Governance System

Elica S.p.A. has adhered to the Corporate Governance Code of Borsa Italiana ( Italian Stock Exchange) since 30 October 2020, thus adopting a Corporate Governance system which is in line with national and international best practices .

The company has implemented a traditional administration and control model: company management is performed by a Board of Directors assisted by internal board Committees (an Appointment and Remuneration Committee and a Control, Risk and Sustainability Committee), while supervisory functions are carried out by a Board of Statutory Auditors.

Board of Directors

Francesco Casoli

The art of knowing how to listen and choose people: therein lies the secret to the perfect inspiration driving this company every day.
With a vision made up of delegation, passion, talent and invention.

Francesco Casoli

Executive Chairman

His professional career as entrepreneur began at a very young age when he joined the family business following the loss of his father Ermanno.

He started to hold the position of CEO in Elica in 1990 and has been Chairman since 2006.

Between 2005 and 2006, he also held the position of Chairman at Assindustria in the province of Ancona.

From 2006 to 2013 was also Senator of the Italian Republic.

From 2019 to 2023 he served as Chairman of AIDAF (Italian Family Business Association). 

Among others, he holds the following positions as:

  • Vice Chairman and Director of the Ermanno Casoli Foundation;
  • Member of the Board of Directors of Fileni Alimentare S.p.a.

He was awarded the title of ‘Cavaliere del Lavoro’ (Order of Merit for Labour) by the president of the Italian Republic in 2017.

A fond cultivator of art, he promoted the International Prize for Contemporary Art ‘Ermanno Casoli’ in 1998, dedicated to the memory of his late father, which gave rise to the homonymous foundation in 2007 that promotes contemporary art and other cultural activities of artistic, musical and literary nature.

Giulio Cocci

Giulio Cocci

Chief Executive Officer

Obtains a degree in Business and Economics at the Giorgio Fuà faculty of the Polytechnic University of the Marche.

After having held the position of Group Chief Financial Officer at Elica, he was appointed as Chief Executive Officer in March 2021.

During his professional career marked by 20 years of international experience in complex multinational companies as Group CFO, Corporate Controller, IR, he has gained a wide knowledge of operational and commercial processes, restructuring and turnaround acquired through positions of increasing responsibility held in the United Kingdom, Italy, Spain, Turkey and Russia.

From 2009 to 2011 he was CFO & Back Office Manager in Spain at Indesit, the group where he covered the role of CFO Turkey in the following 2 years. Furthermore, he held the position of Regional Finance Director East Europe at Indesit until 2014. In the same year he joined Whirlpool as CFO Russian Federation & CIS till 2017.

Elio Cosimo Catania

Elio Cosimo Catania

Chairman of the Nomination and Remuneration Committee (NRC) and CRSC member

Obtains a degree in Engineering at the University of La Sapienza in Rome, and then a Master Degree in Management Science at the ‘Sloan Fellow School’ of Massachusetts Institute of Technology (MIT) in Boston.

Presides as chairman at Quid S.p.a. and is member of the Assonime Committee for US-Italian Relations and of the Management Board of the ASPHI Onlus Foundation.

An important part of his professional career was spent at IBM, where he covered key positions as Chairman and CEO of IBM in Latin America, South Europe and Italy and sat as a Member of the Global Management Council. He has occupied further positions as Chairman and CEO of the Italian State Railways, Milan Transport Company (ATM) and Deputy Vice- Chairman of Alitalia; furthermore, he was Chairman of Confindustria Digitale and Vice-Chairman of CNEL. He was a member of the Board of Directors at Luiss, BNL, Intesa San Paolo and Telecom Italia.

He is also advisor to the Minister of Agriculture.

In 2001 he was awarded the title of ‘Cavaliere del Lavoro’ (Order of Merit for Labour) by the President of the Italian Republic.

