rises to 1 million shares (equal to 6 million euros) – Corriere.it

Enel’s chief executive officer and general manager, Flavio Cattaneo, bought 500,000 Enel shares through a wholly owned subsidiary of Enel, at the weighted average price of 5.846 euros per share. Furthermore, he directly purchased a further 200,000 Enel shares at the weighted average price of 5.8409 euros per share. This was announced in a press release dated June 1 by the energy group according to which Flavio Cattaneo currently holds a total of 1,000,000 Enel shares, also considering the 300,000 Enel shares he already holds. Enel shares rose on June 2 and around 11 in the morning moved above 6 euros per share. At the current share price, the total equivalent value of the share package is 6 million euro.

Internal reorganisation

In the meantime, moves on the internal reorganization of the group are awaited, which according to rumors should start from the head of finance. Three weeks after his arrival at the helm of Enel, the new CEO Flavio Cattaneo is reportedly considering changes to top managers. The first could concern the chief financial officer Alberto De Paoli who, according to what Bloomberg reports, could be replaced by Stefano De Angelis, CFO of Tim Brasil until 2018 and currently in . De Paoli should be relocated to another position of responsibility within the group. Enel has announced that at the moment no decision has been made in this regard.