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Press Release

Brescia,  22  June  2017  –  The  Board  of  Directors  of  A2A,  which  met  today  chaired  by Giovanni  Valotti,  decided,  on  the basis  of  a  proposal  by  the  Remuneration  and Appointments  Committee  and  with  the  favourable  opinion  of  the  Board  of Statutory Auditors,  the  remuneration  of  the  Chairman,  the  Vice  Chairman  and  the  CEO  of  the company and of the members of the internal committees.

The Board also attributed Valerio Camerano, previously appointed Chief Executive Officer on 17 May 2017, the additional role and responsibilities of Managing Director.   

More  specifically,  today's  Board  resolved  to  attribute  the  following  remuneration  for particular roles:

  • Chairman, an annual gross remuneration of 250,000 euros (in addition to gross-up charges estimated at 12,745 euros), with no variable component;
  • Vice  Chairman,  a  gross  remuneration  of  40,000 euros  per  year,  with  no  variable component, granted for responsibility of the A2A Group's Internal Audit department;
  • Chief  Executive  Officer,  a  gross  remuneration  of  120,000  euros  per  year  and  a variable compensation linked to the achievement of objectives set in the Incentive Plan, up to a maximum value of 80,000 euros;
  • Managing Director, a gross remuneration of 500,000 euros per year and an annual variable remuneration linked to the achievement of objectives set in the Incentive Plan, up to a maximum value of 200,000 euros;

The previous remuneration of the Committees are confirmed, and therefore:

  • Control  and  Risk  Committee:  gross  compensation  of  30,000  euros  for  the Chairman, gross compensation of 20,000 euros for each member;
  • Remuneration and Appointments Committee: gross compensation of 20,000 euros for the Chairman, gross compensation of 19,000 euros for each member;
  • Sustainability and Territory Committee: gross compensation of 20,000 euros for the Chairman, gross compensation of 19,000 euros for each member.

 

Contacts

 

A2A - Media Relations   
Giuseppe Mariano    
Tel. +39-02 7720.4583  
ufficiostampa@a2a.eu   
 
Investor Relations
Tel.+39-02 7720.3974
ir@a2a.eu

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