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ERG SpA (ERG.MI)

ERG.MI on Milan Stock Exchange

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Summary

Name Age Since Current Position

Edoardo Garrone

56 2003 Chairman of the Board

Luca Bettonte

54 2012 Chief Executive Officer, Executive Director

Alessandro Garrone

55 2012 Executive Vice Chairman of the Board

Giovanni Mondini

52 2003 Non-Executive Vice Chairman of the Board

Paolo Luigi Merli

47 Chief Financial Officer & Control

Pietro Tittoni

61 2016 Chief Operating Officer, Chief Executive Officer of ERG Power Generation, Chairman of the Board of Directors of ERG Power

Alberto Fusi

55 2016 Chief Human Capital Officer & ICT Officer

Andrea Navarra

42 Head of Legal & Corporate Affairs

Lucia Bormida

51 2010 Chief Public Affairs & Communication Officer

Sergio Chiericoni

2017 Chief Business Development Officer

Elisabetta Olivieri

55 2017 Independent Director

Mario Paterlini

2017 Independent Director

Massimo Belcredi

56 2003 Non-Executive Independent Director

Mara Caverni

56 2015 Non-Executive Independent Director

Barbara Cominelli

48 2015 Non-Executive Independent Director

Marco Costaguta

59 2012 Non-Executive Independent Director

Paolo Lanzoni

64 2003 Non-Executive Independent Director

Silvia Merlo

50 2015 Non-Executive Independent Director

Emanuela Delucchi

Head of Investor Relations

Biographies

Name Description

Edoardo Garrone

Mr. Edoardo Garrone serves as Chairman of the Board at ERG S.p.A. since April 29, 2003. He has been Member of the Board of Directors of Pininfarina SpA, S.E.M. Srl, of the Civita Association, the Magna Carta Foundation, as well as Member of the IEFE Management Committee and Assonime (Association of Italian Listed Companies) Council Member. He has served as Chairman of the Board of Directors of Aedificatio SpA, Chairman of Consorzio Rete Industria and Chairman of the Supervisory Committee of San Quirico SpA. From 1986 to 1987, he worked for Marsud, a company specializing in petroleum product transportation. He joined ERG in 1988 in the Planning and Strategy Department. From 1989 to 1991 he was a manager with the ERG Group Strategic Planning Division. He was Vice Chairman of the Industrial Association of Genova from 1994 to 1997, and Chairman of Young Member of Industry in Genova from 1997 to 1998. In 1999 he became Member of the Board of Confindustria and Member of the Council of the Industrial Association of Genova. From April 2000 to April 2002, he was Chairman of Young Businessmen of Confindustria and Vice Chairman of Confindustria. He has been an advisor to Fondazione Schiavetti, ALCE (the Foreign Business Association of Liguria), SOGEA - the Genova Business School, and has been Administrative Secretary of Sampdoria F.C. since 2002. He graduated in Political Science from Alfieri Institute of the Universita degli Studi di Firenze. He subsequently took Economics and Finance courses in London and the United States and a Business and Administration for young managers course at INSEAD, Fontainebleu.

Luca Bettonte

Prof. Luca Bettonte has served as Chief Executive Officer, Executive Director of ERG S.p.A. since April 20, 2012. He is Member of the Strategic Committee of the Company. He was Director of TotalErg SpA from June 2012 to January 2018. He was also Chief Executive Officer and Director of ERG Renew SpA from July 13, 2016 to December 2016. Prior to this he was General Manager Corporate and Executive Director of ERG SpA as from December 15, 2009. From 2003 up to 2007 he was Chief Financial Officer of Atlantia SpA, Finance Director of Autostrade per l’Italia SpA, Chairman of Autostrade International US Holdings, Director of Impregilo SpA, Autostrade Sud America Srl and of Emittenti Titoli SpA. He has been Chief Financial Officer at Atlantia SpA since 2003. He worked at Indesit Company SpA from 1998 till 2003, initially as Group Financial Controller, and then as Chief Financial Officer from 2000, and at Pricewaterhouse Coopers SpA in Italy and United Kingdom from 1990 till 1998. He has been Professor at the Faculty of Economics and Commerce of the Universita Cattolica Sacro Cuore in Milan since 2008 and of the University of Bologna from 2004 until 2008, respectively. He graduated in Economics and Business at Universita degli Studi di Bologna. He is Chartered Accountant and Auditor.

