Stefano Cuzzilla, born in Rome in 1965, will be Chairman of Terna starting in May 2026. A law graduate with a Master's degree in Healthcare Economics and Management, he has extensive experience at the top of association and institutional management, with a particular focus on welfare and the representation of high-level professionals. For nearly a decade, he was the face of Federmanager, of which he assumed the national presidency in 2015 until November 2024. Since June 2022, he has been president of CIDA, the confederation representing managers and high-level professionals in the public and private sectors. Alongside his association activities, Cuzzilla has developed a strong managerial profile in large Italian groups. Since May 2023, he has served as President of Trenitalia, after having been a member of the board of directors of the Ferrovie dello Stato Italiane Group since 2021. Until May 2026, he was a member of the Board of Directors of Cassa Depositi e Prestiti and, previously, of Cassa Depositi e Prestiti Venture Capital. In the welfare sector, he is CEO and General Manager of I.W.S. (an organization formed by the merger of Confindustria, Federmanager, Fasi, and Previndai). He is also President of 4.Manager, an association dedicated to the development of managerial skills and corporate culture. He collaborates with universities and research centers on management and integrative welfare and is the author of articles and publications dedicated to the future of work and leadership. His books include "Il buon lavoro. Cura e benessere delle persone nelle imprese italiane," published by Luiss University Press, and "She Leads. La parity di genere nel futuro del lavoro," published by Il Sole 24 Ore.

Brand

Terna is Italy's transmission system operator (TSO) and Europe's largest independent electricity transmission system operator. The company owns and operates Italy's National Transmission Grid (NTG), the high- and extra-high-voltage infrastructure that enables the secure and reliable transmission of electricity throughout the country. As the operator of the national transmission grid, Terna does not generate electricity. Its role is to ensure that electricity is transmitted safely, efficiently and continuously from generation sources to distribution networks, guaranteeing the reliability of the power system and enabling households and businesses to access electricity at all times.

Terna manages one of Europe's largest and most advanced electricity transmission networks, comprising approximately 76,000 km of high- and extra-high-voltage power lines, 926 electrical substations and 30 cross-border interconnections. The company is supported by a workforce of approximately 7,200 professionals.

Terna's mission is to ensure the security, quality and efficiency of Italy's electricity transmission service while providing non-discriminatory access to the grid for all market participants. The company is also committed to developing the national transmission network and strengthening its integration with the European electricity system.

Listed on the Italian Stock Exchange since 23 June 2004 and included in the FTSE MIB index, Terna plays a pivotal role in enabling Italy's energy transition. Through strategic investments in grid infrastructure, digitalisation and interconnections, the company facilitates the integration of renewable energy sources, enhances the resilience of the electricity system and contributes to the achievement of Italy's and the European Union's climate and energy objectives.