Board of Directors' Members

Born in Rome in 1969, she is married and has two children.

In 1995, she graduated in Electronic Engineering from the University of Rome ‘La Sapienza’.

She is a shareholder, together with her family, of the company Elettronica S.p.A, where she is now Chief Executive Officer and Chief Operating Officer, having previously held positions in the main corporate functions: from Strategic Planning to Business Development to Projects & Products.

The company, which is also owned by Leonardo and Thales, is an international reality with over 70 years of history in advanced electronic defence systems and today the Elt Group brand is an international reality with a multi-domain approach that also covers Cyber, Space and Biodefence.

Since 2020, she has been President of the investee company Cy4Gate, a company specializing in the design, development, and marketing of Cyber Intelligence & Cyber Security solutions for governments and companies and listed in the Star segment of the Italian Stock Exchange.

She is a founding member, together with 30 other European women key players, of the Women4Cyber Foundation, an initiative created by ECSO in 2019 and sponsored by the European Commissioner for the Digital Economy and Society with the aim of increasing the involvement of European women in the cyber domain.

Since 2021, she has been founder and President of the Italian Chapter of the same Foundation.

Since June 2022, she has been a member of the Technical Scientific Committee of the National Cybersecurity Agency and since November of the same year, she has been a member of the Technical Scientific Committee of the Centro Studi Militari Aeronautici (CESMA), a think tank of the Associazione Arma Aeronautica (AAA).

May 2024

Born in Milan on December 22, 1970, Paola Camagni in 1994 obtained a Law degree at Luigi Bocconi University of Milan, where she also completed a Master in international tax law.

She is founder and Managing Partner of the tax firm “Camagni Società tra Professionisti”, established in Milan, specialized in corporate and international tax. She set up said tax firm in 2013, after gaining her professional experience in the tax firms included in the “big four” accounting firms’ network, where she was a Partner.

She is enrolled in the Chartered Accountant Register of Milan since 1996 and in the Register of Accounting Auditors (ex D.M. 15/10/1999). In 2016 she was appointed as member of the “Committee of Experts on Tax and Economic Policy” by the President of the Italian Council of Ministers (DPCM May 5, 2016).

She has been a lecturer (“Professore a contratto”) at Bocconi University in Milan, within the Master in “International Tax Law” until a.y. 2017/2018 and panelist at the "Real Estate Master", held at SDA Bocconi in Milan, editions 2011/12 and 2012/2013.

Since 2021, she is an independent Director of TIM S.p.A; in the previous mandate (2021-2023) she has also been a member of the Nomination and Remuneration Committee and of the Sustainability Committee.

Currently, she is an independent Director and member of the Management control committee in Unicredit S.p.A. and in FSI Sgr S.p.A.. She also serves as President of the Board of Statutory Auditors at AGI-Agenzia Giornalistica Italia S.p.A.

In the past, she has been an independent Director (e.g. at CellularLine S.p.A. until 2020) and Statutory Auditor (e.g. at ENI S.p.A., from 2014 up to 2020) of listed or large companies.

May 2024

Born in Rome, September 22, 1968, he graduated in November 1993, Law Master Degree at “La Sapienza” University of Rome - 110/110 cum laude.

Registered with Rome Bar as of January 1998 and appointed as full professor of Private Law, University of Sassari, Department of Economics, as of June 26, 2009.

From October 2009 to October 2015, appointed by Bank of Italy as board member in Rome commission of Arbitro Bancario Finanziario (ABF), major alternative dispute resolution entity in banking disputes (under Banking Code, art. art. 128-bis).

From November 2016 to May 2018, appointed by Consob as member of the Arbitro per le Controversie Finanziarie (ACF).

Since June 2019, independent member of the management Board at Garofalo HC S.p.A.; from April 2018 to April 2021 independent member of the management Board at Banca Sistema S.p.A; from May 2014 to April 2021 independent member of the Management Board at Saipem S.p.A.

Based on previous experience and his own professional career, among others, he has gained expertise with respect to the TIM Group's business sector, particularly in the area of communication and telecommunication services, and in the area of cybersecurity.

July 2024

Married and with two children, Paola Giannotti was born on 13/7/1962 and graduated in political Economics with honors from Bocconi University in Milan. He specializes in finance at Universität zu Köln (Cologne, Germany) and New York University.

She is a Director, Chair of the Nominations and Remuneration Committee and a member of the Control and risk Committee of TIM S.p.A.

She has more than 30 years of international experience in the financial sector in the Corporate and Investment Banking area, such as in New York, London, Milan, Rome, Frankfurt and Paris where she has held various roles in world-leading institutions such as Morgan Stanley, Citigroup, Dresdner Bank, and BNP Paribas.

