Board of Directors' Members

He is currently Director of the Research Centre in Strategies Change 'Franco Fontana' at Luiss University, as well as Professor of Economics and Business Management and Business Strategy at the same University.

He was Director of the Luiss Business School from 2015 to May 2022.

Since 2020 he has been Chairman of the Supervisory Board of the Political School 'Living in the Community' and a member of the Board of the New Millennium Foundation.

He is EFMD Advisor of the Quality and Processes Service (EQUlS), Member of the EQUlS Committee and Member of the Board of Directors of AACSB (Association to Advance Collegiate Schools of Business).

Designated Expert of International Standing at the Australian Research Council, he is Chairman of the Scientific Committee of the Lars Magnus Ericsson Foundation and member of the Scientific Committee of CyberAffairs, the first Italian news agency entirely dedicated to cyber security. He is also a member of the Nucleo di Valutazione federato della Scuola Normale Superiore-Scuola Superiore Sant'Anna-Scuola Universitaria Superiore di Pavia and Vice-President of the Steering and Supervisory Board of CUEIM - Consorzio Universitario di Economia Industriale e Manageriale.

He is a member of the Scientific Committee of the Centro Economia Digitale (Digital Economy Centre) and the Lucio Papirio Foundation (publications and research activities on credit topics).

Member of the European research group EFMD Task Force for Digitisation of Equis Standards & Criteria, he is also a member of the International Advisory Board of Leed's 'University Business School' and the International Advisory Board of the Universidad Pompeu Fabra - Barcelona School of Management Until 2020, he was a Member of the International Advisory Board of the Amsterdam International Business School.

He is Chairman of the Commissione di Vigilanza sulle Società di Calcio Professionistiche (Covisoc).

Since April 2023, he has also been a member of the Board of Directors of the Human Age Institute Foundation (ManpowerGroup) and independent Director of Banco BPM S.p.A.

He was an independent member of the Board of Directors of USI Banca (one-tier model), Chairman of the Remuneration Committee of USI Banca and a member of the Board of Directors of UBISS Scarl (UBI Banca Group's service and lT management company) in 2019-2020.

Leadership and digital expert. Author of numerous scientific publications in the fields of strategy, creative industries and business model innovation, he edited the 'Creative Industries' entry in the Palgrave Dictionary on Strategy Management.

April 2023

She holds an undergraduate degree in Business Administration from Bocconi University in Milan and an MBA from the Stanford Graduate School of Business.

She started her career at McKinsey & Company, where she was an advisor to top management teams at leading international companies on strategic positioning, growth, new markets, alliances and acquisitions. She then worked in leadership roles such as Senior Director, European Operations at eBay International; Head of Online Services, Commercial Operations at Vodafone Italia; and Regional Director, Southern Europe at Facebook.

Since 2009 she has invested in technology startups with Italian Angels for Growth, where she focuses on investments in the digital space. In 2020 she was appointed Vice-Chairman of the Association. In 2015 and in 2016, Paola was recognized as one of the Inspiring Fifty, the fifty most inspiring women in European Technology. angel in Europe. In 2018 she was cofounder of Angels4Women.

In recent years she has served on the Boards of Directors of listed and unlisted. Currently she sits on the Board of Directors at AXA Assicurazioni S.p.A and FAAC Technologies S.p.A. and on the Investment Committee of Fondo Neva First.  

March 2023

Born in Milano on December 22, 1970, Paola Camagni obtained a Law degree at “Università Luigi Bocconi - Milan” in 1994 where she also got a Master in “International tax law”.

She is founder and Managing Partner of the Tax Firm “Camagni e Associati”, established in Milan, specialized in corporate and international tax. She set up this tax firm after 20 years of experience at the “Big four” tax department, where she was a Tax Partner.

Since 1995 she has been enrolled in the “Chartered Accountant” list and Accounting Auditor.

In 2016 she was appointed as member of the “Committee of Experts on Tax and Economic Policy” by the Presidency of the Italian Counsel of Ministers (DPCM May 5, 2016).

