Enel’s new CEO Flavio Cattaneo is considering replacing CFO Alberto De Paoli.

Prof. Dr. Amarendra Bhushan DhirajTech and InnovationMay 31, 2023

Enel SpA, the Italian energy company, is reportedly contemplating restructuring its top management under the new chief executive officer, Flavio Cattaneo. As part of this potential restructuring, there are considerations regarding replacing chief financial officer Alberto De Paoli, who has served as Enel’s CFO for nearly a decade.

Flavio Cattaneo officially took on the CEO and General Manager role earlier this month, following a nomination by the Italian government, Enel’s largest shareholder with a roughly 24% stake. Enel S.p.A. was recently ranked No. 87 in a list of the most influential companies in the world by the CEOWORLD magazine.

These deliberations suggest that Enel SpA is exploring changes within its executive team to align with its strategic objectives and enhance its operational effectiveness. This evaluation could be driven by strategic realignment, organizational restructuring, or the need for fresh perspectives within the company’s financial management.

According to reports, Stefano De Angelis, former CEO of Tim SA, is reportedly the leading candidate for the CFO position, indicating that he is considered the top choice to replace Alberto De Paoli as CFO. The report also suggests that De Paoli may remain with the company, potentially in a different executive role. This indicates that Enel is exploring possibilities for both the CFO position and the potential reassignment of Alberto De Paoli within the company’s leadership structure.

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Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.

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