Eni and Cdp Industria will present a joint list of candidates in view of the Saipem shareholders’ meeting on 30 April, with Silvia Merlo as president and Francesco Caio as CEO. what is reported by a joint note of the two groups. As required by the shareholders’ agreement between the two companies, Eni and Cdp Industria will present the following candidates: Silvia Merlo, Francesco Caio, Alessandra Ferone, Pier Francesco Ragni, Marco Reggiani, Paola Tagliavini. Francesco Caio, explains the note, the candidate possessing the specific professional skills for the appointment as CEO of the company. The deposit with Saipem will be made within the terms and in the manner prescribed by law, by the Articles of Association of Saipem, by the notice calling the Shareholders ‘Meeting and by the shareholders’ agreement.
Caio, the manager’s long career
President of Saipem since 2018 and president of Ita since June 2020, Francesco Caio was therefore a candidate by Eni and Cdp for the role of CEO of Saipem. He will replace Stefano Cao until today at the helm of the solutions provider for the energy and infrastructure sector. Born in 1957 and graduated in electronic engineering from the Milan Polytechnic in 1980, he began his career at Olivetti and Sarin. Between 1986 and 1991 he worked for McKinsey & Company and then returned to Olivetti from 1991 until 1992 where he conducted a corporate review process that led to the identification of the telecommunications services branch as the area with the best growth prospects. This process, in 1993, led to the foundation of Omnitel, the first private mobile telephone operator in Italy. Caio held the position of CEO until 1996. Then Vittorio Merloni appointed him CEO of his company. In 2000, after he founded them and became Chief Executive of Netscalibur. In 2003, Cable & Wireless, the second largest British telecommunications group, called him to restore balance sheets by appointing him Group Chief Executive. Subsequently he goes to Lehman Brothers and from 2011 to 2013, he takes over the helm of Avio. In 2014, he arrives at the helm of Poste Italiane with the position of CEO.