Board of Directors' Members

Born in Rome on June 28, 1973. He graduated with honors in Law in November 1995 from the University of Rome "La Sapienza", earned a PhD in Civil Law from the University of Florence, and received a Doctorate in Canon Law from the Pontifical Lateran University.

He obtained the National Scientific Qualification as a Level II University Professor (Private Law) and currently teaches at the Pontifical Lateran University, after having taught at the University of Udine from 2001 to 2015.

A former lawyer (Rome, 1999) and an Air Force Officer (Air Force General Staff, 1999-2000), he was appointed a Notary in January 2001, focusing on commercial and corporate law.

In 2012, he was a member of the Committee for the Reform of Securities established at the Ministry of Justice, and since 2018, he has been a member, among others, of the editorial board of the journal "Il Diritto dell'informazione e dell'informatica".

A member of the ASCL (American Society of Comparative Law), the Society of Legal Scholars (UK), and the Société de législation comparée (Paris), from 2013 to 2015 he was a member of the Legal Affairs Commission of Caritas Internationalis.

Author of four monographs and numerous essays on civil, commercial, and comparative law, based on his previous experience and his professional career, among other things, he has developed expertise in the TIM Group's business sector, particularly in the legal implications of information and telecommunications technologies, and in corporate law.

January 2026

Born in Milan on December 22, 1970, Paola Camagni in 1994 obtained a Law degree at Luigi Bocconi University of Milan, where she also completed a Master in international tax law.

She is founder and Managing Partner of the tax firm “Camagni Società tra Professionisti”, established in Milan, specialized in corporate and international tax. She set up said tax firm in 2013, after gaining her professional experience in the tax firms included in the “big four” accounting firms’ network, where she was a Partner.

She is enrolled in the Chartered Accountant Register of Milan since 1996 and in the Register of Accounting Auditors (ex D.M. 15/10/1999). In 2016 she was appointed as member of the “Committee of Experts on Tax and Economic Policy” by the President of the Italian Council of Ministers (DPCM May 5, 2016).

She has been a lecturer (“Professore a contratto”) at Bocconi University in Milan, within the Master in “International Tax Law” until a.y. 2017/2018 and panelist at the "Real Estate Master", held at SDA Bocconi in Milan, editions 2011/12 and 2012/2013.

Since 2021, she is an independent Director of TIM S.p.A; in the previous mandate (2021-2023) she has also been a member of the Nomination and Remuneration Committee and of the Sustainability Committee.

Currently, she is an independent Director and member of the Management control committee in Unicredit S.p.A. and in FSI Sgr S.p.A.. She also serves as President of the Board of Statutory Auditors at AGI-Agenzia Giornalistica Italia S.p.A.

In the past, she has been an independent Director (e.g. at CellularLine S.p.A. until 2020) and Statutory Auditor (e.g. at ENI S.p.A., from 2014 up to 2020) of listed or large companies.

Based on previous experience, among others, she has gained expertise with respect to the TIM Group's business sector, particularly in the area of telecommunication services..

May 2024

Born in Rome, September 22, 1968, he graduated in November 1993, Law Master Degree at “La Sapienza” University of Rome - 110/110 cum laude.

Registered with Rome Bar as of January 1998 and appointed as full professor of Private Law, University of Sassari, Department of Economics, as of June 26, 2009.

From October 2009 to October 2015, appointed by Bank of Italy as board member in Rome commission of Arbitro Bancario Finanziario (ABF), major alternative dispute resolution entity in banking disputes (under Banking Code, art. art. 128-bis).

From November 2016 to May 2018, appointed by Consob as member of the Arbitro per le Controversie Finanziarie (ACF).

Since June 2019, independent member of the management Board at Garofalo HC S.p.A.; from April 2018 to April 2021 independent member of the management Board at Banca Sistema S.p.A; from May 2014 to April 2021 independent member of the Management Board at Saipem S.p.A.

Based on previous experience and his own professional career, among others, he has gained expertise with respect to the TIM Group's business sector, particularly in the area of communication and telecommunication services, and in the area of cybersecurity.

