The Board of Directors of Saipem S.p.A. convened today and, in compliance with the resolutions taken by the Shareholders’ Meeting on May 6, 2014, confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A, the company said in its press release.
The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code promoted by Borsa Italiana to ascertain that the Directors Francesco Carbonetti, Rosario Bifulco, Nella Ciuccarelli, Federico Ferro-Luzzi, Guido Guzzetti, Enrico Laghi and Nicla Picchi meet the independence requirements pursuant to art. 148, paragraph 3, of Legislative Decree 58/98, and art. 3 of the Corporate Governance Code. For the purposes of art. 37, paragraph 1, letter d) and paragraph 1 bis of Issuers’ Regulations, the Board of Directors is comprised of a majority of independent Directors (7 out of 9).
The Board of Statutory Auditors, in turn, ascertained the correct application of criteria applied by the Board of Directors.