Alberta Figari, here is the CV of Tim’s next president
All about Alberta Figari who will replace Salvatore Rossi as president of Tim. And there will be no Vivendi advisors on the group's next board. All the details
Everything is ready for Tim's new board: Pietro Labriola confirmed as company head, while Alberta Figari will be president of the group.
Here are all the details and Figari's complete CV.
WHAT THE TIM BOARD DECIDED
Tim's Board of Directors, which met yesterday under the chairmanship of Salvatore Rossi, completed the process of defining its own list of candidates for the renewal of the Board, which aims to be a majority.
The board yesterday also approved the list that will be presented in view of the renewal of the board (developed with the support of Spencer Stuart and the jurist Andrea Zoppini). It is led by Alberta Figari , Legance lawyer indicated as president, followed by Labriola confirmed as CEO, by the current directors Giovanni Gorno Tempini (Cdp), Paola Camagni and Federico Ferro Luzzi (independent), and by the entrepreneur Domitilla Benigni, CEO of the Legance group Elt defense.
These six names will have their places guaranteed in the event of the victory of the list and the favorable vote of the shareholders for the reduction of the members of the next board to 9 (3 would go to a possible minority list). The list includes 15 names in total, in case the assembly decides to maintain the current structure: after the first six there are Jeffrey Hedberg, (former CEO of Wind3), Paola Tagliavini, the current councilor Maurizio Carli, Romina Guglielmetti, Leone Pattofatto, Antonella Lillo, Andrea Mascetti, Enrico Pazzali (president of Fiera Milano) and Luca Rossi.
Three councilors abstained from the list: Marella Moretti, Cristiana Falcone and Giulio Gallazzi (the latter two had declared themselves unavailable for the renewal) representing Vivendi. However, the request to reduce the number of directors on the new board to 9 passed unanimously and will be submitted to the assembly.
In essence, on Tim's future board there will be no directors indicated by the group's largest shareholder, the French Vivendi.
TIM'S NOTE ON THE BOARD
In line with the guidelines on the optimal qualitative and quantitative composition of the Company's administrative body approved last 18 January – as stated in a press release – the Board of Directors has decided, unanimously, to propose the appointment, with a three-year mandate ( until the Assembly called to approve the financial statements as of 31 December 2026), of a Board composed of nine members, taking into account the business deterioration that will result from the execution of the Delayering Plan and consistently with the long-term trend in comparable companies , with the practice underway in various large listed companies and with the opportunity to contain the out-of-pocket costs of corporate governance.
Furthermore, not being able to exclude different decisions by the members regarding the quantitative composition of the Board, the Board decided – with the abstention of three Directors – to present a list of 15 candidates (number corresponding to the current size of the body) composed , in order, from:
1. Alberta Figari, new candidate, indicated as President*
2. Pietro Labriola, indicated as CEO, position he has held since 21 January 2022
3. Giovanni Gorno Tempini, Director since 31 March 2021
4. Paola Camagni, Director since 31 March 2021*
5. Federico Ferro Luzzi, Director since 31 March 2021*
6. Domitilla Benigni, new candidate*
7. Jeffrey Hedberg, new candidate*
8. Paola Tagliavini, new candidate*
9. Maurizio Carli, Director since 31 March 2021*
10. Romina Guglielmetti, new candidate*
11. Leone Pattofatto, new candidate*
12. Antonella Lillo, new candidate*
13. Andrea Mascetti, new candidate*
14. Enrico Pazzali, new candidate*
15. Luca Rossi, new candidate*
* Independent
This is a shortlist of candidates made up of 6 women and 9 men, for a total of 13 independent workers, selected in such a way as to guarantee, on the one hand, a certain degree of continuity that allows for the best valorisation of extraordinary activities and operations initiated by the outgoing Board and, on the other, to ensure the inclusion of high profile external candidates, with diversified experiences, who can contribute to the future development of the Company.
With the prospect that the Assembly will favorably welcome the proposal to reduce the number of directors to nine, the Board of Directors has unanimously approved to propose the corresponding reduction to 1,300,000 euros gross per year (from the current 2,200,000 euros) of the remuneration maximum total of the entire body (excluding the Directors invested with special roles), the distribution of which will be decided by the new Board.
ALBERTA FIGARI'S BIOGRAPHY FROM THE LEGANCE LAW FIRM WEBSITE
Born in 1964, Alberta Figari "specializes in M&A and corporate finance operations, including acquisitions, joint ventures, public purchase and/or exchange offers (OPA/OPS/OPAS), equity capital market operations, including increases of capital and IPO" we read on his profile published on the Legance website.
“Alberta also has a consolidated knowledge – continues the law firm's website – of Corporate Governance and board dynamics, on the one hand, providing consultancy to the corporate bodies (Boards of directors, Board committees, Boards of auditors and independent directors) of listed groups in both their ordinary and extraordinary activities and, on the other hand, having been a member of the Board of Directors of Assicurazioni Generali SpA for 3 consecutive mandates (from April 2013 to April 2022), holding, among other things, from April 2013 until in April 2022, the role of President of the Control and Risk Committee and, for individual three-year mandates, also the role of President of the Related Parties Committee, of member of the Appointments and Remuneration Committee (in this capacity also being part of the ad hoc Committee established for the preparation by the Board of Directors of its list for the renewal of the Board of Directors itself), as well as a member of the Governance and Sustainability Committee".
“Finally, Alberta has proven experience in managing business processes relating to generational changes, on the one hand, assisting family groups in their dynamics connected to these processes with a pragmatic approach aimed at finding tailor-made solutions and, on the other, participating , as a speaker, at conferences and seminars on these topics. The most important international legal directories regularly consider Alberta as a leading lawyer in Italy in the M&A and ECM sectors. In particular, for the Equity Capital Markets practice area, it is classified in the Hall of Fame category by The Legal 500 and in Band 1 by Chambers and Partners (for the 10th consecutive year by Chambers Europe and for the 14th consecutive year by Chambers Global). Furthermore, Chambers and Partners describes her as follows: “excellent for IPOs and very complex capital markets operations” (2020), “reference in the sector” (2019), “outstanding relationship capabilities, good technical knowledge and consolidated experience”, “She is a very eclectic lawyer, able to work on non-standard files” (2018). Alberta is also mentioned as Highly regarded by IFLR1000.”
THE CV TAKEN FROM THE LINKEDIN PROFILE
Experience
Partner
Legance – Associate Lawyers · Full-time Apr 2021 – Present · 3 years
independent board member Generali
Generali Apr 2013 – Present · 11 years
Partner
Clifford Chance Nov 1994 – Apr 2021 · 26 years 6 months
Training
University of Milan
Doctor of Law (JD), corporate lawyer
King's College London
Master of Laws (LL.M.), Banking, Corporate, Finance, and Securities Law
Rating: master
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/alberta-figari-ecco-il-curriculum-del-prossimo-presidente-di-tim/ on Thu, 07 Mar 2024 06:34:37 +0000.