Eni's Scaroni Named Petroleum Executive of the Year for 2008

Energy Intelligence and the International Herald Tribune announced that Paolo Scaroni, Chief Executive Officer of Eni, will be honored as the recipient of the Petroleum Executive of the Year Award for 2008. Scaroni was chosen by his peers in a confidential annual selection process. This unique industry leadership award will be presented to him at a special banquet at The Dorchester hotel in London on October 28, the centerpiece of the annual Oil & Money Conference, convened by Energy Intelligence and the International Herald Tribune.

Scaroni became CEO of Eni in June of 2005. From 2002 he was CEO of Italy's leading electric utility, Enel, and prior to that he enjoyed a wide ranging career in international business. Scaroni began his career at Chevron in 1969 after graduating with an economics degree from Milan's prestigious Bocconi University. He also received an MBA from Columbia University in New York in 1973. He then worked in a series of industrial management and senior executive positions in France and the UK at Saint Gobain, Techint and Pilkington. Unusually for a top petroleum executive, Scaroni has also held senior executive leadership positions at major firms in other industries in both the public and private sectors.

"The process by which the winner of this award is selected is particularly noteworthy and assures that the selection is fully representative of the views of the industry," says Raja W. Sidawi, Chairman of Energy Intelligence. Nominations for the award were solicited from the chief executives and other senior managers of over 100 of the world's largest oil and gas firms, as they appear in the annual rankings by Petroleum Intelligence Weekly. The nominations were then reviewed by the previous winners of the award, who made the selection.

Previous winners of the Petroleum Executive of the Year Award are: Abdullah al-Attiyah (2007), Dr. Shokri Ghanem (2006), Abdallah Jum'ah (2005), David O'Reilly (2004), Lee Raymond (2003), James J. Mulva (2002), Sir Mark Moody-Stuart (2001), Thierry Desmarest (2000), Lucio Noto (1999), Luis E. Giusti (1998), and The Lord Browne of Madingley (1997).