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

Laura Zanetti - 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; she is a member of the Board of Directors of Webuild S.p.A. and a member of the Executive Committee 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

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
Chairman of the Committee for Sustainability and Social Responsibility

Director since June 17, 1999 and Chief Executive Officer since May 27, 2014

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 company 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 such as Unicredit S.p.A., RCS S.p.A. and Mediobanca S.p.A. for several terms of office.

He is currently Chairman of Clessidra Private Equity SGR, the leading Italy-focused private equity firm, and a member of the Board of Directors of Tecnica Group, Caffè Borbone and Officina Profumo-Farmaceutica di Santa Maria Novella (Italmobiliare Group Portfolio Companies). He is also Chairman of the San Patrignano Onlus Foundation.

Permanent member of the General Board of Confindustria of which he was Vice President (2014-2016). Member of the Advisory Board of Assolombarda.

He is a member of the Board of ISPI and Co-Chairman of the Italy-Thailand Business Forum.

He is Chairman of the Pesenti Foundation, which promotes interaction between profit and non-profit organisations for the diffusion of a culture of innovation to generate projects and activities in the social, environmental and cultural sectors.

Vittorio Bertazzoni

Independent director1

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

Director since April 19, 2017

Degree in Law from the University of Parma.

After graduation, he began his career at Arthur Andersen in audit, gaining international experience first in the USA, at the New York office, 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

Degree in Law - Milan State University.

He has practised as a lawyer for the last forty years. He is a 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

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 positions 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 Zurich Investments Life S.p.A. and Il Sole 24 Ore S.p.A.

Valentina Casella

Independent director 1

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Valentina Casella
Member of the Remuneration and Nominations Committee

Director since July 29, 2021

She holds a degree in Law from the University of Milan, and is specialised in corporate law and business administration, with a Master of Laws from Columbia University and an M.B.A. from INSEAD.

She is a member of the Italian Bar Association since 2006 and of the New York State Bar Association since 2008.

From 2007 to 2012 she was an associate at Simpson Thacher & Bartlett LLP in New York.

She is a partner at Casella e Associati in Milan since 2014.

She is a Director of Banco di Desio e della Brianza S.p.A. and of Arnoldo Mondadori Editore S.p.A.

Marco Cipelletti

Independent director 1

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Marco Cipelletti

Director since January 27, 2021

Degree in Business Economics and Corporate Finance from Bocconi University.

Thirty years of work experience, including more than 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

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 (CeRP); Vice President of SHARE-ERIC (Survey of Health, Ageing and Retirement in Europe); Honorary Senior Fellow at the Carlo Alberto College, Research Fellow at Netspar - Network for Studies on Pensions, Aging and Retirement and Policy Fellow at the IZA - Institute of Labor Economics 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 GFLEC (Global Financial Literacy Excellence Center, Washington DC) and columnist for La Stampa.

She is a Director of 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

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 the person 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

Degree in Law, magna cum laude, 1985 - Milan State University. Registered member of the Order of Lawyers of Milan since 1988.

Registered member of the Special Order of Cassation Lawyers and Higher Jurisdictions since 2006. Associate of the Hughes Hubbard & Reed law firm in New York from 1986 to 1987. First associate, then partner of the Ardito law firm from 1991.

Partner of the Dewey & LeBoeuf law firm from 2004 to 2012.

He has been Founder member 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

She is the Sole Director of Tack SCF S.r.l., a company that provides Family Office services, and a member of the Board of Directors of various companies in Italy.

Previously, she worked as Chief Operating Officer of Laprima Holding S.r.l., Single Family Office, and in investment banks, in London and Milan (Morgan Stanley, Credit Suisse and Goldman Sachs). She graduated summa cum laude from Bocconi University, she 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.

1Independent Director
2Independent Director (only pursuant to Legislative Decree no. 58 February 24, 1998)

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