Government discusses renewal of ENI, Enel and Poste boards

The Italian government is to renew the board of directors of Italian oil group ENI, Italian electricity group Enel and the post office Poste. Sources say that Massimo Sarmi is to replace Corrado Passera as managing director of Poste and Vittorio Mincato will be confirmed as chairman of ENI. Stefano Cao, who is currently managing director at Italian oil contractor Agip, may be appointed managing director of ENI. Another candidate for this position is Fabrizio d’Adda, the current chairman of petrochemicals group Enichem.

Franco Tato, the current managing director of Enel, may be appointed chairman and Giuseppe Monorchio managing director. However, Mr Tato may turn down the position as it would mean having to give up his operational responsibilities. He may instead choose to leave the group. Some sources say that Piero Gnudi, chairman of Italian state-owned holding company IRI may replace him.