Enel, Bloomberg: CEO candidate aims to cut costs and confirm dividends

Enel sells assets in Peru to a Chinese company for

(Tiper Stock Exchange) – Is in the plans to accelerate cost cuts and maintain its dividend policy under the new management chosen by the Meloni government. Bloomberg writes it, citing people familiar with the matter. Last week the government indicated Flavio Cattaneo as the new CEO (in place of Francesco Starace) and Paolo Scaroni as president.

Cattaneo, former CEO of TIM And Triadis described as being supportive of asset sales strategy of Enel designed last year by his predecessor Francesco Starace, according to anonymous sources. Cutting Enel’s debt “won’t require changing the company’s dividend policy,” he stressed.

Several shareholders, such as the Covalis and Mondrian funds, have contested the government’s decision Italian, defining the process of appointing the board of directors as “non-transparent”.

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