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Press release

Brescia,  June  18,  2020  –  A2A’s  Board  of  Directors  that  met  today  and  was  chaired  by Marco Patuano approved the compensation of the company’s Chairman, Chief Executive Officer  and  members  of  Board  Committees  on  the  proposal  of  the  Remuneration  and Appointments Committee and the favorable opinion of the Board of Statutory Auditors. 

More  specifically,  at  the  meeting,  the  Board  approved  the  following  compensation unchanged from the previous mandate: 

  • Chairman  Marco  Patuano,  a  gross  annual  compensation  of  250,000  euro  (in addition  to  the  gross  expenses  estimated  at  22,384  euro),  without  any variable component; 
  • Chief Executive Officer Renato Mazzoncini, a gross compensation of 120,000 euro per year and a variable compensation, linked to the achievement of objectives set out  in  the  Incentive  Plan,  up  to  a  maximum  value  of  80,000  euro.  The  Board  of Directors' meeting of May 14, 2020 had also resolved to attribute to Mr. Mazzoncini for the position of General Manager a gross remuneration of 500,000 euro per year and  an  annual  variable  remuneration,  linked  to  the achievement  of  objectives  set out in the Incentive Plan, up to a maximum value of 200,000 euro; 
  • Audit  and  Risk  Committee:  gross  compensation  Chairman  30,000  euro,  gross compensation for each member 20,000 euro; 
  • Remuneration   and   Appointments   Committee:   gross   compensation   Chairman 20,000 euro, gross compensation for each member 19,000 euro; 
  • Sustainability and Territory Committee: gross compensation Chairman 20,000 euro, gross compensation for each member 19,000 euro. 

 

Contact information 

A2A - Media Relations 
Giuseppe Mariano 
Tel. +39-02 7720.4583 
ufficiostampa@a2a.eu

Investor Relations                                 
Tel. +39-02 7720.3974  
ir@a2a.eu