Monica Nicolini

Monica Nicolini

NRC and CRSC member and Lead Independent Director

Obtains a degree in Legal Studies at the University Carlo Bo in Urbino, registered with the National Registrar of Lawyers and Attorneys since 1993, law practitioner since 1987, admitted as lawyer of the Supreme Court in 2005. Associate of Perrulli-Bricca Studio until July 1999, in September of the same year founded and is the owner of the Monica Nicolini Law Firm, which has been cooperating with the legal studio Delfino Willkie Farr & Gallagher LLP since 2008.

Currently member of the Board of Directors of the Ermanno Casoli Foundation, Nuovo Cinema Foundation and Rossini Opera Festival Foundation.

In her professional career she has gained specific knowledge and over 10 years’ experience in the field of M&A, Private Equity and Capital Market for national and international groups in the steel, oil, pharmaceutical and construction sectors.

She has also gained specific knowledge in the credit field holding legal assistance assignments for leading banking groups and also providing consultancy services to chairmen and statutory auditors board members of listed and unlisted companies.

Among others, she holds the following positions as:

  • Chairman and member of the Management Board at ABIO, Associazione per il Bambino In Ospedale onlus (Association For Children in Hospital);
  • Associate member of the Bellisario Foundation; member of WCD, Woman Corporate Directors.

She delivers lectures in courses, seminars and is speaker at conferences on matters related to corporate issues, in particular regarding the generational transition and the tools to allocate and protect assets.

Angelo Catapano

Angelo Catapano

NRC and CRSC member

Graduates with cum laude (with distinction) in Business and Economics at the Federico II University in Naples, and obtains a Master degree in Business Administration at the Company Management School (SDA) of Bocconi University.

Senior Partner and Co-Founder of Itaca Equity, an investment company launched by Sergio Iasi, Massimo Lucchini and Tamburi Investment Partners, which has the participation of forty-two Italian Family Offices, that financially support companies in difficulty through capitalisation and/or strategic repositioning.

During his professional career marked by 30 years’ experience in financial and strategic consulting, he has held positions as Entrepreneur and Founder, Executive Manager and Senior Advisor at Long Term Partners and financial consultancy companies dealing with M&A and Private Equity (principally Medinvest S.p.a.), holding positions also in financial companies and Private Equity Funds (Medinvest International S.c.a. and Fondo Progressio II).

He has also held positions in Industrial groups such as Gruppo Ferruzzi/Montedison, Gruppo Enimont and SIR group, at the onset of his professional career.

Susanna Zucchelli

Susanna Zucchelli

Chairman of the Control , Risk and Sustainability Committee (CCRS) and CNR member

Susanna has been with Hera since 2006, where she has held senior positions in various group companies. She is currently Director of the Water sector, and her role entails the management of networks and plants for integrated water service throughout Hera spa's territory; she is also Diversity Manager of Hera Group, with the aim of developing and consolidating policies on equality in the workplace, equal opportunities and fostering diversity.

Susanna has gained significant experience in numerous companies through her past work experiences: from 2002 to 2006, she was CEO of Geasar S.p.A., Costa Smeralda Airport Management Company, inaugurating the new air terminal, highly boosting tourist, commercial and cultural development of the area; from 1996 to 2002, she was Sales and Marketing Director of Save S.p.A., Marco Polo Venice Airport; from 1992 to 1996, she was Marketing and Communication Manager of Marconi Bologna Airport S.p.A.

Susanna was Chairman of Promobologna and an independent director of the Boards of Directors of Interporto Bologna S.p.A., BolognaFiere S.p.A. and SEA S.p. A - Milan Airports.

She is currently a member of the Board of Directors of Valsoia S.p.A. and Elica S.p.A.

She is a D-value councilor, member of the ANCE Emilia Presidential Council and coordinator of the Bellisario Emilia-Romagna Foundation. Since 2021, she has been a councilor of the Emilia-Romagna Committee of the AIRC Foundation for Cancer Research.

She has also held various positions with numerous Italian and European associations.

