Eni reorganisation also affects Versalis

Also Versalis is involved by the Eni's new corporate organisation, approved by the Board of Directors, to fully unlock the value of the satellite companies, to further strengthen the operational excellence of the new and traditional businesses, and to accelerate and complete the industrial transformation of the chemical and traditional downstream businesses.

In order to implement this new and important strategic phase, which will further boost Eni’s commitment to the energy transition and offering of innovative low-carbon products, the company reorganizes its business activities into three structures to maximize operational effectiveness.

One of the three new structures, named “Industrial Transformation” and headed by Chief Operating Officer Giuseppe Ricci, will primarily focus on driving the restructuring and industrial transformation of the Chemical sector, through Versalis precisely, focusing on innovation, specialization and circularity. The new structure will continue the transformation of traditional downstream (refining) and the evolution of remediation activities (Eni Rewind).

Discussing the new organizational structure with the Board, Eni’s CEO, Claudio Descalzi, commented: “The new structure represents a significant evolution that will further strengthen the implementation of our strategy. The new organization will allow us to further enhance our operational excellence throughout our businesses, accelerate our strategic path towards decarbonization and maximize value creation, strongly focusing on the transformation and relaunch of businesses structurally inhibited by the scenario, in a context of strong control over efficiency.”