Fabrizio Palermo was born in Perugia February 5, 1971. Palermo was chief executive officer and General Manager of Cassa depositi e prestiti S.p.A. (CDP) and is currently the

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

and General Manager of

Acea Acea is a surname. Notable people with the surname include: * Eusebio Acea (born 1969), Cuban rower * Francis Acea (born 1967), Cuban artist *John Adriano Acea (1917–1963), American jazz pianist *Raidel Acea Raidel Acea Morales (born 21 Octo ...

Early life and education

Palermo graduated with honors in Business and Economics from La Sapienza University in Rome in 1994.

Career

Palermo began his career in 1995, in the Investment Banking Division at Morgan Stanley in London, where he was responsible for equity and bond placements, corporate mergers and acquisitions. From 1998 until 2005, Palermo was a strategic consultant at

McKinsey & Company McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...

, specialising in corporate restructuring, transformation and turnaround projects for major industrial and financial groups. In 2005, Palermo joined the Fincantieri Group as Business Development and Corporate Finance Director, reporting to the CEO, before taking on the role of Chief Financial Officer (2006-2014) and then Deputy General Manager (2011-2014). From 2014 to 2018, he was

Chief Financial Officer The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...

and Financial Reporting Officer at Cassa depositi e prestiti Group, with responsibility for postal and bond funding, liquidity management, investment portfolio management and Group Asset and Liability Management (ALM). Since 2017, Palermo has been a member of the Italian-French committee for the alliance project between Fincantieri and the Naval Group, a European shipbuilder. On 27 July 2018, Palermo was appointed

of Cassa depositi e prestiti, on 4 October 2018, he also took up the position of General Manager. He has also served as a board member of Fincantieri USA Inc., Vard Group AS, Vard Holdings Limited, Risparmio Holding S.p.A. and Equam S.p.A. and as a member of the Italian Recovery Fund (formerly Atlante II) investor committee. He was

CDP RETI CDP Reti S.p.A. is an Italian holding company. It is a joint venture of Cassa Depositi e Prestiti, State Grid Corporation of China and other investors. The company owned 28.98% shares of Snam and 29.85% shares of Terna, as the largest shareholde ...

S.p.A from 2019 to 2021 and co-chairman of the Italy-China Business Forum. On 26 September 2022, Parlermo was appointed Chief executive officer of

and in May 2023 also became General Manager.

Other activities

Corporate boards

* Assonime, Member of the Board of Directors (since 2020) * Fincantieri S.p.A, Member of the Board of Directors *

Open Fiber Open Fiber S.p.A. (formerly Enel Open Fiber S.p.A.) is an Italian wholesale only telecommunications company, owned 60% by CDP Equity S.p.A. (part of the Cassa Depositi e Prestiti S.p.A. group) and 40% by Macquarie Asset Management (part of the ...

S.p.A., Member of the Board of Directors * Fondo Atlante, Member of the Investor Committee * CDP Equity S.p.A., chair of the Board of Directors (2018–2019)

Non-profit organizations

* Centro Studi Americani, Member of the Board of Directors (since 2018) Palermo was a member of the advisory board of the Italian Presidency of the B20.

Controversy

In 2023, Italian daily newspaper '' La Repubblica'' ran articles citing Acea staff as saying Palermo had been abusive towards female hostesses working at the company. In response, Acea's board reaffirmed its "full confidence" in Palermo.Alvise Armellini (9 February 2023)
Italy's Acea backs CEO after reports of abusive behaviour
'' Reuters''.

References

{{DEFAULTSORT:Palermo, Fabrizio Italian chief executives Sapienza University of Rome alumni Chief financial officers 1971 births Living people