Lecturer (“Professore a contratto”) for International tax law at Bocconi University in Milan, Master in “International Tax Law” until 2017/2018 and for the "Real Estate Master", held at SDA Bocconi in Milan, editions 2011/12 and 2012/2013.

Currently she is Independent Director in FSI Sgr S.p.A., Chairman of the Board of Statutory Auditors at Mozambique Rovuma Venture S.p.A. and AGI-Agenzia Giornalistica Italia S.p.A.; as well as Statutory auditor at Azule Energy Angola S.p.A., Eni Rewind S.p.A. (ENI Group), CNP UniCredit Vita S.p.A. and CNP Vita Assicura S.p.A., CNP Vita Assicurazione S.p.A. and CNP Vita Scarl, companies belonging to the same Group.

In the past she was non-executive Board 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) at listed or large companies.

March 2023

Born in Bergamo on August 14, 1958, he graduated in Electronic Engineering from the Milan Polytechnic in 1982.

He is member of the Board of Directors of Board International (a private Swiss IT company), a Board member of Temenos (a top Swiss IT company in the field of banking applications), and a Board member of Blueprism (a leading British IT company in the field of Robotic Process Automation).

From 1984 to 1996 he held various roles in IBM Italy, from 1996 to 2002 in IBM EMEA in Paris, including as Vice President heading up the Software department (2000-2002).

From 2002 to 2007 he was Senior Vice President and General Manager EMEA of Business Objects in Paris.

From 2008 to 2020 he held various roles in the IT company VMware: Corporate Vice President EMEA (2008-2014, London), Corporate Vice President Americas (2015, Palo Alto) and Executive Vice President WW Sales and Services (2016-2020, Palo Alto)

January 2023

Cristiana Falcone has over 20 years of experience developing and implementing digital transformation, partnership and business development strategies for leaders and global corporations (SONY, Shell, Revlon), international governmental organizations (ILO, IFAD, FAO, UNDCCP, IADB) and the media (Radio Televisione Italiana, Gruppo Espresso, Univision, Viacom).

In 2004 she joined the World Economic Forum to lead the Media, Entertainment and Sports Industries, then becoming Senior Advisor of its Executive Chairman and Founder with a specific focus on new product and innovative services development and risk management of the geopolitical impact of emerging technologies.

Since 2006 she is CEO and trustee of the JMCMRJ Sorrell Foundation leading transformative initiatives in health, education, and poverty alleviation worldwide to also support the achievement of the UNSDGs goals. In 2021 she created BECS foundation and CBF strategies.

She is member of the Board of Direction of the Paley Center for Media, Internews trustee, Tufts University, the Summit Institute, and Fondazione Guido Carli and Core.

April 2023

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.

January 2023

Giulio Gallazzi was born in Bologna on 08 January 1964. He graduated in 1987 in Business Administration from the University of Bologna with Honors. Following an initial 2-year work experience, he attended full time and in 1991 obtained a Master in Business Administration at SDA Bocconi in Milan with Honors and was subsequently Visiting Scholar at the Harvard Business School in Boston (USA) (1991-1992) where he furthered his studies in Corporate Strategy and Finance.

In 2001 he founded Socially Responsible Investments (SRI) S.p.A., the first step of what is today the SRI Group, one of the leading independent European groups that offers consulting services in the field of Finance and Sustainable Business Management (ESG) of which Group he is still Chairman and Chief Executive Officer.

Between 2002 and 2007 SRI Spa started a constant growth path, also generating several start-ups and making various strategic acquisitions, thus transforming itself into SRI Group in 2009.

SRI Group Global became the Group Holding Company in 2010, today controlling an international Group consisting of twelve companies linked by strong strategic business interdependencies, with headquarters in London and operational offices in Milan, Rome, Brussels, and other partnerships or Joint Ventures established in 15 countries globally.

The Group today is an important reference for European companies that places the international development at the centre of their strategies. SRI Group operates on the issues of Business Development Advisory, Corporate Finance, International Business Management, Corporate and Governance Restructuring.

Since 2012, Giulio Gallazzi has gained significant experience in Private Equity investment transactions in the Banking and Fintech sectors, in T.M.T. industry and in general in the Industrial and Entertainment High technology environment, acquiring considerable skills in the management of strategic change from Traditional Economy to Digital Economy, in international finance operations and in the management of industrial development.

