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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Wärtsilä Expects 5% Sales Growth

Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter

MacGregor Reorganizes into 7 Operative Divisions

MacGregor, part of Cargotec, announces changes in its operative structure and starts a reorganization into seven operative divisions which will become effective on January 1, 2015.

Iridium Partners with Trimble to Support Expansion

Iridium Communications Inc. announced an agreement with Trimble that expands the company's use of satellite communications in its core Transportation and Logistics

Offshore

Ocean Installer Enters Australian O&G Market

Ocean Installer’s said that it has established office in Perth, Australia to meet demand for subsea construction services.  “This is the beginning of our presence

Nordic Wins with Noble

Nordic Maritime, a leading offshore service operator, today announced a five year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy,

Pemex Suspends Eviction of Workers in Campeche

Due to the behavior shown by the low pressure system in the Gulf of Mexico, whose career was diverted in the last hours, the Technical Analysis Group Emergency

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Ship Repair Ship Simulators 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: 0.3016 sec (3 req/sec)