Eni, new corporate structure approved
Eni has started a deep strategic reorganization under the leadership of CEO Claudio Descalzi, shifting the focus to value creation through the entry of partners and the listing of companies related to the energy transition. The new corporate structure, announced in Abu Dhabi on 12 September, represents a significant step forward to accelerate the path towards decarbonisationmaximize value creation and best manage operational challenges.
The new organization sees the appointment of two general managers: Francesco Gattei, current CFO, and Guido Brusco, head of the Natural Resources division. With this dual leadership, the aim is to optimize both economic and financial management and the development of natural resourcescreating a synergy between Eni’s traditional businesses and new initiatives linked to the energy transition.
Descalzi explained that the organizational change aims to strengthen operational excellence, accelerating the industrial transformation of crucial sectors such as chemicals and downstream. The key words here are efficiency, innovation and integration, with the aim of maximizing operational performance and reducing the time between discovery and production in oil fields.
A pillar of the strategy is the development of satellite companies in traditional sectors and in the new areas related to the energy transition. We are talking about companies like Strong Energy in Norway and Blue in Angola, already consolidated in the Oil & Gas sector, but also of emerging companies such as fullness and Eniliveoperating in the renewable energy sector. The entry of strategic partners and the listing of these companies on the stock exchange are seen as levers to create further value, aimed both at the growth of new businesses linked to decarbonisation and at the remuneration of shareholders.
In parallel, Eni is pushing for new industrial initiatives such as biorefineriesCO2 capture and storage, and strengthening the integration between the Oil & Gas activities and the Power and Trading divisions. In particular, one sector that Eni is focusing on in this reorganization is the chemistryhistorically problematic in terms of profitability. The goal is to completely restructure the sector through new specialized, circular and organic platforms, and focus on the environmental remediation business.
The new three-division structure
Eni’s new organization is divided into three operating structures, each entrusted to a chief operating officer (COO), who will report directly to the CEO:
Chief Transition & Financial Officer (Francesco Gattei): this division will be responsible for implementing the group’s economic and financial strategy and managing the companies Plenitude and Enilive, with the aim of maximising their valorisation on the market.
Global Natural Resources (Guido Brusco): focused on the development of natural resources, this division will be integrated with the Power Generation & Marketing business and Trading Oil, also pushing on CO2 capture and storage projects and the creation of new agri-hubs.
Industrial Transformation (Giuseppe Ricci): an absolute novelty, this division will be dedicated to the industrial transformation of sectors such as chemicals and downstream, accelerating environmental remediation processes through Eni Rewind.
Another focal point of the new structure is the strengthening of the role of technology within the group. The Technology structure confirms itself as the center of competence for innovation, with a strong focus on research and development, digital, artificial intelligence and quantum technologies.
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