Director of the Bachelor Degree in Economics and Finance.

Previously, she was Director of the Master of Science in Finance at Bocconi University, Visiting Scholar at both the MIT (Massachusetts Institute of Technology) and the LSE (London School of Economics and Political Science).

She is a Certified Public Accountant, Registered Auditor, Director and Statutory Auditor of various leading companies, and a member of the Board of Assonime.

She is the author of many articles on corporate governance, corporate finance and company valuations.

Livio Strazzera

Deputy Chairman
Independent director 2

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Livio Strazzera
Deputy Chairman

Director since May 3, 2002 and Deputy Chairman since April 19, 2017

Born in Trapani, July 23, 1961.

Degree in economics & commerce – Bocconi University, Milan.

Certified public accountant in Milan and registered auditor.

Tax consultant, director and statutory auditor of various companies.

Carlo Pesenti

Chief Executive Officer
Chief Operating Officer

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Carlo Pesenti
Chief Executive Officer
Chief Operating Officer
Executive Director in Charge of the Internal Control and Risk Management System
Member of the Committee for Sustainability and Social Responsibility

Director since June 17, 1999

Born in Milan, March 30, 1963.

Degree in Mechanical Engineering – Milan Polytechnic.

Master in Economics & Management – Bocconi University, Milan.

Since 1999, he has been a member of the Board of Directors of Italmobiliare, an investment holding listed on the Milan Stock Exchange. In 2001 he was appointed Chief Operating Officer and in May 2014 he became Chief Executive Officer. During his career he served for more than a decade, till 2016, as CEO of Italcementi.

Along with the positions held in the Italmobiliare Group, he has also been a member of the Boards of Directors of leading companies, including Unicredit SpA, RCS SpA and Mediobanca SpA, for several terms of office.

He is currently Chairman of Clessidra SGR, the leading manager of Private Equity funds dedicated to the Italian market, and a member of the Board of Directors of Tecnica Group, Caffè Borbone and Officina Profumo-Farmaceutica di Santa Maria Novella (Italmobiliare portfolio companies). He is also a Director of San Patrignano non-profit foundation.

He is a permanent member of the General Board of Confindustria (Italian Entrepreneurial Association), of which he was Vice President (2014-2016). Since 2017, he has been a member of the Advisory Board of Assolombarda (the main association of companies operating in the Metropolitan City of Milan and in the provinces of Lodi, Monza and Brianza, Pavia).

He is a member of the Board of ISPI (the Italian Institute for International Political Studies) and Co-Chairman of the Italy-Thailand Business Forum.

He is Chairman of the Pesenti Foundation promoting interaction between profit and non-profit organisations and supporting initiatives, projects and actions for social development, environment and culture.

Vittorio Bertazzoni

Independent director1

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Vittorio Bertazzoni
Member of the Remuneration and Nominations Committee
Member of the Committee for Sustainability and Social Responsibility

Director since April 19, 2017

Born in Parma, March 29, 1976.

Degree in law from the University of Parma.

After graduation, he began his career at Arthur Andersen in audit, gaining international experience first at the New York office (USA) and later in Italy.

Subsequently, he worked with the Research Department of Mediobanca S.p.A.

He is currently Deputy Chairman and Chief Executive Officer of SMEG S.p.A., an Italian manufacturer of electrical household appliances.

He is also Deputy Chairman and Chief Executive Officer of ERFIN S.p.A.

Giorgio Bonomi

 

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Giorgio Bonomi
Member of the Control and Risk Committee

Director since May 3, 2002

Born in Bergamo, November 2, 1955.

Degree in law – Milan State University.

Legal practice in Bergamo. Registered auditor.

Mirja Cartia d'Asero

Independent director 1

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Mirja Cartia d'Asero
Member of the Control and Risk Committee
Member of the Committee for Transactions with Related Parties
Member of the Committee for Sustainability and Social Responsibility

Director since April 19, 2017

Born in Catania, November 22, 1969.

She holds a degree in law from the University of Catania. She has been a member of the Italian bar association since 1996, and has a specialisation in real estate finance.

From 1996 to 2005, she worked in banking and finance law at Clifford Chance (Rome-London) and Allen & Overy (Milan). From 2005 to 2017 she was with Lehman Brothers (London-Milan) holding various posts in the Global Real Estate Group and – since 2008 – in Administration.

Since 2014 she has been Founder member and Chief Executive Officer of Restar, a non-performing loans platform for the US Varde Fund, which was sold and merged with Guber Banca, in which she acts as Head of Real Estate.

She is a director of FNM S.p.A. and Zurich Investments Life S.p.A.

Marco Cipelletti

Independent director 1

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Marco Cipelletti

Director since January 27, 2021

Born in Milan on November 26, 1965.

Degree in Business Economics and Corporate Finance from Bocconi University, Milan.

Thirty years of work experience, including over twenty years in the financial sector (investment analysis and fund management) at Amber Capital, Milan, UBS Investment Bank, Milan, ABN Amro Bank, NV, Milan, Credit Lyonnais Securities, London, San Paolo Bank – Istituto Bancario San Paolo di Torino, London, Actinvest Group Ltd, London, and the last nine years in the real estate sector.

Since May 2011, CEO of Galtrucco S.p.A., a real estate company based in Milan, and of two other minor real estate companies linked to it.

Elsa Fornero

Independent director1

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Elsa Fornero
Member of the Committee for Transactions with Related Parties
Member of the Committee for Sustainability and Social Responsibility

Director since July 27, 2017

Born in San Carlo Canavese (Turin), May 7, 1948.

Full professor of political economics at the Socio-Economic and Mathematical-Statistical Department (ESOMAS) at the University of Turin; scientific coordinator of the Centre for Research on Pensions and Welfare Policies; vice president of the Survey of Health, Ageing and Retirement in Europe; honorary senior fellow at the Carlo Alberto College, research fellow at the Netspar Network for Studies on Pensions, Ageing and Retirement and policy fellow at the Institute of Labour Economics (IZA) in Bonn.
She is also a member of the research committee of the International Network on Financial Education (INFE) of the OECD and of the scientific committee of the Observatoire de l’Epargne Européenne (Paris).

She is a director of Centrale del Latte d’Italia S.p.A. and Buzzi Unicem S.p.A.

From November 16, 2011 to April 28, 2013 she was Minister of Employment and Social Policies, with responsibility for Equal Opportunities, in the government formed by Mario Monti. As Minister, she introduced reforms in pensions and the jobs market (approved by Parliament at the end of 2011 and in mid-2012 respectively).

She has published articles on public and private pensions systems, pensions reform, the ageing population, household savings, pension and life insurance decisions.

Sebastiano Mazzoleni

 

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Sebastiano Mazzoleni

Director since May 25, 2011

Born in Milan, May 11, 1968.

Degree in geology – Milan State University.

Master in Business Administration – Bocconi Business School, Milan.

He began his professional career in 1996 with CTG S.p.A. as a research geologist in charge of assessing raw materials for cement production, coordinating work groups in Italy, France, Spain and Thailand.

In 2000, he moved to the Italcementi S.p.A. Marketing Division, with joint responsibility for drawing up new product marketing plans and benchmark analyses for development of competitive positioning models.

In 2003, he was involved in the creation of the new Group division “New Product Marketing”, and was head of innovation for USA, Greece, Bulgaria, Turkey, Egypt, Thailand, Kazakhstan and India until 2009. Group manager in charge of the new project for the enhancement of recoverable resources.

Since 2010 he has been involved in non-profit, social entrepreneurship and consultancy on innovation.

Luca Minoli

 

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Luca Minoli

Director since May 3, 2002

Born in Naples, January 29, 1961.

Degree in law, magna cum laude, 1985 – Milan State University.

Member of the Italian bar association since 1988. Registered member of the Order of Cassation Lawyers since 2006.

From 1986 to 1987, associate of Hughes Hubbard & Reed in New York. First associate, later partner from 1991 of the Ardito law firm. Partner, from 2004 to 2012, of the Dewey & LeBoeuf law firm.

He has been partner of the Gattai, Minoli, Agostinelli & Partners law firm since 2013.

Chiara Palmieri

Independent director1

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Chiara Palmieri
Member of the Remuneration and Nominations Committee
Member of the Control and Risk Committee
Member of the Committee for Transactions with Related Parties

Director since April 19, 2017

Born in Milan, December 9, 1970.

She is the Sole Director of Tack S.r.l., a company that provides Family Office services; she is a professor at Bocconi University and a member of the Board of Directors of the following companies: Snaitech S.p.A, Fratelli Branca Distillerie S.r.l., Ceme S.p.A. and Design Holding S.p.A.; she also sits on the Board of Amref Health Africa Onlus-Italia.

Earlier, she worked as Chief Operating Officer of Laprima Holding S.r.l., Single Family Office, and in London for more than ten years, at Morgan Stanley, Credit Suisse and Goldman Sachs, where she was Chief Operating Officer and an executive director of the Private Wealth Management division for Europe and Asia.

She was a director of Poste S.p.A.

She graduated summa cum laude from Bocconi University, is a certified public accountant and obtained a CEMS Master from HEC-Paris University, after an exchange at the MBA program of the Stern School – New York University.

Marinella Soldi

Independent director 1

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Marinella Soldi
Member of the Remuneration and Nomination Committee

Director since April 21, 2020

Born in Figline Valdarno (FI) on November 4th, 1966.

She holds a BSc in Economics from the London School of Economics and an MBA from INSEAD, Fontainebleau, France.

She began her career at McKinsey as a Business Analyst and Associate (1990-1993) in London and Milan. From 1995 to 2000 she joined MTV NETWORKS EUROPE, where she was first Business Development Manager in London, then General Manager of MTV Italy in Milan and finally Senior Vice President, Strategic Development, in London.

In 2000 (until 2009) she founded the SOLDI COACHING / GLITZ SRL, a leadership development company in London and Milan. From 2009 to 2018 she worked at DISCOVERY NETWORKS INTERNATIONAL where she held various positions including Chief Content and Strategy Officer EMEA and Managing Director Southern Europe in Milan and London.

She is President of the Vodafone Italia Foundation and a Director of Nexi and Ariston Thermo.

1Independent Director (pursuant to the Code of Corporate Governance and Legislative Decree no. 58, February 24, 1998)
2Independent Director (pursuant Legislative Decree no. 58, February 24, 1998)

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Key economic and financial data