Alessandro Garrone

Dr. Alessandro Garrone has served as Executive Vice Chairman of the Board of ERG S.p.A. since April 20, 2012. He is Member of the Strategic Committee of the Company. Prior to his appointment he served as Chief Executive Officer and Director at ERG SpA from December 2002 until April 20, 2012. From August 2002 to December 2002 he held the post of Central Finance and Control Manager. From January 1999 to December 2001 he was responsible for Refining Management Control, within the Management Control department. From January 1997 to December 1998, at ERG Petroli SpA in Genoa, he took on assignments regarding the company restructuring, in connection with the company's quotation on the Stock Exchange. From August 1994 to December 1996, at ERG Petroli SpA in Genoa, he had duties within the Supply and Sales Management department, dealing with ship freighting and crude oil purchasing. From August 1992 to July 1994, at ISAB SpA in Rome, he was responsible for company Management Control. From September 1991 to July 1992 at ISAB SpA in Genoa and Syracuse he held the post of operative programming of the ERG Group refineries, via the use of linear programming models. From January 1988 to April 1989 at ERG Petroleum USA (New York) he managed ERG Group international relations. He graduated in Economics in 1991.

Giovanni Mondini

Mr. Giovanni Mondini has served as Non-Executive Vice Chairman of the Board of ERG S.p.A. since April 29, 2003. He previously served as Director of the Company. He also serves as Member of the Strategic Committee of the Company. In December 14, 2009, he was appointed as Chairman and Chief Executive Officer of ERG Raffinerie Mediterranee. From 1988 to 1990 he worked for Tankersud SpA in Bari (a shipping company specializing in the transportation of petroleum products) and then worked for the same company in Genoa until 1992. In 1993 he began his career as part of the ERG Group by joining Tecnoerg SpA – engineering and petroleum/petrochemical plant design company – subsequently taking charge of its commercial office and then its purchasing office. Starting from 1999 he held various positions in the ERG Group’s Oil sector divisions: supply, refinery planning, performance planning and control, hedging. Since 2005 he has been General Manager Planning and Supply with ERG Raffinerie Mediterranee. He serves as Chairman of the Energy Section of Confindustria Genova, Chairman of the Energy Section of Confindustria Genova, Board member of Finanza Sviluppo Immobiliare SpA and Vice Chairman of U.C. Sampdoria Holding SpA. He followed the scientific branch of the Italian secondary education system and attended courses at the London International School, Milan SDA Bocconi and the College of Petroleum and Energy Studies, Oxford, England where he concentrated on international oil supply, trading and economics.

Paolo Luigi Merli

Mr. Paolo Luigi Merli serves as Chief Financial Officer & Control of ERG S.p.A. He is Member of the Strategic Committee of the Company. He is in charge of the Planning & Reporting, Management Control & Investor Relations, Finance, Corporate & Risk Finance, Corporate Development & M&A. He graduated in Electrical Engineering from Universita degli Studi di Pavia in March 1996. Additionally, he received an MBA degree in Finance from Scuola Superiore Enrico Mattei in June 1998. He joined the ERG Group in September 2006 where he is Director of Finance & Control: reporting directly to the CEO, he is in charge of the Group Treasury, Structured Finance, Corporate Finance, Investor Relations, Financial Risk Management and Business Control departments. Since July 2011 he has been a Director of ERG Renew SpA Board. He previously worked for approximately seven years as a financial analyst in charge of the European Oil&Gas and Motorways sectors at Intermonte. At Intermonte he was also a Specialist in ERG stock when ERG joined the STAR segment. From 1998 to 2000 he worked in the sales department at Snam SpA (current Gas & Power division of ENI SpA).

