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Enel CEO considers replacing CFO Alberto De Paoli -Bloomberg News

Published 31/05/2023, 00:31
© Reuters. FILE PHOTO: A logo of Italian multinational energy company Enel is seen at the Milan's headquarters, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo//File Photo
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(Reuters) - Italy's Enel (BIT:ENEI) SpA CEO Flavio Cattaneo is considering restructuring the company's top management, including replacing Chief Financial Officer Alberto De Paoli, Bloomberg News reported on Tuesday.

Cattaneo, who was appointed as CEO earlier this month, is considering replacing De Paoli who has spent nearly a decade as the company's CFO, the report said citing people familiar with the matter.

Stefano De Angelis is said to be the top pick for the post, the report added, with De Paoli likely remaining with the company in an executive position.

© Reuters. FILE PHOTO: A logo of Italian multinational energy company Enel is seen at the Milan's headquarters, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo//File Photo

"Enel informs that currently no decisions have been made concerning appointments or changes within the company's top management," a spokesperson for Italy's biggest utility said on Wednesday.

This comes weeks after the Italian government won a vote over who should run the country's largest-listed company after a challenge from London-based hedge fund Covalis Capital failed to gain traction.

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