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Saipem Board Confirms Vergine as CEO

Posted by May 9, 2014

Umberto Vergine (Courtesy Saipem)

The Board of Directors of Saipem S.p.A. convened today and, in compliance with the resolutions taken by the Shareholders’ Meeting on May 6, 2014, confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A.

The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code promoted by Borsa Italiana to ascertain that the Directors Francesco Carbonetti, Rosario Bifulco, Nella Ciuccarelli, Federico Ferro-Luzzi, Guido Guzzetti, Enrico Laghi and Nicla Picchi meet the independence requirements and Corporate Governance Code.

The Board of Statutory Auditors, in turn, ascertained the correct application of criteria applied by the Board of Directors.

Saipem shares are held by Umberto Vergine (420 shares).

saipem.com

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