July 2024

Married and with two children, Paola Giannotti was born on 13/7/1962 and graduated in political Economics with honors from Bocconi University in Milan. She specialized in finance at Universität zu Köln (Cologne, Germany) and New York University.

She is a Director, Chair of the Nominations and Remuneration Committee and a member of the Control and Risk Committee of TIM S.p.A..

Appointed Independent Director and Chair of the Risk and Sustainability Committee of Cassa Centrale Banca – Credito Italiano Cooperativo S.p.A. from June 2025 for a three-year term.

Independent member of the Board of Directors, Vice-Chair of the Nomination Committee, Member of the Audit, Risk and Remuneration Committees of Piraeus Financial Holdings S.A. and Piraeus Bank from 2024.

She has more than 30 years of international experience in the financial sector in the Corporate and Investment Banking area, such as in New York, London, Milan, Rome, Frankfurt and Paris where she has held various roles in world-leading institutions such as Morgan Stanley, Citigroup, Dresdner Bank, and BNP Paribas.

She began working as a financial analyst at Montedison S.p.A. (1986-1987) and then in Sviluppo Finanziaria S.p.A. Milan (1988-1989) and followed, as a business analyst, at the strategic consulting firm the Mac Group (1987-1988) in Rome.

From 1989 to 1998 she worked at Morgan Stanley, first in London as a business finance analyst and then as a business manager in Portugal. For Morgan Stanley, she worked in the equity capital markets sector in New York and then in Milan as Executive Director for the development of Italian customers and head of the Financial Institutions Department.

From 1998 to 2003 she was in London as Managing Director responsible for the Investment Banking activities in Italy first for Citigroup then for Dresdner Kleinwort Wasserstein where he was a member of the European Managing Director Committee and the European Council of Country Heads and a member of the Board of Directors of Dresdner Kleinwort Wasserstein SGR.

From 2003 to 2013 she was at BNP Paribas in Milan as Managing Director responsible for the management and development of the strategic customer portfolio (Enel, ENI, Terna, Poste, Ferrovie, Leonardo, Telecom Italia, MEF) and the Energy, Gas and Oil sectors. She was also a member of the European Committee of Senior Bankers and the Italian Executive Committee.

She later served as Director of Ansaldo STS S.p.A., UBI Banca S.p.A., FINECOBANK S.p.A., TERNA S.p.A., TIM S.p.A., ICF group S.p.A., EPS Equita PEP SPAC S.p.A., EPS Equita PEP SPAC2 S.p.A., Illimity SGR S.p.A. for TERNA, UBI Banca; she has also served as Chairman of the Control and Risk Committee of TIM S.p.A..

In 2002 she was awarded the Bellisario Foundation Award as Manager of the Year. From 2000 to 2012 she was a member of the Council for Relations between Italy and the United States, under the Honorary Presidency of David Rockefeller. In 2019, Forbes magazine named her one of the 100 women leaders in Italy.

In addition, based on previous experience and her own professional career, among others, she has gained expertise with respect to the TIM Group's business sector, particularly in the area of telecommunication services.

She speaks Italian, English and French. She has good knowledge of Spanish and basic knowledge of German and Portuguese.

June 2025

He graduated in Business and Economics at the Bocconi University in Milan in 1987.

He began his career at JP Morgan in 1987, in the Global Markets sector, holding various management positions in Milan and London, with responsibility for Italy and the EMEA.

He is a visiting professor on the MBA Programme at the SDA Bocconi School of Management, at the Bocconi University in Milan. He was also a lecturer at LIUC University in Castellanza (Varese) and Ca' Foscari University of Venice, where he currently teaches as Research Affiliate at the Department of Economics.

Previously, he was Chairman of Fondazione Fiera Milano and sat on the Board of Directors of LUISS University (July 2016-July 2019). He was on the Board of Directors of Intesa Sanpaolo S.p.A. and of Willis Towers Watson S.p.A. (April 2016- November 2019), and also a member of the Board of Directors of FIRC - AIRC, Italian Foundation and Association for Cancer Research (May 2016 – April 2020).

