New CEO for Saipem

The Board of Directors of Italian contractor Saipem has appointed Stefano Cao as the company’s new Chief Executive Officer.

Stefano Cao will replace Saipem’s previous CEO Umberto Vergine, who was appointed back in December 2012.

The appointment comes expected, after Italy’s oil & gas major Eni, which owns 43% of Saipem, nominated Cao for this position.

Furthermore, during the company’s shareholder’s meeting , the new Board of Directors was appointed, with Paolo Andrea Colombo as its Chairman.

Cao was born in Rome in 1951, and graduated in Mechanical Engineering. He began his career with the ENI group in 1976, initially with Saipem, which he left in 2000 as executive chairman and subsequently at ENI, which he left in 2008 as chief operating officer of the exploration & production division.

He serves as a non-executive director at Petrofac, a director at Autostrade per l’Italia S.p.A. and Aeroporti di Roma S.p.A. and is a member of the advisory board of Ambienta SGR.

Share this article

Follow Subsea World News

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Global Petroleum Show (GPS)

The Global Petroleum Show Conference is a comprehensive three-day program where…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Decom Offshore 2019

As an established industry event, Decom Offshore 2019 provides delegates with the valuable opportunity to network…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >