2. Board of Directors
Curricula vitae
An overview of the curriculum vitae of each director is provided below.
Lorenzo Bini Smaghi
Born in Florence in 1956.
Lorenzo Bini Smaghi graduated from the Catholic University of Leuven with a degree in Economics in 1978, and two years later earned a Master of Arts in Economics from the University of Southern California and a degree in Political Sciences from the University of Bologna.
In 1988 he was awarded a PhD from the University of Chicago.
He has been Chairman of SACE S.p.A. and a member of the Board of Directors of the European Investment Bank, Finmeccanica and MTS S.p.A. Between June 2005 and November 2011 he was a member of the Executive Committee of the European Central Bank.
Between October 2013 and March 2014 he was a non-executive director of Morgan Stanley International.
Since May 2014 he has been an independent director of Société Générale, where he held the position of Vice-Chairman until 19 May 2015 and is now Chairman of the Board of Directors.
Since August 2014 he has been an independent director of Tages Holding.
He is a Visiting Scholar at the Harvard Weatherhead Center for International Affairs.
Lorenzo Bini Smaghi is also a member of the “A-List” (a group of commentators for the Financial Times) and is Chairman of the Palazzo Strozzi Foundation in Florence and the Italian Chapter of the Alumni of the University of Chicago.
He was Chairman of the Board of Directors of Snam Rete Gas S.p.A. between 1 January 2012 and 26 November 2012. Since 15 October 2012 he has been Chairman of Snam.
Carlo Malacarne
Born in Pavia in 1953.
Having obtained a degree in Electronic Engineering, after a brief period at Selecontrol, Carlo Malacarne began his Snam career in the gas transportation department. In 1990 he was appointed Area Operational Manager, with responsibility for the construction and operation of gas pipelines, as well as promoting commercial initiatives to support the sale of natural gas. Subsequently, as Head of Telecoms and Process Systems, he helped to restructure Eni’s telecoms systems, overseeing the transfer of the Snam business unit to Nuova Società di Telecomunicazioni, of which he was appointed CEO.
In March 1998, he was appointed Constructions Manager, tasked with ensuring that investments both in Italy and abroad were executed properly. Alongside this role, he also became a member of the construction committee of TENP, the pipeline that transports gas from the North Sea to Italy, and of TAG, the pipeline designed to carry Russian natural gas to Italy via Austria, actively participating in the implementation of two pieces of strategic infrastructure for the transportation of gas along Europe’s main energy corridors. In July 1999, he was appointed Head of Operations for the Italian Network, overseeing the running of the gas transportation network in Italy and the Panigaglia LNG terminal.
In July 2001 he was appointed General Manager of Operational Activities of Snam Rete Gas, ahead of the company’s stock market flotation, and Chairman of the Board of Directors of GNL Italia, the company that runs the Panigaglia LNG terminal.
Between December 2005 and the beginning of May 2006, he was General Manager of Snam Rete Gas, overseeing commercial activities, planning, transportation network management and the dispatching service, in addition to his managerial duties.
Since 26 November 2012 he has also been Chairman of its subsidiary Snam Rete Gas. He is a member of the general council of Confindustria and of Assolombarda, as well as a member of several technical bodies, including the chairmanship committee of the Comitato Italiano Gas (CIG) and the steering committee of the Associazione Tecnica Italiana del Gas (ATIG). Between 1997 and 2000, he chaired the transportation commission of the International Gas Union (IGU). He was Chairman of Confindustria Energia between November 2013 and October 2015. He has also been CEO of Mariconsult and a Board member of several international companies, including Transitgas, which operates the gas transportation system between the north and south of Switzerland, Sergaz and Scogat, the companies responsible for the construction and management of the Tunisian section of the Transmed gas pipeline.
Since 8 May 2006 he has been CEO of Snam.
Sabrina Bruno
Born in Cosenza in 1965.
Sabrina Bruno has been an Associate Professor of Commercial Law at the Faculty of Economics of the University of Calabria since 2002. She obtained a national qualification as a full professor of Commercial Law in 2016 and of Comparative Law in 2013.
She has worked as a contract lecturer in Business and Company Law at LUISS G. Carli in Rome since 2006. She was also a researcher in commercial law at the University of Calabria from 1993 to 2001. She has been registered as a lawyer in the special Register of the Rome Law Society since 1991. She was a Fulbright Visiting Scholar at Harvard Law School in 2010. She completed a research doctorate in Comparative Private Law and European Community Law at the University of Florence in 1995. Sabrina Bruno completed a three-year Master of Letters (M. Litt.) degree at Oxford University in 1994. She graduated with honours in Law at LUISS G. Carli in 1987. She was an independent non-executive director and Chairman of the Control and Risk Committee of Banca Profilo S.p.A. between 2012 and 2015, and was appointed a standing auditor of Telecom Italia S.p.A. in 2012.
She has been an Academic Member of the European Corporate Governance Institute since 2014 and a member of the Scientific Committee of the Bruno Visentini Foundation since 2010. She has also been a member of the Italian Linacre Society since 1995.
