The conquest of the Capitol by the grillini and the arrival of the new mayor Virginia Raggi will cause an earthquake at the top of the companies owned by the Municipality. In the eye of the storm there is above all Acea, the electricity and water company 51% controlled by the Municipality of Rome, listed on the Stock Exchange and managed by managers close to the Democratic Party. The president of Acea, Catia Tomasetti, has already declared that she is ready to resign to devote herself entirely to her other position, that of president of the Banca di Cesena, but it is clear that her choices are mainly influenced by the changing of the guard in Campidoglio . The CEO of Acea, Alberto Irace, a manager respected by Prime Minister Matteo Renzi, on the other hand seems willing to remain in his place until the 2017 deadline, unless Raggi provides otherwise, taking on the inevitable costly penalties of dismissal.
The Acea case is very delicate, both because the company is listed and because there are large private investors in the capital, such as the Caltagirone group. But already in the electoral campaign, Raggi had promised battle, airing a replacement of the top management and an improbable publicity of the water sector which would have stellar and completely unsustainable costs for a super-indebted municipality like that of Rome. The fact remains that Acea is already suffering on the Stock Exchange: yesterday it lost 4,6% but due to the dividend effect rather than the Raggi effect. Today the stock is back just above parity but has lost more than 15% in the last month.
The resignations at the top of the companies owned by the Municipality of Rome will not only concern Acea. Already tomorrow the president and CEO of Ama (the capital's waste company), Daniele Fortini has decided to resign and Raggi will then decide whether to accept or reject the resignation.
Then there is Atac, which the State Railways would like to acquire before the capital's public transport company goes bankrupt: general manager Marco Rettighieri, who was actually attempting the impossible operation of put the company back on track, he has already made it known that he will leave his post immediately.
But it won't end there. It will soon be the turn of the heads of the other municipal companies.
