Chairman of the board of directors of Enel since May 2023.

He is also currently chairman of the board of directors of AC Milan, Giuliani and Sicura.

With a bachelor’s degree in Economics from Bocconi University in Milan in 1969 and proficiency in four languages, he began his professional career at Chevron (1969-1971). After earning a master’s degree in Business Administration from Columbia University in New York (1972), he worked as a consultant at McKinsey & Company (1972-1973).

He joined Saint Gobain in 1973 and held various management positions in Italy (1973-1978) and Latin America (1978-1983). In 1983, he became head of Saint Gobain’s Flat Glass Division in Paris, assuming responsibility for all activities of that division worldwide, including serving as president and general manager of the Glass Division in France.

In 1985, he left Saint Gobain to join Techint as vice president and CEO. While at Techint, he also served as executive vice president of Falck (1986-1988), a company in which Techint was a major shareholder at the time, and also served as CEO of SIV (1993-1995), a company then owned equally by Techint and Pilkington.

In November 1996, he joined Pilkington as president of Automotive products worldwide. From May 1997 to May 2002, he served as CEO of Pilkington, then a world leader in flat glass production.

From May 2002 to May 2005, he was CEO of Enel.

From May 2005 to May 2014, he was CEO of Eni.

From May 2014 to May 2023, he served as deputy chairman of the Rothschild Group.

From 2000 to 2022, he held various non-executive positions, including deputy chairman of the London Stock Exchange and chairman of Alliance Unichem. He has also been member of the board of directors of Assicurazioni Generali, ABN Amro, Bae System, Alstom and Veolia.

In 2003 he was made a Cavaliere del Lavoro (Knight of Labor) and in 2013 a Commandeur of the Legion of Honor.