She began working as a financial analyst at Montedison S.p.A. (1986-1987) and then in Sviluppo Finanziaria S.p.A. Milan (1988-1989) and followed, as a business analyst, at the strategic consulting firm the Mac Group (1987-1988) in Rome.

From 1989 to 1998 she worked at Morgan Stanley, first in London as a business finance analyst and then as a business manager in Portugal. For Morgan Stanley, she worked in the equity capital markets sector in New York and then in Milan as Executive Director for the development of Italian customers and head of the Financial Institutions dept.

From 1998 to 2003 she was in London as Managing Director responsible for the Investment Banking activities in Italy first for Citigroup then for Dresdner Kleinwort Wasserstein where he was a member of the European Managing Director Committee and the European Council of Country Heads and a member of the Board of Directors of Dresdner Kleinwort Wasserstein SGR.

From 2003 to 2013 she was at BNP Paribas in Milan as Managing Director responsible for the management and development of the strategic customer portfolio (Enel, ENI, Terna, Poste, Ferrovie, Leonardo, Telecom Italia, MEF) and the Energy, Gas and Oil sectors. She was also a member of the European Committee of Senior Bankers and the Italian Executive Committee.

She later served as Director of Ansaldo STS S.p.A., UBI Banca S.p.A., FINECOBANK S.p.A., TERNA S.p.A., TIM S.p.A., ICF group S.p.A., ESP Equita PEP SPAC S.p.A., EPS Equita PEP SPAC2 S.p.A., Illimity SGR S.p.A. for TERNA, UBI Banca and TIM was also Chairman of the Controls and risks Committee.

In 2002 she was awarded the Bellisario Foundation Award as Manager of the Year. From 2000 to 2012 she was a member of the Council for Relations between Italy and the United States, under the Honorary Presidency of David Rockefeller. In 2019, Forbes magazine named her one of the 100 women leaders in Italy.

She speaks Italian, English and French. She has good knowledge of Spanish and basic knowledge of German and Portuguese.

In addition, based on previous experience and her own professional career, among others, she has gained expertise with respect to the TIM Group's business sector, particularly in the area of telecommunication services.

Luly 2024

He graduated in Business and Economics at the Bocconi University in Milan in 1987.

He began his career at JP Morgan in 1987, in the Global Markets sector, holding various management positions in Milan and London, with responsibility for Italy and the EMEA.

He is a visiting professor on the MBA Programme at the SDA Bocconi School of Management, at the Bocconi University in Milan. He was also a lecturer at LIUC University in Castellanza (Varese) and Ca' Foscari University of Venice, where he currently teaches as Research Affiliate at the Department of Economics.

Previously, he was Chairman of Fondazione Fiera Milano and sat on the Board of Directors of LUISS University (July 2016-July 2019). He was on the Board of Directors of Intesa Sanpaolo S.p.A. and of Willis Towers Watson S.p.A. (April 2016- November 2019), and also a member of the Board of Directors of FIRC - AIRC, Italian Foundation and Association for Cancer Research (May 2016 – April 2020).

He served as Industry Advisor for Italy for Permira Private Equity and Senior Advisor to Partners S.p.A, focusing on corporate advisory.

Between 2001 and 2007, he held various roles within the Intesa San Paolo Group, in particular, from 2001 to 2005, the position of Head of Investment Banking and Structured Finance and Chief Executive Officer of Caboto Bank - now IMI Bank - and, from 2006 to 2007, the Group's Head of Finance and Treasury.

During his professional career, he was also General Manager and sat on the Board of Directors at the Mittel Group, Vice President of Sorin S.p.A, Chairman of Hopa S.p.A and a member of the Management Board at A2A S.p.A.

From May 2010 until July 2015, he held the position of Chief Executive Officer at Cassa Depositi e Prestiti S.p.A and CDP Reti S.p.A (December 2014 - July 2015). He was also Chairman of the Fondo Strategico Italiano (Italian Strategic Fund) (August 2011- July 2015).

Over the years he has held the position of Chairman of the "Technical Finance Commission" of ABI-Italian Banking Association and Adviser to the Italian Stock Exchange S.p.A., MTS- European Bond Exchange, EuroMTS, ISDA-International Swaps and Derivatives Association and AIFI-Italian Private Equity and Venture Capital Association.

He became Chairman of the Board of Directors of Cassa Depositi e Prestiti on 24 October 2019 and of CDP Reti S.p.A. on 28 November 2019. On 2 April 2020 he was appointed Chairman of the Board of Directors of CDP Equity S.p.A. On 11 November 2021 he was appointed Chairman of the Board of Directors of Fondazione CDP.

He is Chairman of the Board of Directors of F.I.L.A. - Fabbrica Italiana Lapis e Affini - and a member of the Board of Directors of Avio S.p.A, both companies listed on the Star segment of Borsa Italiana.

