ROMA (ITALPRESS) – Following the communiqué of 21 April 2026, TERNA S.p.A. today, the CEO and General Manager of TERNA S.p.A., Ing. Giuseppina Di Foggia, signed an agreement for the early cessation of the management report and for the consensus resolution of the existing management work relationship with effect from 5 May 2026, which is not included in any list for the appointment of the Company’s next Board of Directors. The agreement also provided for, subject to the appointment as Chairman of the Board of Directors of ENI S.p.A., the waiver of Ing. From Foggia to the supplementary benefit for the position of Director-General. A precautionary amount of Euro 7,189,750 was precautionary. The agreement was signed in accordance with the determinations adopted on 24 April by the Board of Directors of the Company, with the support of the Remuneration and Appointment Committee and the Operations Committee with Related Parties. It is remembered that the Engineer Giuseppina Di Foggia, executive and non-independent, was elected by the Assembly of 9 May 2023 as part of the majority list presented by CDP RETI S.p.A. and on the same date began its management work relationship with the Company. The Company states that at today’s date the Chief Executive Officer holds no. 84,871 shares of TERNA S.p.A., which are reviewed by the Performance Plan Share 2022 – 2026.
Also in application of the approval of the Board of Directors on 9 May 2023 and of what described in the Reports on the Remuneration Policy for the years 2024 and 2025 submitted, with a favourable outcome, to the binding vote of the Shareholders’ Meeting respectively in the sessions of 10/05/2024 and 21/05/2025, as well as in the Report on the Remuneration Policy 2026 approved with deliberation of the Board of Directors on 26 March 2026 and subject to the approval of Shareholders In Foggia, for the office of Chief Executive Officer, of an end-of-order treatment equal to Euro 108.750 gross. To this will be added the competences of end-of-the-counter relationship and what is pertaining to the rights accrued in the context of participation in short and long-term incentive systems, in full and rigorous respect of the Company’s Remuneration Policy. The whole was determined in line with the applicable legal and contract provisions, as well as in accordance with and in accordance with the provisions of the Remuneration Policy adopted by Terna (including the mechanisms referred to in the so-called claw back clauses) and in the Remuneration Policy Report prepared pursuant to Article 123-ter of the TUF, approved by deliberation of the Board of Directors on 26 March 2026 and subject to the binding vote of the next.
The sums and final reporting skills mentioned above will be paid by the end of next month, except for the premiums which may be paid by virtue of the short- and long-term incentive systems which will be granted pro rata temporis according to the respective timings, together with the final reporting skills. No noncompetition constraint is foreseen after the termination of the relationship and therefore no consideration will be due to this. It is specified that, taking into account that the Engineer of Foggia is a related part of the Company as a manager with strategic responsibilities and that the sums will be provided under the agreements of the transactive agreement, the aforementioned deliberation of the Board of Directors has been preceded – as well as by the opinion of the Remuneration and Appointment Committee – by a reasoned non-binding opinion of the Operations Committee with Corrected Parties pursuant to the relevant operations. with related parts. In line with the succession plan adopted by the company, at the result of the termination of the Engineer Di Foggia from the assignments held in Terna SpA, President Igor De Biasio will assume the powers for the immediate management of the Company, with the same prerogatives and the same limits previously provided for the Chief Executive Officer, until the Assembly of 12 May 2026, already called for the renewal of the social bodies. This is not provided for additional benefits or allowances in respect of compensation paid by President Igor De Biasio as Chairman of the Board of Directors and the Sustainability, Governance and Scenery Committee. The Company thanks the CEO for the valuable professional and human contribution made during the term.
– photo of repertoire press office Terna –
(ITALPRESS).