He served as Industry Advisor for Italy for Permira Private Equity and Senior Advisor to Partners S.p.A, focusing on corporate advisory.

Between 2001 and 2007, he held various roles within the Intesa San Paolo Group, in particular, from 2001 to 2005, the position of Head of Investment Banking and Structured Finance and Chief Executive Officer of Caboto Bank - now IMI Bank - and, from 2006 to 2007, the Group's Head of Finance and Treasury.

During his professional career, he was also General Manager and sat on the Board of Directors at the Mittel Group, Vice President of Sorin S.p.A, Chairman of Hopa S.p.A and a member of the Management Board at A2A S.p.A.

From May 2010 until July 2015, he held the position of Chief Executive Officer at Cassa Depositi e Prestiti S.p.A and CDP Reti S.p.A (December 2014 - July 2015). He was also Chairman of the Fondo Strategico Italiano (Italian Strategic Fund) (August 2011- July 2015).

Over the years he has held the position of Chairman of the "Technical Finance Commission" of ABI-Italian Banking Association and Adviser to the Italian Stock Exchange S.p.A., MTS- European Bond Exchange, EuroMTS, ISDA-International Swaps and Derivatives Association and AIFI-Italian Private Equity and Venture Capital Association.

He became Chairman of the Board of Directors of Cassa Depositi e Prestiti on 24 October 2019 and of CDP Reti S.p.A. on 28 November 2019. On 2 April 2020 he was appointed Chairman of the Board of Directors of CDP Equity S.p.A. On 11 November 2021 he was appointed Chairman of the Board of Directors of Fondazione CDP.

He is Chairman of the Board of Directors of F.I.L.A. - Fabbrica Italiana Lapis e Affini - and a member of the Board of Directors of Avio S.p.A, both companies listed on the Star segment of Borsa Italiana.

On April 2020 he has been appointed Member of the Committee of Experts on Economic and Social matters led by Vittorio Colao (DPCM, April 10, 2020) at the Prime Minister’s Office. The Committee, with the purpose to face the epidemiological emergency COVID-19, drafted the Report "Initiatives to relaunch the Country “Italy 2020-2022”.

He is a member of the Scientific Committee of the Aristide Merloni Foundation, Assonime (Association of Italian Joint Stock Companies), the General Counsel of AIFI (Italian Private Equity and Venture Capital Association) and a member of the Board of Directors of ISPI (Italian Institute for International Political Studies).

On 31 March 2021 he was appointed Member of the Board of Directors of TIM S.p.A.

On 21 April 2021 he was appointed Grande Ufficiale dell’Ordine al Merito della Repubblica Italiana.

On 30 May 2022 he was awarded the honor of Cavaliere del Lavoro.

April 2024

She has gained more than thirty years of experience in finance, banking and payments sector, network industries and telecommunications, working and living for over twenty years between New York, London, and Brussels. Today she teaches "Regulation of digital innovation of payments and finance" at the Polytechnic University of Milan as a visiting professor. She sits on the Board of TIM SpA and she is a member of the Nomination and Remuneration Committee and a member of the Sustainability Committee. She also sits on the Advisory Board of the Bruno Kessler Foundation. Innovation and digitalization are the defining elements of her long professional career, which led her from 2019 to 2025 to the Role of Deputy Governor of the Bank of Italy, with responsibilities in banking and insurance supervision, and innovation. In this capacity, she was the Italian representative on the Supervisory Board of the European Central Bank, a supervisor of the systemic banks of the Eurosystem, during a period when technology and climate change required banks to make significant evolutions in business models and in the identification and measurement of risks. At the Bank of Italy, she dealt with issues related to security against cyber attacks and data protection, as chair of the Security Committee, and has promoted the Fintech Committee since its inception, with the aim of spreading greater knowledge of innovation-related topics in the context of the central bank. In this regard, she promoted the establishment of the Bank of Italy’s Innovation Hub in Milan, which follows the most innovative fintech with a personalized coaching program. At the beginning of her career, she worked as a lawyer in New York at the firm Winthrop, Stimson, Putnam & Roberts, specializing in banking M&A and dealt with telecommunication issues during a period of significant deregulation in the sector. Later, in Brussels, she worked on financial services regulation, liberalization of postal and telecommunications services, subsequently working for Olivetti during the period of the Group’s shift towards telecommunications activities. In this role, she followed Omnitel Pronto Italia in the tender for the second mobile operator in Italy, and Infostrada for competitions aspects in the fixed network services. In the following years, she worked at Intesa Sanpaolo, heading the Brussels office, dealing with banking and financial regulation. Returning to Italy, she took the role of Country Manager of Barclays, managing the restructuring of the bank in Italy and the sale of the retail branches. 