On April 2020 he has been appointed Member of the Committee of Experts on Economic and Social matters led by Vittorio Colao (DPCM, April 10, 2020) at the Prime Minister’s Office. The Committee, with the purpose to face the epidemiological emergency COVID-19, drafted the Report "Initiatives to relaunch the Country “Italy 2020-2022”.

He is a member of the Scientific Committee of the Aristide Merloni Foundation, Assonime (Association of Italian Joint Stock Companies), the General Counsel of AIFI (Italian Private Equity and Venture Capital Association) and a member of the Board of Directors of ISPI (Italian Institute for International Political Studies).

On 31 March 2021 he was appointed Member of the Board of Directors of TIM S.p.A.

On 21 April 2021 he was appointed Grande Ufficiale dell’Ordine al Merito della Repubblica Italiana.

On 30 May 2022 he was awarded the honor of Cavaliere del Lavoro.

April 2024

Umberto Paolucci was born in Ravenna and graduated in Bologna in Electrical Engineering in 1969.

After serving as Lieutenant in the NBC Corps (Nuclear, Biological, Chemical defense), he has spent his professional life in the world of Information Technology, with Hewlett Packard first and then with General Automation (Anheim, California) where he became General Manager. He established in 1985 the Italian subsidiary of Microsoft as Managing Director and General Manager. After various international roles, Paolucci became Corporate Vice President in 1998, and then Senior Chairman for Microsoft EMEA until the end of 2010. He always kept the role of President of the Italian Subsidiary.

U. Paolucci was awarded in 1998 a Degree Honoris Causa by the University of Bologna in Business Statistics and Information Technology. In 2002 he was appointed “Cavaliere del Lavoro” by the President of the Italian Republic On. Dott. Carlo Azeglio Ciampi. In 2004-2006 he served as Vice President of Confcommercio in charge of Innovation, he then became member of the National Advisory Board of Confcommercio until 2010. In November 2004 he has been awarded by the Cardinal ArchBishop of Milan, Mons. Dionigi Tettamanzi, a Doctorate Honoris Causa with the Biblioteca Ambrosiana on the occasion of the 400th anniversary of its foundation.

From 2006 to 2010 U. Paolucci served as President of the American Chamber of Commerce in Italy. From 2006 to 2008 has served as President of ENIT, the National Agency for Tourism in Italy. From 2009 to 2011 he served as President of “Fondazione Milano”, which includes the “Accademia Internazionale di Musica”, the “Scuola d’Arte Drammatica Paolo Grassi”, the “Dipartimento di Lingue” and the “Scuola di Cinema, Televisione e Nuovi Media”. In 2009 the President of the Italian Republic On. Dott. Giorgio Napolitano named him “Grande Ufficiale dell’Ordine al Merito della Repubblica Italiana”.

U. Paolucci served as a Director of COESIA S.p.A., Banca Profilo S.p.A., GEOX S.p.A. AEFFE S.p.A., Pirelli S.p.A., Datalogic S.p.A., IT Holding S.p.A., Exprivia S.p.A., CTS EXPO S.p.A., UPA (Utenti Pubblicità Associati), Dedalus Holding S.p.A. in addition to other organizations and associations in Europe, Middle East and Africa on behalf of Microsoft Corporation

In addition, based on previous experience and her own professional career, among others, she has gained expertise with respect to the TIM Group's business sector, particularly in the area of telecommunication services.

July 2024

Stefano Siragusa is the co-founder and Managing Director of Rari Nantes, an alternative investment manager delivering superior value in idiosyncratic opportunities which other investors are unable or unwilling to tackle.

Stefano’s international managerial profile has allowed him to hold a series of leadership positions in multinational companies in different industries.

He started in 2000 as Product Manager at Siemens AG in the Industrial Automation division in Italy and Germany, dealing with automation and process innovation in electrical and telco network operations.

In 2002, after his MBA, he began his career in The Boston Consulting Group -BCG, a global management-consulting firm. In BCG, he defined value-creation strategies and followed up their subsequent operational implementation for leading Aerospace & Defense, Transportation and Steel players in Europe, Americas, Asia Pacific and particularly in North America where he transferred in 2005. Once back to Italy, in 2011 he was elected Partner & Managing Director of BCG and was appointed as leader of BCG’s industrial goods division for Italy, Greece and Turkey. In 2012 he was also requested to coordinate BCG Aerospace & Defense division in Europe and Middle East. In 2013 he was elected member of BCG’s Global Operations Leadership Team. He moved to New York to be entrusted also with the responsibility of defining BCG’s content agenda and commercial strategy for Lean, Procurement and Supply Chain and Digital transformation topics.  