Pietro Tittoni

Mr. Pietro Tittoni has acted as Chief Operating Officer of ERG S.P.A. and Chief Executive Officer of ERG Power Generation, Chairman of the Board of Directors of ERG Power since July 13, 2016. A graduate in mechanical engineering, he began his professional career working on the CNR "Energetica 2" project for the development of laser Doppler anemometry systems at Università degli Studi de L'Aquila. He joined ENEL in 1985 and gained a qualification to manage Nuclear Reactors from Milan Polytechnic. He then moved to Toronto where he was involved in the running of the Bruce-Ontario Hydro nuclear power station (8000 MW) at the Canadian Atomic Agency. Between 1989 and 2000 he worked in ENEL's thermoelectric division with roles of increasing responsibility in the Production and Transmission Division in Rome and later at the thermoelectric plant of Fiume Santo 1000 MW (Sassari). Following the deregulation of the electricity market in Italy, from 2001 he was appointed to the following positions: Head of Energy Management at ENDESA Italia for the management of a generation fleet of 6500 MW; Director of Endesa Italia Power & Fuel srl; Member of the Board of ERGON Energia srl; Head of Energy Management, EOn Produzione Spa. In 2008 he spent time in Ireland as Generation Executive Manager for the start-up Endesa Ireland Ltd. In 2009 he moved to ERG Power & Gas in Genoa where he held the role of General Manager of ISAB ENERGY Srl and in 2011 he was appointed Head of the Power & Gas Business Unit at ERG Spa.

Alberto Fusi

Dr. Alberto Fusi serves as Chief Human Capital Officer & ICT Officer at ERG S.p.A. He was Organization Development and ICT Director of ERG S.p.A. He obtained a Bachelors degree in Law and Doctorate in Philosophy in Organizational Development from Universita Commerciale Luigi Bocconi. From 2006 to 2012 he was Vice President Human Resources at Denso S.p.a. From 2000 to 2006 he served within Fiat Group as Vice President Human Resources at CNH Global LLC-Chicago; Human Resources Director at Global Value Spa-Torino. From 1988 to 2000 he served at Magneti Marelli.

Andrea Navarra

Mr. Andrea Navarra acts as Head of Legal & Corporate Affairs of ERG S.P.A. He graduated at Universita degli Studi di Roma La Sapienza in 1999. From January 2014 – November 2016: ERG Power Generation S.p.A. (Genoa): General Counsel (Head of Legal & Corporate Affairs). From April 2013 – December 2013: ERG S.p.A. (Genoa) – Head of Group Corporate Affairs. From October 2008 – March 2013: International Power/GDF Suez Group (currently Engie) (London/Rome) - Head of Legal & Corporate Affairs and Ethics Officer (Italy and related countries) and Law 231/01 Responsible. From October 2004 – October 2008: Chiomenti Studio Legale (Rome) - Senior Associate – Corporate, M&A, Energy & Project Finance department. From May 2000 – October 2004: Clifford Chance LLP (Rome/London) - Associate/Senior Associate - Corporate, M&A, Energy & Project Finance department. From November 1999 – May 2000: Studio Legale e Tributario Prof. Avv. Della Valle (Rome) - Trainee – Litigation and contractual matters.

Lucia Bormida

Ms. Lucia Bormida has served as Chief Public Affairs & Communication Officer of the ERG S.p.A. since 2010. She joined the ERG Group in 1996 and has held various positions, including Manager of Institutional Relations, Institutional Relations Manager and ERG Group Risk Manager, among others. She obtained a degree in Chemical Engineering from Universita degli Studi di Roma La Sapienza in 1991. In 1992 she attended a postgraduate specialization course in 'Ingegneria Sanitaria ed Ambientale' (Health and Environmental Engineering) at the Faculty of Engineering of Universita degli Studi di Roma La Sapienza, as well as in 1995 a Management Development Course at the LUISS University in Rome.