She has been a member of the boards of directors of Monte Titoli SpA, A2A (as Vice Chair), and ATM Milan Transport Company. Alongside her more strictly professional activities, she has always promoted issues related to diversity and inclusion, and for this commitment has received various recognitions and mentions. She was among the founders of Valore D, the association of companies promoting women in top positions, and served as its chair between 2010 and 2013. She was awarded the Bellisario Prize in 2007. In 2021, she has been awarded the Knight of the Order of the Merit of the Italian Republic. She is also a board member of the Bambino Gesù Children Hospital, and the chair of the Friends of the Poldi Pezzoli Museum Association in Milan. She graduated with honors in law from the University of Genoa, earned a Master in Corporate Law from New York University Law School, and completed an Executive Program at Stanford University. Born in Genoa, she is very attached to her land and the sea. She has two children, Samuele and Margherita, practices sports activities and loves music and the arts.

October 2025 

Stefano Siragusa is the co-founder and Managing Director of Rari Nantes, an alternative investment manager delivering superior value in idiosyncratic opportunities which other investors are unable or unwilling to tackle.

Stefano’s international managerial profile has allowed him to hold a series of leadership positions in multinational companies in different industries.

He started in 2000 as Product Manager at Siemens AG in the Industrial Automation division in Italy and Germany, dealing with automation and process innovation in electrical and telco network operations.

In 2002, after his MBA, he began his career in The Boston Consulting Group -BCG, a global management-consulting firm. In BCG, he defined value-creation strategies and followed up their subsequent operational implementation for leading Aerospace & Defense, Transportation and Steel players in Europe, Americas, Asia Pacific and particularly in North America where he transferred in 2005. Once back to Italy, in 2011 he was elected Partner & Managing Director of BCG and was appointed as leader of BCG’s industrial goods division for Italy, Greece and Turkey. In 2012 he was also requested to coordinate BCG Aerospace & Defense division in Europe and Middle East. In 2013 he was elected member of BCG’s Global Operations Leadership Team. He moved to New York to be entrusted also with the responsibility of defining BCG’s content agenda and commercial strategy for Lean, Procurement and Supply Chain and Digital transformation topics.  

In 2014 he returned to Italy from the United States to be appointed CEO and General Manager of Hitachi Rail STS formerly Ansaldo STS, a leading multinational in the sector of high-level engineering of transport systems listed in Milan (STS.MI) with headquarters in Genoa. He successfully manages the relaunch: the stock market capitalization doubles, exceeding €2 billion, orders grow by 160%, cash by 90%, profits by 80% and productivity by 60%.

In 2015, at the request of shareholder Finmeccanica, he guaranteed the sale of Ansaldo STS to the Hitachi Group and in 2016, after the start of the delisting process, he left the Hitachi group to become Senior Partner and Director of Bain & Company, a multinational leader in consultancy management strategy and founded the Special Situation practice focused on the restructuring of non-performing companies.

In March 2018 he joined the TIM group and became Deputy of the General Manager in 2021. In December 2022 he left the TIM group due to disagreements on the company strategy.