She is the author of two monographs and various articles and essays on corporate law and corporate governance. Since 26 March 2013 she has been Director of Snam.
Alberto Clô
Born in Bologna in 1947.
Alberto Clô is a former full professor of Applied Economics at the University of Bologna. He is Director in charge of Energia magazine and a member of scientific committees for national and international magazines. He was Minister for Industry and Foreign Trade in the Dini government and Chairman of the EU Council of Ministers of Industry and Energy in the first half of 1996. He is currently an independent director of Atlantia, De Longhi and Gruppo Editoriale L’Espresso. Since 26 March 2013 he has been Director of Snam.
Francesco Gori
Born in Florence in 1952. After earning a high-school diploma from a liceo classico in Italy, Francesco Gori graduated in Economics and Commerce with the highest grade and honours from the University of Florence.
He joined Pirelli in 1978, where, after gaining a range of experience in Italy and abroad, he was appointed General Manager of the Pneumatics division in 2001, CEO of Pirelli Tyre in 2006 and, in 2009, General Manager of Pirelli & C. From 2006 to 2011, for two consecutive terms, he was elected Chairman of ETRMA, the European Tyre & Rubber Manufacturers’ Association. In 2012, he decided to leave the Pirelli group. Between 2013 and 2015 he was an Industrial Advisor at Malacalza Investimenti, the second-largest shareholder of Pirelli until the company was delisted from the Italian stock exchange.
Since 2014, he has been an Industrial Advisor at the CCR fund of Idea Capital Funds SGR (Gruppo de Agostini), and since 2015 a non-executive director on the board of Apollo Tyres, India’s leading tyre company. Since 2015 he has been a non-executive director of Car Affinity S.r.l., and he is also an independent director of Messaggerie Italiane S.p.A. He is also a director of the Italian branch of Plan International, one of the world’s largest child sponsorship NGOs. Since 26 March 2013 he has been Director of Snam.
Yunpeng He
Born in Baotou (Inner Mongolia, China) in 1965. Yunpeng He obtained a Specialised Degree in Electrical Systems and Automation from the University of Tianjin and a Master’s in Technology Management from the Rensselaer Polytechnic Institute (RPI). He is currently a director of CDP Reti S.p.A. and Terna S.p.A. He has also held the following key roles at the State Grid Tianjin Electric Power Company: Vice Chief Technical Officer (CTO) between December 2008 and September 2012; Director of the Economic and Legal department between June 2011 and September 2012; Director of the Planning and Development department between October 2005 and December 2008; and Director of the Planning and Design department between January 2002 and October 2005. In addition to these roles, he was Head of the Tianjin Binhai Power Company between December 2008 and March 2010 and Chairman of the Tianjin Electric Power Design Institute between June 2000 and January 2002. Since 26 January 2015 he has been Director of Snam.
Andrea Novelli
Born in San Benedetto del Tronto (AP) in 1978. Andrea Novelli graduated with honours from the Bocconi University in Milan with a degree in Business Economics in 2002. He joined CDP in 2004, assuming responsibility for the Planning and Management Control department. Between 2009 and January 2014 he held the position of Head of Administration, Planning and Control; between January 2014 and September 2014 he was Head of Administration, Finance and Control; and between October 2014 and July 2015 he was General Manager of Cassa Depositi e Prestiti S.p.A. Since 15 October 2012 he has been Director of Snam.
Elisabetta Oliveri
Born in Varazze (SV) in 1963. Elisabetta Oliveri graduated with honours from the University of Genoa with a degree in Electronic Engineering. She has held senior positions at a number of multinational companies. She was first General Manager and later CEO of Sirti S.p.A., and sat on the board of ATM – Azienda Trasporti Milanesi S.p.A. between 2011 and 2014.
She is currently CEO of Gruppo Fabbri Vignola S.p.A. and a member of the Board of Directors of Gruppo L’Espresso S.p.A., Eutelsat S.A. and Banca Farmafactoring S.p.A. She is also the Chairman and founder of the non-profit Furio Solinas Foundation. She is a Knight of the Italian Republic. Since 27 April 2010 she has been Director of Snam.
Pia Saraceno
Pia Saraceno was born in Morbegno (SO) in 1945.
She earned a degree in Economics from the Bocconi University before undertaking a Master’s in Development Economics at Cambridge University.
After a period spent working at Montedison, she joined IRS in 1976 and became a director in 1980, taking over as Chairman from 1998 to 2000.
She was CEO of REF from 2000 to 2011 and now serves as Chairman of REF-E, following its establishment in 2012. She has also carried out research on macroeconomic analysis and sponsored and advised on research into federalism and industry. In 1999 Saraceno set up Osservatorio Energia and began to promote further research into the liberalisation of the energy sector and environmental issues, which in recent years have become her major areas of interest. Saraceno also has an academic career: since 2011 she has taught Energy Economics and the Management of Environmental Assets on the Master’s course in Economics & Management run by the Catholic University of Milan.
Since 26 March 2013 she has been Director of Snam.