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Reuters
3 minute read
Italy s government has chosen European Investment Bank (EIB) Vice President Dario Scannapieco as the new head of state lender Cassa Depositi e Prestiti (CDP), two sources close to the matter said on Thursday.
The Italian Treasury, which controls CDP, will present the nomination at a meeting of the state lender s shareholders later on Thursday, who will then make the appointment official.
Scannapieco, a 53-year-old economist, will replace Fabrizio Palermo, whose three-year term as chief executive officer of CDP expires this week.
The move is part of a wider reshuffle of key positions in state companies driven by Prime Minister Mario Draghi as the country prepares to spend 220 billion euros ($268.47 billion) of EU funds.
By Reuters Staff
3 Min Read
May 27 (Reuters) - A change of guard at Italy’s powerful Cassa Depositi e Prestiti (CDP) has put the 170-year-old state-backed lender and investor under the political and public spotlight.
Dario Scannapieco, a former adviser to Prime Minister Mario Draghi, will be the new head of CDP, replacing current CEO Fabrizio Palermo.
CDP invests savings made by Italians through the national post office network Poste Italiane but its debt is not booked as part of Italy’s mammoth public debt pile.
Here is an overview of CDP’s current investments and projects under development for the institution controlled by Italy’s treasury:
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