In 2005, she published “Un’ ora sola io vorrei, manuale per riprendersi il tempo che c’è” with Cinzia Sasso , ed. Sperling and Kupfer.

After graduating from the University of Bologna with a degree in Modern Languages, she specialized in marketing, sales and business management, also earning a Master's degree in Business Administration.

Liliana Fratini Passi

Liliana Fratini Passi

NRC and CRSC member

Obtains a degree in Business & Economics at the University of Sapienza in Rome, and then a Master Degree in Economics and Management for Financial and Insurance Brokers at Luiss Business School in Rome.

Appointed as General Director of CBI S.c.p.a., a company developing transactional digital and payment products and services for banks, financial brokers and Public Administrations.

In her professional career she was also appointed as Expert for the European Commission on e-Invoicing matters and has chaired the Committee on Trade Facilitation at the Ministry for Economic Development.

Among others, she holds the following positions as:

  • Vice-Chairman at UN/CEFACT (United Nations Centre for the facilitation of commercial trade and electronic business) on International Supply Chain;
  • Italian Representative at ISO TC68 Financial Services and ISO20022 RMG (Registration Management Group);
  • Board member at UNINFO (National Body for Standardization for Information Technologies and related applications).

Author of numerous articles published on national and international magazines, key note speaker, well-acknowledged opinion leader on matters regarding e-payment and open finance.

Board of Statutory Auditors

Giovanni Frezzotti

Giovanni Frezzotti

President

Registered with the national Registrar of Chartered Accountants and Accounting Experts in Ancona since 1965 as well as with the Registrar of Statutory Auditors.

He has occupied and still holds the position as Board Director, Chairman of the Board of Statutory Auditors or Acting Auditor and member of the Supervisory Boards of banking, financial, industrial and real estate firms. Furthermore, he practises exclusively as a full time Public Accountant.

During his professional career, he has covered ever-increasing roles of responsibility: from 1976 to 1994 was Councilor of the Association of Chartered Accountants for the districts of the Courts of Ancona and Camerino; Acting Auditor from 1976 al 1985 and Chairman of the Board of Statutory Auditors of the Banca Popolare of Ancona S.p.A. from 1985 to 1998; from 1994 to 2013, Acting Auditor of Centrobanca S.p.A., incorporated into UBI BANCA S.p.A. in 2013; from 2014 to 2017, Administrator of Banca Popolare of Ancona S.p.A., incorporated into UBI BANCA S.p.A. in 2017.

Massimiliano Belli

Massimiliano Belli

Acting statutory auditor

Law practitioner, obtains a degree in Legal Studies at the “Guido Carli” Luiss University in Rome, and attends further professional studies in Ancona and Bologna. Qualified as a barrister/ advocate to appear in front of the Supreme Court and other higher legal jurisdictions since 28 November 2012. In 2005 obtains a doctorate in research specifically in “Law and Penal Proceedings” at the University of Macerata.

Since 27 April 2018, he has been sitting as Acting Auditor at Elica S.p.A.

In his professional career he has dealt with corporate law and specifically Corporate Penal Law.

Since the outset of his career he has combined his legal profession with research and university lecturing activities, specifically as:

  • Sessional Lecturer on "Commercial Penal Law", at the faculty of legal studies at Macerata. – head-office Jesi (academic years 1999/2000 - 2004/2005);
  • Sessional Lecturer on "Corporate Economy penal law " at the faculty of Economics –University of Macerata (academic years 2006/2007 – 2011/2012);
  • Sessional/contract Professor at the Post-Graduate Specialty School for Legal Professionals at the University of Bologna (academic years: 2015/2016 - 2020/2021).

Among others, he holds the following positions as:

  • Member of the Management Board of the Penal Chamber of Ancona since 2014;
  • Member of the Monitoring Centre of the Supreme Court of the Union of Italian Penal Chambers since 2019;
  • Member of the Scientific Committee of the Legal School of the Bar Council of Ancona since 2017;
  • Member of the Management Board of the Italian National Tax Consultant Association – Marche region since 2021.

