Nomination and Remuneration Committee
Composition and responsibilities

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. He specializes 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.

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 dept.

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., ESP Equita PEP SPAC S.p.A., EPS Equita PEP SPAC2 S.p.A., Illimity SGR S.p.A. for TERNA, UBI Banca and TIM was also Chairman of the Controls and risks Committee.

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.

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

May 2024

Born in Rome in 1969, she is married and has two children.

In 1995, she graduated in Electronic Engineering from the University of Rome ‘La Sapienza’.

She is a shareholder, together with her family, of the company Elettronica S.p.A, where she is now Chief Executive Officer and Chief Operating Officer, having previously held positions in the main corporate functions: from Strategic Planning to Business Development to Projects & Products.

The company, which is also owned by Leonardo and Thales, is an international reality with over 70 years of history in advanced electronic defence systems and today the Elt Group brand is an international reality with a multi-domain approach that also covers Cyber, Space and Biodefence.

Since 2020, she has been President of the investee company Cy4Gate, a company specializing in the design, development, and marketing of Cyber Intelligence & Cyber Security solutions for governments and companies and listed in the Star segment of the Italian Stock Exchange.

She is a founding member, together with 30 other European women key players, of the Women4Cyber Foundation, an initiative created by ECSO in 2019 and sponsored by the European Commissioner for the Digital Economy and Society with the aim of increasing the involvement of European women in the cyber domain.

Since 2021, she has been founder and President of the Italian Chapter of the same Foundation.

Since June 2022, she has been a member of the Technical Scientific Committee of the National Cybersecurity Agency and since November of the same year, she has been a member of the Technical Scientific Committee of the Centro Studi Militari Aeronautici (CESMA), a think tank of the Associazione Arma Aeronautica (AAA).

January 2025

Umberto Paolucci was born in Ravenna and graduated in Bologna in Electrical Engineering in 1969.

After serving as Lieutenant in the NBC Corps (Nuclear, Biological, Chemical defense), he has spent his professional life in the world of Information Technology, with Hewlett Packard first and then with General Automation (Anheim, California) where he became General Manager. He established in 1985 the Italian subsidiary of Microsoft as Managing Director and General Manager. After various international roles, Paolucci became Corporate Vice President in 1998, and then Senior Chairman for Microsoft EMEA until the end of 2010. He always kept the role of President of the Italian Subsidiary.

U. Paolucci was awarded in 1998 a Degree Honoris Causa by the University of Bologna in Business Statistics and Information Technology. In 2002 he was appointed “Cavaliere del Lavoro” by the President of the Italian Republic On. Dott. Carlo Azeglio Ciampi. In 2004-2006 he served as Vice President of Confcommercio in charge of Innovation, he then became member of the National Advisory Board of Confcommercio until 2010. In November 2004 he has been awarded by the Cardinal ArchBishop of Milan, Mons. Dionigi Tettamanzi, a Doctorate Honoris Causa with the Biblioteca Ambrosiana on the occasion of the 400th anniversary of its foundation.

From 2006 to 2010 U. Paolucci served as President of the American Chamber of Commerce in Italy. From 2006 to 2008 has served as President of ENIT, the National Agency for Tourism in Italy. From 2009 to 2011 he served as President of “Fondazione Milano”, which includes the “Accademia Internazionale di Musica”, the “Scuola d’Arte Drammatica Paolo Grassi”, the “Dipartimento di Lingue” and the “Scuola di Cinema, Televisione e Nuovi Media”. In 2009 the President of the Italian Republic On. Dott. Giorgio Napolitano named him “Grande Ufficiale dell’Ordine al Merito della Repubblica Italiana”.

U. Paolucci served as a Director of COESIA S.p.A., Banca Profilo S.p.A., GEOX S.p.A. AEFFE S.p.A., Pirelli S.p.A., Datalogic S.p.A., IT Holding S.p.A., Exprivia S.p.A., CTS EXPO S.p.A., UPA (Utenti Pubblicità Associati), Dedalus Holding S.p.A. in addition to other organizations and associations in Europe, Middle East and Africa on behalf of Microsoft Corporation

In addition, 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 telecommunication services.

January 2025