Fabrizio Palermo was born in

Perugia Perugia ( , ; ; ) is the capital city of Umbria in central Italy, crossed by the River Tiber. The city is located about north of Rome and southeast of Florence. It covers a high hilltop and part of the valleys around the area. It has 162,467 ...

February 5, 1971. Palermo was chief executive officer and General Manager of

Cassa depositi e prestiti Cassa Depositi e Prestiti S.p.A., also known as CDP S.p.A., is a prominent Italian development bank founded on November 20, 1850, in Turin. Its original duty was to finance public works like roads and waterworks during the reign of Victor Emman ...

S.p.A. (CDP) and is currently the

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

and

General Manager A general manager (GM) is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of ...

of Acea.

Early life and education

Palermo graduated with honors in Business and Economics from

La Sapienza University The Sapienza University of Rome (), formally the Università degli Studi di Roma "La Sapienza", abbreviated simply as Sapienza ('Wisdom'), is a Public university, public research university located in Rome, Italy. It was founded in 1303 and is ...

Rome Rome (Italian language, Italian and , ) is the capital city and most populated (municipality) of Italy. It is also the administrative centre of the Lazio Regions of Italy, region and of the Metropolitan City of Rome. A special named with 2, ...

in 1994.

Career

Palermo began his career in 1995, in the Investment Banking Division at

Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

, where he was responsible for equity and bond placements, corporate mergers and acquisitions. From 1998 until 2005, Palermo was a strategic consultant at

McKinsey & Company McKinsey & Company (informally McKinsey or McK) is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinse ...

, specialising in corporate restructuring, transformation and turnaround projects for major industrial and financial groups. In 2005, Palermo joined the

Fincantieri Fincantieri S.p.A. () is an Italian shipbuilding company based in Trieste, Italy. Already the largest shipbuilder in Europe, after the acquisition of Vard in 2013, Fincantieri group doubled in size to become the fourth largest in the world (2014 ...

Group as Business Development and Corporate Finance Director, reporting to the CEO, before taking on the role of Chief Financial Officer (2006-2014) and then Deputy General Manager (2011-2014). From 2014 to 2018, he was

chief financial officer A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances; i.a.: financial planning, management of financial risks, ...

and Financial Reporting Officer at

Group, with responsibility for postal and bond funding, liquidity management, investment portfolio management and Group Asset and Liability Management (ALM). Since 2017, Palermo has been a member of the Italian-French committee for the alliance project between Fincantieri and the Naval Group, a European shipbuilder. On 27 July 2018, Palermo was appointed

, on 4 October 2018, he also took up the position of General Manager. He has also served as a board member of Fincantieri USA Inc., Vard Group AS, Vard Holdings Limited, Risparmio Holding S.p.A. and Equam S.p.A. and as a member of the Italian Recovery Fund (formerly Atlante II) investor committee. He was

of CDP RETI S.p.A from 2019 to 2021 and co-chairman of the Italy-China Business Forum. On 26 September 2022, Parlermo was appointed

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of Acea and in May 2023 also became

Other activities

Corporate boards

* Assonime, Member of the Board of Directors (since 2020) * Fincantieri S.p.A, Member of the Board of Directors * Open Fiber S.p.A., Member of the Board of Directors * Fondo Atlante, Member of the Investor Committee * CDP Equity S.p.A., chair of the Board of Directors (2018–2019)

Non-profit organizations

* Centro Studi Americani, Member of the Board of Directors (since 2018) Palermo was a member of the advisory board of the Italian Presidency of the B20.

Controversy

In 2023, Italian daily newspaper ''

La Repubblica (; English: "the Republic") is an Italian daily general-interest newspaper with an average circulation of 151,309 copies in May 2023. It was founded in 1976 in Rome by Gruppo Editoriale L'Espresso (now known as GEDI Gruppo Editoriale) and l ...

'' ran articles citing Acea staff as saying Palermo had been abusive towards female hostesses working at the company. In response, Acea's board reaffirmed its "full confidence" in Palermo.Alvise Armellini (9 February 2023)
Italy's Acea backs CEO after reports of abusive behaviour
''

Reuters Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

''.

References

{{DEFAULTSORT:Palermo, Fabrizio Italian chief executives Sapienza University of Rome alumni Chief financial officers 1971 births Living people