Sergio Chiericoni

Eng. Sergio Chiericoni has acted as Chief Business Development Officer of ERG S.P.A. since July 2017. From early 2014 up to June 2017 he has been CEO of Falck Renewables Wind Ltd, in London, responsible for the subsidy Company management and administration. At Group Level, for the Parent Company, he first covered the positions of Head of Business Development and Construction and then the position of Area Manager North Europe. He obtained his MSc in Engineering at Universita degli Studi di Roma La Sapienza. He worked in the consumers goods sector at Bolton Group as Electrical Department Manager –Engineering & Maintenance- at the Manufacturing Plant. Through more than 12 years in Technip Group he covered several and fast growing management roles in the areas of Estimating, Proposals, Engineering, and Construction for the Oil & Gas, Petrochemical, Power and other industries. The highest position covered from 2007 to 2009 was VP Engineering for all the On-Shore Facilities of the Group. Between Apr 2009 and Oct 2010 he joined the ICQ Holding where he started his carrier in the Renewables. He was working as Director of Process and Engineering in key business development programs. Between Oct 2010 and Feb 2014 he joined SunPower Corporation as Managing Director for both 3rd Party EPC and Captive Projects covering EMEA and APAC regions and leading the lines of business for Ground-Mounted Solar Power Plants as well as for Industrial and Commercial Roof Top Plants.

Elisabetta Olivieri

Ms. Elisabetta Olivieri acts as Independent Director of ERG S.P.A.. She is Member of the Strategic and Audit Committees of the Company. She graduated with honors in Electronic Engineering at the Universita degli Studi di Genova in 1987. She then developed her career in Marconi S.p.A., a company in telecommunications technologies, gradually acquiring roles of increasing responsibility and becoming Senior Vice President Strategies of Marconi Mobile S.p.A. In 2001 she joined Sirti Group, a company in the engineering of elecommunications networks, initially holding the position of Director of Strategies and Business Development. Then she was appointed General Manager of the Group and finally Chief Executive Officer. Since 2012 she has been the CEO of Gruppo Fabbri Vignola SpA, a company in the food packaging sector. Since 2010 she has served as non-executive Director of important Italian and foreign companies. From 2011 to 2014 she was Independent Director of ATM - Milan Transport Company, also holding the position of Chairman of the Supervisory Body. From 2012 to 2016 she was non-executive Director of Eutelsat S.A. and member of the Audit Committee. From 2010 to date, she is an independent director of SNAM.Since 2012 she has also been an independent Director of Gruppo Editoriale L'Espresso. Since 2014 she has been an independent Director of Banca Farmafactoring Group. Since 2016 she is also an independent Director of Sagat S.p.A., the management company of the Turin airport.Elisabetta is Chairwoman of the Foundation "Furio Solinas Onlus", a non-profit organization with charitable purposes.In 2008 she was awarded the honor of "Knight" of Merit of the Republic by the President of the Italian Republic. In 2016 she received by Federmanager - Aldai the award "Merit and Talent".

Mario Paterlini

Mr. Mario Paterlini acts as Independent Director of ERG S.P.A. He has been CEO, Board member Sapio Group, Various roles in Air Products and Chemicals lnc., Director Business Development (based in USA) Merchant Gases, General Manager Northern Continent and Centrai Europe, General Manager France, Commercial Manager France and Marketing Manager Performance lndustries Europe based in Brussels. He graduated at Université de Technologie de Compiègne 1987 - lngénieur/Masters.