He is speaker and lecturer at university and professional specialization courses, conferences, seminars and is the author of publications principally on corporate penal matters.

Simona Romagnoli

Simona Romagnoli

Acting statutory auditor

Obtains a degree in Business and Economics at the University of Ancona in 1996; she has been registered with the National Registrar of Chartered Accountants and Accounting Experts in Ancona since 2000. She has been registered with the Auditor Registrars since 2001, and in the same year was included in the Court-appointed Expert Witness List (CTU) and in the National Registrar of Penal Experts at the Court of Ancona.

Appointed by the Court of Ancona as official receiver and trustee in bankruptcy, she specialises in the management of bankruptcy proceedings.

Was appointed by the Court of Ancona as liquidator of an important company with headquarters in the province of Ascoli Piceno, dealing with industrial management for the sale of operating companies. Sits as member of various Statutory Auditor Boards and is member of the Board of Directors of a local cooperative credit bank. Member of the steering committee of ‘Centro Studio di Diritto Fallimentare’ (Legal Studio on bankruptcy law), acting as Treasurer.

Committees

Elio Cosimo Catania

Elio Cosimo Catania

Chairman of the Nomination and Remuneration Committee

Obtains a degree in Engineering at the University of La Sapienza in Rome, and then a Master Degree in Management Science at the ‘Sloan Fellow School’ of Massachusetts Institute of Technology (MIT) in Boston.

Presides as chairman at Quid S.p.a. and is member of the Assonime Committee for US-Italian Relations and of the Management Board of the ASPHI Onlus Foundation.

An important part of his professional career was spent at IBM, where he covered key positions as Chairman and CEO of IBM in Latin America, South Europe and Italy and sat as a Member of the Global Management Council. He has occupied further positions as Chairman and CEO of the Italian State Railways, Milan Transport Company (ATM) and Deputy Vice- Chairman of Alitalia; furthermore, he was Chairman of Confindustria Digitale and Vice-Chairman of CNEL. He was a member of the Board of Directors at Luiss, BNL, Intesa San Paolo and Telecom Italia.

He is also advisor to the Minister of Agriculture.

In 2001 he was awarded the title of ‘Cavaliere del Lavoro’ (Order of Merit for Labour) by the President of the Italian Republic.

Susanna Zucchelli

Susanna Zucchelli

Chairman of the Control, Risk and Sustainability Committee

Susanna has been with Hera since 2006, where she has held senior positions in various group companies. She is currently Director of the Water sector, and her role entails the management of networks and plants for integrated water service throughout Hera spa's territory; she is also Diversity Manager of Hera Group, with the aim of developing and consolidating policies on equality in the workplace, equal opportunities and fostering diversity.

Susanna has gained significant experience in numerous companies through her past work experiences: from 2002 to 2006, she was CEO of Geasar S.p.A., Costa Smeralda Airport Management Company, inaugurating the new air terminal, highly boosting tourist, commercial and cultural development of the area; from 1996 to 2002, she was Sales and Marketing Director of Save S.p.A., Marco Polo Venice Airport; from 1992 to 1996, she was Marketing and Communication Manager of Marconi Bologna Airport S.p.A.

Susanna was Chairman of Promobologna and an independent director of the Boards of Directors of Interporto Bologna S.p.A., BolognaFiere S.p.A. and SEA S.p. A - Milan Airports.

She is currently a member of the Board of Directors of Valsoia S.p.A. and Elica S.p.A.

She is a D-value councilor, member of the ANCE Emilia Presidential Council and coordinator of the Bellisario Emilia-Romagna Foundation. Since 2021, she has been a councilor of the Emilia-Romagna Committee of the AIRC Foundation for Cancer Research.

She has also held various positions with numerous Italian and European associations.

