Saipem: BOD Appoints Chairman, CEO, Deputy CEO

Press Release
Tuesday, May 10, 2011

San Donato Milanese, 9 May 2011 - The Board of Directors of Saipem S.p.A., convened and following the resolutions taken by the Shareholders’ Meeting on May 4, 2011, approved the appointments of the Chairman, Deputy Chairman and CEO and Deputy CEO of Saipem S.p.A.

It also ascertained the independence requirements for Board Directors and Statutory Auditors and appointed the members of the internal Board Committees.

Saipem’s Board of Directors is comprised of:

    * Alberto Meomartini (Chairman – non-independent, non-executive Director)
    * Pietro Franco Tali (Deputy Chairman and CEO – non-independent, executive Director)
    * Hugh James O’Donnell (Deputy CEO – non-independent, executive Director)
    * Umberto Vergine (non-independent, non-executive Director)
    * Gabriele Galateri di Genola (independent, non-executive Director)
    * Nicola Greco (independent, non-executive Director)
    * Maurizio Montagnese (independent, non-executive Director)
    * Mauro Sacchetto (independent, non-executive Director)
    * Michele Volpi (independent, non-executive Director)

The Compensation Committee is comprised of:

    * Gabriele Galateri di Genola (Chairman)
    * Nicola Greco
    * Maurizio Montagnese

The Audit Committee is comprised of:

    * Mauro Sacchetto (Chairman)
    * Maurizio Montagnese
    * Michele Volpi


The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code to ascertain that the Directors Galateri di Genola, Greco, Montagnese, Sacchetto and Volpi meet the independence requirements pursuant to art. 148, paragraph 3, of Legislative Decree 58/98, the Corporate Governance Code promoted by Borsa Italiana, and art. 37, paragraph 1, letter d) and paragraph 1 bis of Issuers’ Regulations. The Board of Statutory Auditors also established the correct application of criteria adopted by the Board of Directors.

It was also ascertained that the Statutory Auditors meet the independence requirements set forth in art. 148, paragraph 3, of Legislative Decree 58/98, and art. 3 of the Corporate Governance Code.

Saipem shares are held by the following persons: Pietro Franco Tali 205,000 shares, Umberto Vergine 920 shares.

Source: www.saipem.com

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Bangladesh Aims to be World's 'First Solar Nation

Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated

India Not Pressurized by US-China Deal

Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action.

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

Offshore

Hofste, Montijn Nominated to Supervisory Board Fugro

Fugro N.V. announces that the Supervisory Board of Fugro nominates Mrs. P.H.M. Hofsté and Mrs. A.H. Montijn for appointment as members of the Supervisory Board

Oil Platform Ablaze in the Gulf of Mexico

Fire broke out on an unmanned oil platform in the Gulf of Mexico approximately five miles south of Port Fourchon, La., the Bureau of Safety and Environmental Enforcement (BSEE) reported.

Subsea Crane Takes a Long Journey

Last September the test bed in Rostock was the stage of a single lift of the RL-K 7500 subsea crane. The same crane was then loaded and shipped to the South Korean customer.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1889 sec (5 req/sec)