Stefano has held and holds roles as Chairman and member of the Board of Director of both listed and unlisted companies in the infrastructure, telecommunications and transport sector including Sparkle, Inwit, Persidera, ENAV, Noovle, Saipem, Mermec, Marangoni, Metro 5 Milan.

Stefano holds academic teaching and Advisor board roles at leading Italian universities including LUISS and Lumsa.

Stefano, born in 1976, graduated from the Polytechnic of Milan summa cum laude in Electrical Engineering. He completed his professional training by obtaining summa cum laude an MBA from MIP and then a master from Harvard Business School-HBS.

Stefano is devoted husband and a loving father of four kids Sergio, Sofia, Sara and Silvio.

In addition, based on previous experience and her own professional career, among others, she has gained expertise with respect to the TIM Group's business sector, particularly in the area of telecommunication services.

July  2024

Born in Caserta on April 12, 1968, he graduated: in Economics at University of Bergamo (cum laude), in Law at University of Milan and in Scienze della Sicurezza Economico-finanziaria at University of Tor Vergata, Rome (cum laude).

He also earned a Master’s Degree in Corporate Taxation at Scuola Polizia Tributaria della Guardia di Finanza, in cooperation with Bocconi University (Milan, October 2001/July 2003). He is licensed to practice law and is a member of the Rome Bar Association.

In January 2017, he joined TIM as General Counsel and Head of Legal Affairs. From December 2017 to March 2018 he was also appointed, ad interim, Head of Human Resources and Organization Department. Since March 2018, he is General Counsel and Head of Legal and Tax and, since October 2024, Head of Legal, Regulatory & Tax. From April 2021 he has covered, as well, the role of Group DPO (Data Protection Officer). He also holds the positions of Secretary to the Board of Directors of TIM and Chairman of the Board of Directors of Noovle S.p.A. SB, a TIM subsidiary engaged in the cloud business. Since 27 January 2025 he has held the position of Board Member of the National Strategic Hub (Polo Strategico Nazionale).

From July 2016 to January 2017, he held the position of General Counsel, Operational Director and Secretary of the Board of Directors in Italmobiliare S.p.A. From May 2006 for 10 years, he worked in Italcementi Group, starting as Head of Tax and adding progressively several responsibilities up to the position of Group General Counsel, Legal, Tax and Compliance Director.

From July 1986 to May 2006. he served in Guardia di Finanza (where he started as officer cadet at the Military Academy (1986-90). During his career he was in charge of managing and supervising the daily activities and inspections for the purpose of combating tax and finance criminal activities as well as training of military cadet and other personnel in the Academy, lately assigned both to national and international units and operations. In the last appointment he served as Lieutenant Colonel, Head of Analysis and Studies within the Commanding General.

Adjunct Professor, in International Taxation at University of Bologna, Italy (School of Economics, Management and Statistics), for 2013/14, 2014/15 and 2015/16 academic years and adjunct professor in International Taxation at University of Roma Tre for 2010/2011, 2017/2018,2018/2019 and 2019/2020 academic years onwards, he took part in seminars and conventions organized by the main companies operating in the sector (Paradigma, Business International) in tax matters, criminal liability of legal persons and company law.

He was contributor to articles and reviews published on tax magazines and tax manuals, inter alia: “La nuova Imposta sul Reddito delle Società”, 2004, Maggioli; “Il nuovo regime tributario delle operazioni con i paradisi fiscali”, 2004, Maggioli; “I reati informatici”, 2004, Maggioli; il “Codice delle ispezioni e verifiche tributarie”, 2005, La Tribuna; “Guida all’antiriciclaggio”, 2006, Il Sole 24 Ore; il “Codice del processo tributario”, 2007, La Tribuna; “La Tutela dei soci”, 2008, Giappichelli; “Manuale di governance fiscale”, IPSOA, 2011; Manuale del transfer pricing”, IPSOA, ed. 2009, 2012 e 2015; “Manuale di Fiscalità Internazionale”, IPSOA, ed. 2010, 2012 e 2014; “Commesse all’Estero: disciplina fiscale e profili contrattuali”, IPSOA, 2015.

January 2025