Today SRI Group is a significant Private Equity proprietary investor specialized in PMI, with over 8 acquisitions made in the last 5 years. SRI Group is also one of the major shareholder of Gruppo Banca del Fucino, where Giulio Gallazzi is also member of the B.o.D.

From 2014 to 2016 he has been Director of Ansaldo STS, an Italian company world leader in signaling technologies for rail and underground transport, listed on the Milan stock exchange.

From 2016 to 2018 he has been Director of Banca Carige (Banca Carige Group), one of the main banking groups in Italy. Giulio Gallazzi was first Chairman of the Risk Control Committee and Chairman of the Remuneration Committee, and subsequently became Chairman of the Board of Directors f.f.

Between 2019 and 2021 he was Director of ASTM S.p.A., one of the main holding companies operating in the motorway management sectors (second largest operator worldwide) and in the engineering of large infrastructures.

From 2018 he is Director of MFE N. V. (Media For Europe Group, formerly Mediaset Group), the largest Italian "Broadcasting Company" and leading operator in the multimedia field at European level.

From 2021 he is Director of Danieli & C., the world's leading group in the steel sector of plant making (construction of steel plants) and steel making (special steels).

From December 2022 Director of TIM S.p.A., the leading ICT/TMT group in Italy and Brazil.

He has published numerous works and articles examining the themes of corporate sustainable development and sustainable finance.

In his youth Giulio Gallazzi had an important sporting career: he was European American football champion with the Italian national team in 1987, of which he also held the position of captain, and was Italian     champion in 1986 with the Warriors of Bologna. In 1988 he was voted MVP of the championship and was invited to N.F.L. Free Agent Trials by the Minnesota Vikings.

January 2023

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.

January 2023

Marella Moretti was born in Turin, Italy, on November 4, 1965. She is a graduate of the “Amministrazione Aziendale” Business School of the University of Turin, where she specialized in Finance.

Since September 2020 she is Director Global Investor Relations at Fiat Chrysler Automobiles.

She started her career in 1988 as International Corporate Finance Analyst at Fiat SpA in Italy. From 1991 to 1996, she worked as head of Financial Planning and Control at Fiat France, in Paris.
Ms. Moretti then went on to hold several successive positions at Fiat France: Head of Corporate Finance (1996-1998); Deputy Chief Financial Officer (1998- 1999) and Chief Financial Officer (2000-2005). Since 2005, she has been Chief Financial Officer of Fiat Chrysler Finance et Services in Paris.

She also currently holds the following other positions within the Fiat Chrysler Automobiles and CNH Industrial groups in France.

Since 2009, she has been Managing Director (Directeur General Delegué) and Board member of CNH Industrial Financial Services, the captive finance company for CNH Industrial in Europe region, regulated and supervised by the European Central Bank and the French Central Bank Authority ACPR.

Since 2011, she has been Chief Executive Officer and Board member of CNH Industrial Finance France.

From 2011 to 2019 she has served as a member of the Board of Directors of Fiat Chrysler Finance Europe. Since November 2019 she is Executive Director of Fiat Chrysler Finance Luxembourg.

From 2011 to 2014, she also served as an independent member of the Supervisory Board, as well as member of the Audit Committee, of Unibail-Rodamco, Europe’s leading commercial property company, listed on the Paris Stock Exchange.

She has been a member of MEDEF Europe commission (French employers' confederation), of the NGO Care France and of the Women Corporate Directors organization (international chapter).
Since 2017 she is Non Executive Director of Telecom Italia SpA.

January 2023

Born on 20 September 1967 in Rome, Ilaria Romagnoli obtained a Research PhD in Business Administration at the University of Urbino and Roma Tre, after graduating with an Economics degree from the University of Rome “La Sapienza”, where she was awarded “Best in Class” in 2010.

After becoming qualified to practice as a Chartered Accountant and Auditor, she completed her training at auditing firms, in professional associations in the international tax advisor sector and in independent consulting firms in the merger and acquisition sector.

