Italy replaces Starace as Enel CEO

The Italian Government is set to replace utility Enel’s longstanding CEO Francesco Starace with Flavio Cattaneo, who is currently executive vice president at rail operator Italo.

Starace has held the post since 2014 and is currently at the end of his third term as the company’s CEO, but has also reportedly not found favour with the country’s new government. The change is scheduled to be ratified by shareholders on 10th May.

Italy’s Treasury has also confirmed Claudio Descalzi will serve a fourth term as CEO of Italian oil giant Eni.

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