Snam : Board of Directors appoints Marco Alverà Chief Operating Officer

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Jan '1608

08 January 2016 - 17:45 CET

TAGS Chief Operating Officer, management

San Donato Milanese, January 8, 2016 - The Board of Directors of Snam, which met today under the chairmanship of Lorenzo Bini Smaghi, has on the proposal of the CEO and in agreement with the Chairman, appointed Marco Alverà as Chief Operating Officer.

Marco Alverà's appointment will be effective from January 15, 2016 and he will report to the CEO, integrating the necessary corporate functions. He will oversee the promotion and reinforcement of the Group's growth by supporting the strategic development of Snam on the international and domestic natural gas market.

The Board of Directors, upon the appointment, has confirmed that the new Chief Operating Officer meets the necessary regulatory and statutory requirements. The candidacy has been scrutinized by the Appointments Committee and the Compensation Committee in relation to their respective duties.

A graduate in Philosophy and Economics from the London School of Economics, Marco Alverà has considerable experience in the natural gas business and, more generally, in the energy sector. During his career he has held positions of increasing responsibility first at Enel, where between 2002 and 2004 he closely followed the development of the gas business of the company and the IPO of Terna, and at Eni, where between 2005 and 2015 he managed the most important domestic and international matters in the natural gas business.

The complete curriculum vitae of the Chief Operating Officer is available on the Company's website at www.snam.it.