In 2014 he returned to Italy from the United States to be appointed CEO and General Manager of Hitachi Rail STS formerly Ansaldo STS, a leading multinational in the sector of high-level engineering of transport systems listed in Milan (STS.MI) with headquarters in Genoa. He successfully manages the relaunch: the stock market capitalization doubles, exceeding €2 billion, orders grow by 160%, cash by 90%, profits by 80% and productivity by 60%.

In 2015, at the request of shareholder Finmeccanica, he guaranteed the sale of Ansaldo STS to the Hitachi Group and in 2016, after the start of the delisting process, he left the Hitachi group to become Senior Partner and Director of Bain & Company, a multinational leader in consultancy management strategy and founded the Special Situation practice focused on the restructuring of non-performing companies.

In March 2018 he joined the TIM group and became Deputy of the General Manager in 2021. In December 2022 he left the TIM group due to disagreements on the company strategy.

Stefano has held and holds roles as Chairman and member of the Board of Director of both listed and unlisted companies in the infrastructure, telecommunications and transport sector including Sparkle, Inwit, Persidera, ENAV, Noovle, Saipem, Mermec, Marangoni, Metro 5 Milan.

Stefano holds academic teaching and Advisor board roles at leading Italian universities including LUISS and Lumsa.

Stefano, born in 1976, graduated from the Polytechnic of Milan summa cum laude in Electrical Engineering. He completed his professional training by obtaining summa cum laude an MBA from MIP and then a master from Harvard Business School-HBS.

Stefano is devoted husband and a loving father of four kids Sergio, Sofia, Sara and Silvio.

In addition, based on previous experience and her own professional career, among others, she has gained expertise with respect to the TIM Group's business sector, particularly in the area of telecommunication services.

July  2024

Born in Caserta on April 12, 1968, he is graduated: in Economics at University of Bergamo (cum laude), in Law at University of Milan and in Scienze della Sicurezza Economico-finanziaria at University of Tor Vergata, Rome (cum laude).

He also earned a Master’s Degree in Corporate Taxation at Scuola Polizia Tributaria Guardia di Finanza in cooperation with Bocconi University (Milan, October 2001/July 2003) and is admitted to the Bar (Italian Attorney).

In January 2017, he joined TIM as General Counsel and Head of Legal Affairs. From December 2017 to March 2018 he was also appointed, ad interim, Head of Human Resources and Organization Department. Since March 2018, he is General Counsel and Head of Legal and Tax and from April 2021 he covers, as well, the role of Group DPO. He also holds the position of Secretary to the Board of Directors of the parent company TIM, is Chairman of the subsidiary Noovle S.p.A. - società benefit and member of the BoDs of the subsidiary FiberCop S.p.A..

From July 2016 to January 2017, he held the position of General Counsel, Operational Director and Secretary of the Board of Directors in Italmobiliare S.p.A. From May 2006 for 10 years, he worked in Italcementi Group, starting as Head of Tax and adding progressively several responsibilities up to the position of Group General Counsel, Legal, Tax and Compliance Director.

From July 1986 to May 2006. he served in Guardia di Finanza (where he started as officer cadet at the Military Academy (1986-90). During his career he was in charge of managing and supervising the daily activities and inspections for the purpose of combating tax and finance criminal activities as well as training of military cadet and other personnel in the Academy, lately assigned both to national and international units and operations. In the last appointment he served as Lieutenant Colonel, Head of Analysis and Studies within the Commanding General.

Adjunct Professor, in International Taxation at University of Bologna, Italy (School of Economics, Management and Statistics), for 2013/14, 2014/15 and 2015/16 academic years and adjunct professor in  International Taxation  at  University  of  Roma  Tre  for 2010/2011, 2017/2018,2018/2019 and 2019/2020 academic years onwards, he took part in seminars and conventions organized by the main companies operating in the sector (Paradigma, Business International) in tax matters, criminal liability of legal persons and company law.

He was contributor to articles and reviews published on tax magazines and tax manuals, inter alia: “La nuova Imposta sul Reddito delle Società”, 2004, Maggioli; “Il nuovo regime tributario delle operazioni con i paradisi fiscali”, 2004, Maggioli; “I reati informatici”, 2004, Maggioli; il “Codice delle ispezioni e verifiche tributarie”, 2005, La Tribuna; “Guida all’antiriciclaggio”, 2006, Il Sole 24 Ore; il “Codice del processo tributario”, 2007, La Tribuna; “La Tutela dei soci”, 2008, Giappichelli; “Manuale di governance fiscale”, IPSOA, 2011; Manuale del transfer pricing”, IPSOA, ed. 2009, 2012 e 2015; “Manuale di Fiscalità Internazionale”, IPSOA, ed. 2010, 2012 e 2014; “Commesse all’Estero: disciplina fiscale e profili contrattuali”, IPSOA, 2015.

April 2024