News of October 2019: Ansaldo Energia’s governing body delegated Giuseppe Marino as the organization’s new CEO. As per the public statement, at the executive gathering, delegates of the two investors, CDP Equity and Shanghai Electric, reaffirmed their duty to the organization, support for the new CEO and new trust in the president.
Marino will work with Chairman Giuseppe Zampini to determine the company’s strategy, especially with regard to the newly established Chinese joint venture. Taking into account the company’s experience and understanding of the international energy market, the Board of Directors subsequently decided to interim and co-trust the CEO with the CEO to provide certain representations in the direction of the company’s strategic areas, including technical areas and support for business activities, including those identifying with the Chinese JVs.
The delegates of the two investors, CDP Equity and Shanghai Electric, mutually repeated their duty to the organization, support for the new CEO and recharged trust in the president. Moreover, considering the up and coming business and budgetary difficulties, the shareholders stated that management actions pursue business growth and improved profitability from a long-term investment perspective.