Paolo Scaroni (born 28 November 1946) is an Italian businessman and banker, currently the chairman of

Enel Enel S.p.A. is an Italian multinational manufacturer and distributor of electricity and gas. Enel was first established as a public body at the end of 1962, and then transformed into a limited company in 1992. In 1999, following the liberali ...

and A.C. Milan. Between 2002 and 2014 he has been chief executive officer of Italian energy companies

and

Eni Eni is an Italian oil and gas corporation. Eni or ENI may refer to: Businesses and organisations * Escuela Nacional de Inteligencia, the Argentine intelligence academy * Groupe des écoles nationales d’ingénieurs (Groupe ENI), a French engi ...

Education

In 1969, Scaroni graduated from Bocconi University of Milan in the field of economics. In 1973, he obtained an MBA from

Columbia Business School Columbia Business School (CBS) is the business school of Columbia University, a Private university, private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and one of ...

Career

In 1969, Scaroni joined Chevron Corporation for three years. After obtaining MBA, Scaroni was an associate at McKinsey & Company. In 1973, he joined Saint-Gobain, where he held different positions, culminating with his appointment as president of

flat glass Plate glass, flat glass or sheet glass is a type of glass, initially produced in plane form, commonly used for windows, glass doors, transparent walls, and windscreens. For modern architectural and automotive applications, the flat glass is s ...

division. In 1985, he was appointed CEO of Techint. In 1996, he moved to the United Kingdom to become chief executive officer of

Pilkington Pilkington is a glass-manufacturing company which is based in Lathom, Lancashire, England. It includes several legal entities in the UK, and is a subsidiary of Japanese company Nippon Sheet Glass (NSG). It was formerly an independent company ...

Enel and Eni

From May 2002 to May 2005, he served as CEO of

, Italy's leading electricity company. At Enel, Scaroni made a real breakthrough by abandoning the traditional multi-utility corporate model, supported by his predecessor Franco Tatò, in favour of placing greater focus on the core energy business. Under his mandate, Enel created a separate wind energy unit and, for the first time, Enel was included in the Dow Jones Sustainability Index. In 2005, he was appointed CEO of ENI, the Italian multinational energy company, considered one of the seven world supermajors. In his nine years at ENI, Scaroni reduced the weight of oil in favour of natural gas, seen as an intermediate transition combustible in the path toward even more sustainable sources. In 2012, Eni was included in the Carbon Performance Leadership Index, which scores companies based on their commitment to transparency and environmental leadership. During Scaroni's tenure, ENI's net worth increased from €39 billion to €61 billion. He left his role in 2014.

A.C. Milan

On 21 July 2018, he became chair () of A.C. Milan, after the club was taken over by Elliott Management Corporation. He was one of the eight directors of the club after the takeover by Li Yonghong. In June 2020, Li accused Scaroni of having a conflict of interest in the club's management. Among other issues, Li cited Scaroni's position as deputy chairman of Rothschild Italia (which advised on the acquisition of the club), as well as his prior business relationship with Elliott. AC Milan won the Scudetto Serie A in 2021–2022 with Scaroni as President of A.C. Milan on 22 May 2022, and he was confirmed in his position as chairman in September 2022, following the acquisition of Milan by US fund RedBird.

Other current and past roles

In addition to his executive management position, Scaroni, has or has had numerous non-executive roles, amongst which: * Deputy Chairman of Rothchild & Co. * Vice Chairman of the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

* Chairman of Giuliani Group srl * Chairman of Sicura SpA * Chairman of Alliance Unichem * President of

Vicenza Vicenza ( , ; or , archaically ) is a city in northeastern Italy. It is in the Veneto region, at the northern base of the Monte Berico, where it straddles the Bacchiglione, River Bacchiglione. Vicenza is approximately west of Venice and e ...

* board member of Veolia Environment * board member of

BAE Systems BAE Systems plc is a British Multinational corporation, multinational Aerospace industry, aerospace, military technology, military and information security company, based in London. It is the largest manufacturer in Britain as of 2017. It is ...

* board member of ABN AMRO * board member of Alstom * board member of Assicurazioni Generali * Member of Board of Overseers of

* Member of Board of Overseers of Fondazione Teatro La Scala * Member of International Advisory Council of Bocconi University

Political and economic views

Paolo Scaroni has never taken political positions supporting one particular party or coalition, and is considered as having excellent relationship and supporters across the political spectrum. When questioned on energy transition and

sustainability Sustainability is a social goal for people to co-exist on Earth over a long period of time. Definitions of this term are disputed and have varied with literature, context, and time. Sustainability usually has three dimensions (or pillars): env ...

he has often stressed that renewable energy sources alone won't be sufficient to achieve the ambitious reduction goals that

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

has set. According to Scaroni such goals can only be met if, in addition to the use of renewables, a strong emphasis is put on energy efficiency measures and a pervasive reengineering of industrial processes. He also is an advocate of the use of

nuclear energy Nuclear energy may refer to: *Nuclear power, the use of sustained nuclear fission or nuclear fusion to generate heat and electricity *Nuclear binding energy, the energy needed to fuse or split a nucleus of an atom *Nuclear potential energy, the pot ...

as a way to reduce .

Honours

In 2004, Scaroni was decorated as Cavaliere del Lavoro. In November 2007 Scaroni was decorated as a member of the

Légion d'honneur The National Order of the Legion of Honour ( ), formerly the Imperial Order of the Legion of Honour (), is the highest and most prestigious French national order of merit, both military and Civil society, civil. Currently consisting of five cl ...

Tangentopoli

In his career Paolo Scaroni has been involved in a few judicial proceedings. As part of the massive " Tangentopoli" scandal that brought down Italy's post-war political parties, in 1996, Scaroni was sentenced to one year and four months in prison (below the limit of execution of the sentence), and the offence was finally declared extinct by

Milan Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...

tribunal in 2001. Subsequently, in his roles as CEO of ENEL and ENI, he was involved in three judicial investigations (ENEL Porto Tolle, ENI/Saipem Algeria, ENI/Shell Nigeria) but, on those, he was definitively acquainted in 2017, 2020, and 2022 respectively.

References

External links

Biography of Paolo Scaroni (Eni Foundation's website)

Blog about Paolo Scaroni

Biography of Paolo Scaroni (Generali website)

Paolo Scaroni on Forbes

* ttp://www.30percento.it/la_nostra_efficienza/paolo-scaroni-curriculum-vitae.htm Biography of Paolo Scaroni (Eni 30percento's website)
Biography of Paolo Scaroni (eventi Eni's website)

Biography of Paolo Scaroni (Eni Scuola's website)

Biography of Paolo Scaroni (Eni award's website)

Human rights watch
{{DEFAULTSORT:Scaroni, Paolo Living people 1946 births Bocconi University alumni Eni people Recipients of the Legion of Honour Columbia Business School alumni Italian chief executives McKinsey & Company people AC Milan directors AC Milan chairmen and investors