New BoD for Acea. The shareholders' meeting of the Roman multiutility approved the proposal to reduce the number of directors from nine to seven and appointed the new members. These are Catia Tomasetti (also elected president), Alberto Irace, Elisabetta Maggini, Paola Profeta, Francesco Caltagirone, Giovanni Giani and Diane D'Arras. The first four were proposed by the Campidoglio (majority shareholder with 51%), while the last two represent the Suez group (which controls 11,5% of Acea).
“The new board of directors will ensure maximum effectiveness in producing profits – commented the mayor of Rome, Ignazio Marino -, but he also fully shared the strategic direction that we have indicated: to make Acea increasingly a protagonist of our future. The first sign in this direction is precisely the indication of a BoD reduced in the number of members and in costs, so much so that the entirety of the new Board will cost around 30% of the total cost of what it has cost up to now”.
The assembly also gave the go-ahead to cut compensation. The maximum values for the remuneration of directors are set for a total of no more than 792.000 euros, compared to the more than 2 million euros paid in 2013.
Green light also for the 2013 financial statements, which closed with a net profit of approximately 142 million, an increase of 83,3% compared to 2012. The shareholders' meeting also approved the distribution of a dividend of 42 cents per share (30 cents in 2012): the majority shareholder Roma Capitale writes a check for 45,6 million.
