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Italian govt brings in new management

Rome - The government of Italian Prime Minister Matteo Renzi on Monday put new faces onto the boards of the country's biggest state-controlled companies, as part of efforts to reform the eurozone's third-largest economy.

Outgoing bosses of energy companies Eni and Enel, defence conglomerate Finmeccanica and postal company Poste Italiane would not be confirmed, the government said in a statement.

The Renzi administration released the names of new board members, but did not indicate which ones would be chosen for the key positions of chief executive and president.

The decisions were due to be formalised in upcoming shareholders' meetings.

At Eni, one of Italy's most important firms, Emma Marcegaglia, president of European business lobby Business Europe, was tipped as new chair, while company insider Claudio Descalzi was likely to be promoted to chief executive.

Mauro Moretti, outgoing chief executive of state railways Ferrovie dello Stato, was expected to be given the same position at defence conglomerate Finmeccanica, despite his recent criticism of Renzi's plan to cut state managers' salaries.

Their annual gross pay is to be limited to $329 000 dollars, Renzi's office said. In an interview published in La Repubblica newspaper, the head of the cabinet office, Graziano Del Rio, spoke of the government's desire "to put forward fresh faces," and to seek "a cultural revolution".

He said the government wanted to recruit more women and was aiming for "virtual gender parity in the appointments."

Del Rio said Italy needed to close "a gap of almost 30 years compared to other countries" for women in corporate management.
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