She was a Court-appointed Expert and has held different roles as an Independent Director and a company Statutory Auditor.

From 1998 to 2011 she worked in the Global Advisory Department of Rothschild & Co Investment Bank where she held the role of Head of Italy Financial Institution Group and European Insurance and was a member of the Government Entities Committee and Operating Committee.

Between 2012 and 2013 she was part of the CEO Staff at Intesa San Paolo where she carried out duties in relation to Strategic Initiatives and Extraordinary Finance.

From 2014 to 2020 she took part in the creation and development of Rothschild & Co Wealth management Italy Sim S.p.A. where she held the role of Chief Executive Officer.

In 2021 she founded an Independent Advisory company within the Alternative Investments sector for medium-small companies. She works as an Advisor with Rothschild & Co Merchant Banking.

January 2023

Born in Catania on March 19, 1965, she obtained a Bachelor in Economics at Bocconi University and a Master and PhD at Harvard University.

She is the Donald C. Clark/HSBC Professor of Finance at the Kellogg School of Management, Northwestern University.  She is a Fellow of the European Corporate Governance Institute (ECGI) a member of the Board of Trustees of the European Corporate Governance Research Foundation, a Research Associate at the National Bureau of Economic Research (NBER) and a Research Fellow at the Centre for Economic Policy Research (CEPR).

She has been a member of the nominating committee of the American Finance Association in 2008, 2013, and 2018; she has been a director of the Board of the American Finance Association from 2010-13 and a founding member of the Academic Female Finance Committee (AFFECT) at the American Finance Association from 2015 to 2019. She has been an independent director in the Board of Assicurazioni Generali from 2010 till 2019.

January 2023

Massimo Sarmi since November 2020 is Chairman of FiberCop, a company controlled by TIM and created to innovate the network infrastructure and to ensure the acceleration of the digitalization process in Italy.

A business executive with significant professional experience, he boasts a curriculum full of top positions and results that have contributed to the development of the country.

Until April 2015 he was Chairman of Banca del Mezzogiorno as well as, until April 2016 Managing Director of the freeway concessionaire Milano Serravalle - Milano Tangenziali and Chairman of the freeway concessionaire Autostrada Pedemontana Lombarda S.p.A.

In 2013, he was appointed by Confindustria as delegate for the diffusion of advanced digital services.

From 2002 to 2014, he was Chief Executive Officer and General Manager of the Poste Italiane Group. At the helm of the Group, Sarmi has developed a strategy of strengthening the network of post offices, technological innovation, expansion of the range of services and entry into new business sectors, achieving significant financial results, with budgets with increasing profits. In 2010 he is also appointed President of the Global Cyber Security Center Foundation, an international organization for study and research for the security of digital communications established in Rome on the initiative of Poste Italiane.

In 2000 he was appointed Managing Director and General Manager of Siemens Italia.

In 1998, he was appointed General Manager of Telecom Italia. In 1995 he was the first General Manager of TIM (Telecom Italia Mobile), the company born from the spin-off of the mobile radio division from Telecom Italia where Sarmi worked since 1986 covering roles of increasing complexity contributing to the development of innovative mobile and fixed telephony services.

He began his career as an officer in the Italian Air Force and then worked as an engineer. Sarmi’s commitments are numerous, including as a lecturer at La Sapienza University and LUISS University in Rome.

He has also been awarded the honours of “Cavaliere del Lavoro”, “Cavaliere della Gran Croce della Repubblica Italiana”, “Commendatore dell’Ordine di San Gregorio Magno”, “Grande Ufficiale dello SMOM” and “Commendatore dell’Ordine del Santo Sepolcro”.

January 2023

Born in Caserta on April 12, 1968, he is 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 Guardia di Finanza in cooperation with Bocconi University (Milan, October 2001/July 2003) and is admitted to the Bar (Italian Attorney).

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 from April 2021 he covers, as well, the role of Group DPO. He also holds the position of Secretary to the Board of Directors of the parent company TIM, is Chairman of the subsidiary Noovle S.p.A. - società benefit and member of the BoDs of the subsidiary FiberCop S.p.A.. 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 2023