Massimo Belcredi

Mr. Massimo Belcredi has served as Non-Executive Independent Director at ERG S.p.A. since April 29, 2003. He is also Member of Audit Committee of the Company. He served at IRS Istituto per la Ricerca Sociale from 1987 to 1991. He was Assistant Professor from 1991 to 1998, Associate Professor from 1998 to 2000 and he has been Full Professor of Corporate Finance within Universita Cattolica of Milan. He also taught in the University of Bologna (1994-1995), the Universita Cattolica of Piacenza (1994-1999) and the Universita della Svizzera Italiana (2005-2008). He has been Director of the Post-graduate course in Corporate Law and Economics, Universita Cattolica of Milan since 2004. He has been Independent Director of ARCA SGR SpA since 2001. He has also been Independent Director of Pirelli Tyre SpA since 2006. He has been a Chartered Accountant since 1989. He has been Consultant to Assonime on corporate governance, bankruptcy, corporate and securities Law and Economics since 2000. He was Member of Recruitment Commissions for Consob (2000-2001), Member of the Working Group for the revision of the Corporate Governance Code issued by Borsa Italiana (2005-2006); Member of the Working Group for the revision of the Corporate Governance Code issued by Assogestioni (2006-2007). He was in the Editorial board of Journal of Management and Governance (1998-2000), in the Program Committee of the European Financial Management Association Conference (2004), and Member of the Board of Directors of the European Financial Management Association (2005-2008). He is also Member of the European Corporate Governance Institute (ECGI), European Financial Management Association (EFMA) and Accademia Italiana di Economia Aziendale (AIDEA), as well as Director at Arca SGR SpA. He graduated in Economics and Commerce from Universita Cattolica del Sacro Cuore, Milano in April 1987.

Mara Caverni

Ms. Mara Anna Rita Caverni has acted as Non-Executive Independent Director of ERG S.P.A. since April 24, 2015. She is Member of the Audit Committees of the Company. She graduated from Universita Commerciale Luigi Bocconi, Milan – Degree in Economics and Finance. She has been Visiting Professor – Master in Merchant Banking at LIUC University till 2010, member of the committee of Master (FINBANK) at Università Cattolica in Milan from 2011 and co-author of a number of publications covering M&A Private Equity and Due Diligence subjects. Chartered accountant ("Dottore Commercialista") and chartered auditor ("Revisore legale dei Conti"). She has been Member of the Board of Eight International and Managing partner and founder of New Deal Advisors SpA. From 2003 to 2005 she was Head of PricewaterhouseCoopers European Private Equity Transactions.

Barbara Cominelli

Ms. Barbara Cominelli has acted as Non-Executive Independent Director of ERG S.P.A. since April 24, 2015. She is Member of the Remuneration and Nominating Committees. Barbara Cominelli has 25 years' of management experience in the ICT, Telco and Energy sectors in Italy and internationally. Her expertise covers General Management and P&L management, Strategy and M&As, Planning, Marketing, Large Operations and Corporate Governance, with a strong focus on innovation and digital transformation. She's currently Marketing and Operations Director in Microsoft Italy, in charge of developing the business and the market strategies of the company and accelerating the Italian digital transformation, leveraging on new technologies such as cloud, artificial intelligence and big data. Previously she spent 7 years with Vodafone, where she was Director of Commercial Operations and Digital, with responsibility for the digital and traditional channels, the Digital Transformation and the Wholesale business unit, with a team of 3000 people in multiple sites. In 2017 she's also been included in the Top 15 women in Digital in Italy by Digitalic and among the top 10 managers in technology by CorrieredellaSera. From 2003 to 2010 she served as Strategy, Marketing and Planning Director for Tenaris Dalmine (TEN.MI. From 1996 to 2000 she was Manager in the Management Consulting firm A.T. Kearney in the London and Milan offices. She started her career as Researcher and Assistant Professor at Universita Commerciale Luigi Bocconi, teaching Marketing and Industry analysis. She holds a degree 110/110 Summa cum Laude in Business Administration from Universita Commerciale Luigi Bocconi and the Master CEMS-MIM in International Management from Bocconi and ESADE (Barcelona); she also studied at the Rotterdam School of Management, Stanford and SDA Bocconi.

