ENEL: Ferraris is new Head of LatAm area, De Paoli is new CFO

ENEL: Ferraris is new Head of LatAm area, De Paoli is new CFO
Alberto De Paoli appointed as CFO of Enel S.p.A.He will replace Luigi Ferraris, who will become head of the Latin America area.

The Board of Directors of Enel S.p.A. (“Enel” or the “Company”), chaired by Patrizia Grieco, acting upon the favourable opinion of the Board of Statutory Auditors, today appointed Alberto De Paoli as the officer responsible for the preparation of the corporate financial reports of Enel S.p.A.. starting from November 12th, 2014, when he will replace Luigi Ferraris as the Chief Financial Officer of the Company.

As of November 12th, Mr. Ferraris will replace Ignacio Antonanzas Alvear as the head of Latin America area operations and will also become Gerente General of the Chilean subsidiary Enersis.

The Board of Directors of Enel expressed its appreciation to Ignacio Antonanzas Alvear for his efforts over the last several years and the important results he achieved at the helm of Endesa’s operations in Latin America.

The Board of Directors of Enel also agreed a number of changes in the composition of the board of directors (“Directorio”) of Enersis, specifically the appointments of Jorge Rosenblut (designated as the new Chairman), Carolina Schmidt and Alberto De Paoli to replace the resigning directors Pablo Yrarrázaval Valdes (the outgoing Chairman), Leonidas Vial Echeverria and Luigi Ferraris.

Francesco Starace, CEO of the Enel Group, said: “I am very pleased to be able to appoint Luigi Ferraris, the most senior member of my executive team, at the helm of our Latin America operations. This appointment underscores our commitment to the plans we have for the Latin American region, and the importance we attach to the region as one of the building blocks of our future strategy. Chile is a hub for the Group in a region where we will invest heavily to drive sustainable growth, and we will boost innovation through the use of the technology to further strengthen our relationships with customers and communities.”

Luigi Ferraris

Graduated in Economics at Genoa University, he began his professional career at Price Waterhouse. Afterwards, he held several managerial positions worldwide, working for leading industrial companies such as Piaggio, Sasib Beverage and Elsag Bailey Process Automation, a NYSE-listed company. Mr Ferraris joined the Enel Group in 1999 to take up the role of Chief Financial Officer at Eurogen, Elettrogen and Interpower. In 2002 he became Head of Planning, Control, Administration and Services of the ‘Infrastructure and Networks’ and ‘Market’ Divisions. In 2004 Mr Ferraris became Head of Planning and Control and in 2005 he became Head of the Administration, Planning and Control Area. In 2009, he took the position of Chief Financial Officer of the Enel Group. Mr Ferraris is also Chairman of the Board of Directors of Enel Green Power as well as Board Member of Endesa and Enersis.

Alberto De Paoli

Graduated in Economics at “La Sapienza” University of Rome, from 1993 to 2008 he has been working in the telecoms sector where he held several managerial positions in Telecom Italia, Wind Telecomunicazioni (including that of Head of Planning and Control, Head of Strategies and Mergers and Acquisitions, Chief Financial Officer as well as Executive Assistant to the CEO). Again in the telecoms sector, Mr De Paoli has been working for Tiscali, where he was Head of Strategies, Mergers and Acquisitions as well as Business Development. At Enel Green Power, he held the position of Chief Financial Officer from April 2008 to April 2012. As Chief Financial Officer of EGP, he led the start-up and listing of the Company. Up until today since May 2012, Mr De Paoli has been Head of Group Strategy at Enel.