Fabrizio Palermo is the CEO of Acea. Born in 1971 in Perugia, Palermo graduated with honors in Economics and Commerce from La Sapienza in Rome in 1994. From 1995 to 1998, he was a Financial Analyst in the Investment Banking Division of Morgan Stanley. From 1998 to 2005, he worked as a strategic consultant at McKinsey & Company. He joined Fincantieri in 2005 and became CFO in 2006, a position he held until 2014. Additionally, at Fincantieri, he served as Deputy General Manager from 2011 to 2014. In 2014, he finally joined Cassa depositi e prestiti as CFO. From 2018 to 2021, he was the CEO and General Manager of Cassa depositi e prestiti and presented the 2019-2021 Industrial Plan "From Italy for Italy," aimed at the development of infrastructure, support for businesses, and services for citizens and communities. In September 2022, he was appointed CEO of Acea. Throughout his career, he has also served as CEO of CDP Reti S.p.A., was a member of the Board of Directors of Fincantieri S.p.A., of the Executive Committee of Assonime, of the Council of the American Studies Center, and is Co-chairman of the Italy-China Business Forum, as well as a member of the Advisory Board of the Italian Presidency of the B20. During his career, he has also been Chairman of the Board of Directors of CDP Equity S.p.A., has been part of the Boards of Directors of Fincantieri Usa Inc., Vard Group As, and Vard Holdings Limited, a company listed on the Singapore Stock Exchange for which he was also a member of the Remuneration Committee, a member of the Board of Directors of Open Fiber S.p.A., of Risparmio Holding S.p.A., of Equam S.p.A., a member of the Investors Committee of the Italian Recovery Fund and of the Investors Committee of the Atlante Fund.
Acea, an acronym for Municipal Company for Energy and Environment, is a public Italian company holding a group active in the environmental (waste management), energy (production and distribution of electricity), and water sectors. The company's capital is divided in a public-private mix between Rome Capital, the majority shareholder, the French company SUEZ, and entrepreneur Francesco Gaetano Caltagirone, while part of the shares is allocated to the market through listing on the Italian Stock Exchange in the FTSE Italia Mid Cap index.
In the water sector, also through its subsidiaries, Acea is the main Italian operator with a user base of about 9 million inhabitants, mainly due to the management of the integrated water service in the optimal territorial areas (ATO) of Rome and Frosinone and in their respective metropolitan areas. Its activities are mainly concentrated in Lazio, Campania, Molise, Tuscany, and Umbria, as well as in some countries of South America including Honduras, Peru, and the Dominican Republic.
Top Manager Certificate: Fabrizio Palermo
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