Paolo Scaroni

Paolo Scaroni (born 28 November 1946) is an Italian businessman and banker, currently the chairman of Enel and AC Milan. Between 2002 and 2014 he was the CEO (chief executive officer) of Italian energy companies Enel and Eni.

Education In 1969, Scaroni graduated from Bocconi University of Milan in the field of economics. In 1973, he obtained an MBA from Columbia Business School.

Enel and Eni From May 2002 to May 2005, Scaroni served as CEO of Enel, Italy's leading electricity company. In 2005, he was appointed CEO of ENI, the Italian multinational energy company, considered one of the seven world supermajors. In his nine years at ENI, Scaroni reduced the weight of oil in favour of natural gas, seen as an intermediate transition combustible in the path toward even more sustainable sources. In 2012, Eni was included in the Carbon Performance Leadership Index, which scores companies based on their commitment to transparency and environmental leadership. During Scaroni's tenure, ENI's net worth increased from €39 billion to €61 billion. He left his role in 2014. In June 2020, Li accused Scaroni of having a conflict of interest in the club's management. Among other issues, Li cited Scaroni's position as deputy chairman of Rothschild Italia (which advised on the acquisition of the club), as well as his prior business relationship with Elliott. AC Milan won the Scudetto Serie A in 2021–2022 with Scaroni as President of AC Milan on 22 May 2022, and he was confirmed in his position as chairman in September 2022, following the acquisition of Milan by US fund RedBird.

Other current and past roles In addition to his executive management position, Scaroni, has or has had numerous non-executive roles, amongst which:

Deputy Chairman of Rothchild & Co. Chairman of Sicura SpA Chairman of Alliance Unichem board member of ABN AMRO board member of Alstom

Political and economic views Scaroni has never taken political positions supporting one particular party or coalition, and is considered as having excellent relationship and supporters across the political spectrum.

When questioned on energy transition and sustainability he has often stressed that renewable energy sources alone will not be sufficient to achieve the ambitious reduction goals that Europe has set. According to Scaroni such goals can only be met if, in addition to the use of renewables, a strong emphasis is put on energy efficiency measures and a pervasive reengineering of industrial processes. He also is an advocate of the use of nuclear energy as a way to reduce .

Honours In 2004, Scaroni was decorated as Cavaliere del Lavoro. In November 2007 Scaroni was decorated as a member of the Légion d'honneur.

Subsequently, in his roles as CEO of ENEL and ENI, Scaroni was involved in three judicial investigations (ENEL Porto Tolle, ENI/Saipem Algeria, ENI/Shell Nigeria) but, on those, he was definitively acquainted in 2017, 2020, and 2022 respectively.