Marco Costaguta

Mr. Marco Costaguta has served as Non-Executive Independent Director of ERG S.p.A. since April 20, 2012. He is Member of the Strategic Committee of the Company. He graduate in 1984 at Politecnico of Milan, MSC Mechanical Engineering – 100 with Laude and in 1987 at INSEAD Paris – Master in Business Administration – With Distinction. From 1984 to 1985 Hewlett-Packard, Andover (MA), USA – Manufacturing: SQC for the production process of medical devices. From 1985 to 1988 McKinsey & Co. – Milan- Engagement Mananger - Strategy and Operations projects for several Multinational Companies: Consumer Goods – Manufacturers and Retailers – Supply Chain, DPP, Retail Format Strategy, Sales Force Redesign Oil and Energy – Distribution, Cost Reduction, PMI. From 1989 to May 2012 Bain & Company – Milan, London (1989 – 90), Instanbul (1997 – 2001) – Director - Strategy, Operations and Organization Projects across Europe: Consumer Goods: Portfolio Strategy, M&A/PMI, Operating Model definition, Sales and Distribution redesign, Internationalization (worked in about 30 countries) Retailing: M&A/PMI, format re design, International expansion, Promotional Effectiveness, Private Labels Strategy, Category Management Process Industries: Cost Reduction, Quality Improvement, Alliances/JV Service Industries: several projects for Distributors and Third Party Logistic Providers Information Technology, Media, Mechanical Industry: Performance Improvement, Turnaround, Organization, Cost Reduction, M&A Private Equity: Strategic due diligence in several sectors, and Portfolio Companies Performance Improvement Personal counsellor to Italian Family Groups on Governance, Succession Planning and Long term Strategy. Among the founders of Bain Italy in 1989.

Paolo Lanzoni

Mr. Paolo Francesco Lanzoni has served as Non-Executive Independent Director at ERG S.p.A. since April 29, 2003. He is Member of the Remuneration and Nominating Committees. From 1973 to 1975, he served at Smith Barney Harris Upham New York, Investment Bank. From 1979 to 1984, he served as Financial Controller of the Eledra Group. From 1985 to 1988, he was Assistant Director, securities brokerage sector of Caboto SpA Merchant Bank. From 1988 to 1990 he was Director of International Business and securities brokerage with the Ligure Piemontese Merchant Bank, Banca Popolare di Novara Group. From 1990 to 1991 he was Director of the Securities Brokerage Office with Banca d’America e d’Italia. From 1992 to April 1998 he was Chief Executive Officer of Deutsche Morgan Grenfell of Deutsche Bank A.G. Group, Director of DB Fondi and Director of DB Vita. From April 1998 to February 2003 he was Chief Executive Officer of Credit Suisse (Italy) SpA. From 2000 to 2004, he was Director of G. Raimondi & Co. SIM SpA. He has also been Director of Effusia Investimenti SGR SpA since September 2005, Director of Finservice Srl since May 2007 and Director of Dolphin Tanker since June 2007. He graduated from London School of Business in 1978. From 1972 to 1974 he studied at New York Institute of Finance.

Silvia Merlo

Ms. Silvia Merlo has acted as Non-Executive Independent Director of ERG S.P.A. since April 24, 2015. She is Chairman of the Remuneration and Nominating Committees of the Company. She holds a degree in Business Economics from LIUC of Castellanza (VA), Italy and a Bachelor Degree in Business Economics from SAA of Cuneo (CN), Italy. She worked at Merlo SpA as Chief Executive Officer, at Tecnoindustrie Merlo SpA as Chief Executive Officer. She was Member of the Boards of smaller companies of the Merlo Group (Treemme Tecnology S.r.l., Ibis S.p.A., Co.imm.i S.r.l., Ergos S.r.l., Movimatica S.r.l. and Centro Formazione e Ricerca Merlo S.r.l.), member of the board of Banca Cassa di Risparmio di Savigliano S.p.A and Member of the board of Leonardo S.p.A. She was Member of the Board also of Banca Nazionale del Lavoro S.p.A. and GEDI Gruppo Editoriale S.p.A.

Emanuela Delucchi