The Board of Directors of Astaldi S.p.A. (the “Company”) met today and appointed Paolo Amato as Chief Restructuring Officer (“CRO”) to support the Group in the ongoing corporate restructuring.
His role is to accompany and support the Company in continuing its operations, focusing on the successful implementation of the composition proposal (the “Proposal”) filed by the Company with the Court of Rome on 14 February 2019 and to date pending validation by said Court.
Paolo Amato will report to Astaldi’s Board of Directors, which assigned him the required operating or related powers to perform his task aimed at guaranteeing and overseeing the feasibility of the Proposal. Specifically, he will monitor and supervise, on a transversal basis, the performance of corporate operations, with regard to economic and financial aspects and liquidity management profiles.
After graduating in mechanical engineering, Paolo Amato began his professional carrier at Leonardo-Finmeccanica SpA’s US headquarters. He obtained his MBA degree from Harvard Business School and continued his professional experience with McKinsey & Co, overseeing several reorganisation and development projects in South America and Europe before entering the industrial sector, taking on the position of Group CFO at Ariston Thermo Group. After this, he took on the position of Alitalia CAI SpA’s Group Executive VP and CFO before becoming its Deputy General Manager and Chairman of AirOne SpA with the aim of managing its integration and implementing its restructuring plan. Subsequently, he undertook the role of CFO and Portfolio Manager of Renova Management AG in Zurich and Company Director of the portfolio companies Octo Telematics Ltd, CIFC Asset Management Inc., Airports of Regions and Kortros, as well as acting as an advisor for international private equity firms. Currently he is Chairman of the Board of Be Power SpA and (independent) member of the Board of Directors of Prysmian Group.
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