In 2005, she published “Un’ ora sola io vorrei, manuale per riprendersi il tempo che c’è” with Cinzia Sasso , ed. Sperling and Kupfer.

After graduating from the University of Bologna with a degree in Modern Languages, she specialized in marketing, sales and business management, also earning a Master's degree in Business Administration.

Monica Nicolini

Monica Nicolini

Member of Board of Directors *

Obtains a degree in Legal Studies at the University Carlo Bo in Urbino, registered with the National Registrar of Lawyers and Attorneys since 1993, law practitioner since 1987, admitted as lawyer of the Supreme Court in 2005. Associate of Perrulli-Bricca Studio until July 1999, in September of the same year founded and is the owner of the Monica Nicolini Law Firm, which has been cooperating with the legal studio Delfino Willkie Farr & Gallagher LLP since 2008.

Currently member of the Board of Directors of the Ermanno Casoli Foundation, Nuovo Cinema Foundation and Rossini Opera Festival Foundation.

In her professional career she has gained specific knowledge and over 10 years’ experience in the field of M&A, Private Equity and Capital Market for national and international groups in the steel, oil, pharmaceutical and construction sectors.

She has also gained specific knowledge in the credit field holding legal assistance assignments for leading banking groups and also providing consultancy services to chairmen and statutory auditors board members of listed and unlisted companies.

Among others, she holds the following positions as:

  • Chairman and member of the Management Board at ABIO, Associazione per il Bambino In Ospedale onlus (Association For Children in Hospital);
  • Associate member of the Bellisario Foundation; member of WCD, Woman Corporate Directors.

She delivers lectures in courses, seminars and is speaker at conferences on matters related to corporate issues, in particular regarding the generational transition and the tools to allocate and protect assets.

Angelo Catapano

Angelo Catapano

Member of Board of Directors *

Graduates with cum laude (with distinction) in Business and Economics at the Federico II University in Naples, and obtains a Master degree in Business Administration at the Company Management School (SDA) of Bocconi University.

Senior Partner and Co-Founder of Itaca Equity, an investment company launched by Sergio Iasi, Massimo Lucchini and Tamburi Investment Partners, which has the participation of forty-two Italian Family Offices, that financially support companies in difficulty through capitalisation and/or strategic repositioning.

During his professional career marked by 30 years’ experience in financial and strategic consulting, he has held positions as Entrepreneur and Founder, Executive Manager and Senior Advisor at Long Term Partners and financial consultancy companies dealing with M&A and Private Equity (principally Medinvest S.p.a.), holding positions also in financial companies and Private Equity Funds (Medinvest International S.c.a. and Fondo Progressio II).

He has also held positions in Industrial groups such as Gruppo Ferruzzi/Montedison, Gruppo Enimont and SIR group, at the onset of his professional career.

Liliana Fratini Passi

Liliana Fratini Passi

Member of Board of Directors *

Obtains a degree in Business & Economics at the University of Sapienza in Rome, and then a Master Degree in Economics and Management for Financial and Insurance Brokers at Luiss Business School in Rome.

Appointed as General Director of CBI S.c.p.a., a company developing transactional digital and payment products and services for banks, financial brokers and Public Administrations.

In her professional career she was also appointed as Expert for the European Commission on e-Invoicing matters and has chaired the Committee on Trade Facilitation at the Ministry for Economic Development.

Among others, she holds the following positions as:

  • Vice-Chairman at UN/CEFACT (United Nations Centre for the facilitation of commercial trade and electronic business) on International Supply Chain;
  • Italian Representative at ISO TC68 Financial Services and ISO20022 RMG (Registration Management Group);
  • Board member at UNINFO (National Body for Standardization for Information Technologies and related applications).

Author of numerous articles published on national and international magazines, key note speaker, well-acknowledged opinion leader on matters regarding e-payment and open finance.

 

FRANCESCO CASOLI

Presidente Esecutivo
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* Independent administrator as defined in article 3 of Rules for price sensitive information.

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