CDP RETI: Appointment of the Chairman and Chief Executive Officer

Rome, 20 February 2019 h. 11:32 – The Board of Directors of CDP RETI Spa announces that, today, Massimo Tononi and Fabrizio Palermo have been appointed as Chairman and Chief Executive Officer.

The appointment, in coordination with the Parent Company Cassa depositi e prestiti Spa, follows the resignations made by the directors Carlo Baldocci and Leone Pattofatto, former Chairman and Chief Executive Officer.

CDP RETI Spa is an investment vehicle owned by Cassa depositi e prestiti Spa (59.1%), State Grid Europe Limited, a member of State Grid Corporation of China Group (35%), and a group of Italian institutional investors (5.9%). CDP RETI’s mission is to manage the investments in SNAM Spa (30.37%), TERNA Spa (29.85%) and ITALGAS Spa (26.04%).