Saipem Appoints New CEO
Saipem (BIT: SPM) has revealed that its board of directors has appointed Francesco Caio as the company’s new chief executive officer and general manager.
Caio takes over from Stefano Cao, who was appointed as the company’s chief executive officer back in April 2015. Following his appointment, Caio has been granted the powers to manage the company, with the exception of specific responsibilities that are reserved for the board of directors and those that are not to be delegated under current legislation, Saipem outlined.
Saipem’s website states that Caio has considerable experience in Italy and abroad as a chief executive officer of multinational companies, both public and private, operating in the industrial sector, advanced technology, finance, and telecommunications such as Olivetti, Omnitel, Merloni Eldo SpA, Netscalibur, Lehman Brothers, and Avio.
Caio has been on the board of directors for multinationals in the United States, England, France, and Italy and was a director for the government initiative on digital technologies and broadband. He became the chairman of Saipem back in 2018 and in 2020 was also appointed chairman of the board of ITA (Italia Trasporti Aerei).
Saipem’s new board of directors for 2021, 2022, and 2023 - which was set at the company’s recent shareholders’ meeting on April 30 - comprises:
- Silvia Merlo
- Francesco Caio
- Roberto Diacetti
- Alessandra Ferone
- Patrizia Michela Giangualano
- Pier Francesco Ragni
- Marco Reggiani
- Paul Simon Schapira
- Paola Tagliavini
Saipem is a leading company in the engineering, drilling, and construction of major projects in the energy and infrastructure sectors, according to its website, which highlights that the business is present in 60 countries and has a staff of 32,000 people. The company, which has been present in the sector for 60 years, is headquartered in Milan, Italy.
To contact the author, email andreas.exarheas@rigzone.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension