Former Eni Chief Scaroni to Join Rothschild as Deputy Chairman

Reuters

LONDON, June 20 (Reuters) – Paolo Scaroni, the former chief executive of Italian oil and gas company Eni, is to join investment bank Rothschild as deputy chairman, Rothschild said on Friday.

Scaroni, who headed state-owned Eni from 2005 until last month, will join Rothschild in July and work closely with the group's Global Financial Advisory unit, the bank said in a statement.

Scaroni, who is under investigation over corruption charges involving oil services group Saipem, left Eni after its shareholders approved a new board for the company.

Italian Prime Minister Matteo Renzi has urged state-controlled companies to eject from their boards any director charged of financial crimes in a drive to fight corruption.

The 67-year-old was in March sentenced to three years in prison by an Italian court over inadequate environmental standards at a plant during his tenure at utility Enel .

He said at the time he would appeal the verdict.

(Reporting by Clare Hutchison, editing by William Hardy)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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