Sunday, February 17, 2013

Strength In Finance

Fulvio Conti graduated from the University of Rome “La Sapienza” with a degree in economics and commerce. As it became evident over the span of his career his strength was in finance and eventually led him to the top post of a multinational Italian company.

He began his career joining the Mobil Group in 1969. After holding a number of executive positions in Italy he became in charge of finance for Europe in 1989-90. He moved over to Campbell (the American company) in 1991 as head of accounting, finance, and control department for Europe.
Conti then went to work for Montecatini in 1991 again as head of the accounting, finance and control department until 1993. He joined parent company Montedison-Compart in 1993 as head of finance and overseeing the financial restructuring of the Group. In 1996 Conti was appointed general manager and chief financial officer of the Italian National Railways until 1998.

Conti worked for other entities holding important positions as well as the finance post. Then in 1999 he joined Enel as chief financial officer until June 2005. Conti was appointed chief executive officer and general manager in May 2005. In this capacity he oversaw the acquisition of the Slovak utility, Slovenkse Elektrane. He was able to successfully take over the leading power company in Spain and Latin America, Edesa.  Another company taken over during his watch was OGK 5, a Russian power company.
Enel is a huge multinational company based in Italy. It is one of the top integrated players in the power and gas markets of Europe and Latin America. Enel does business in 4 continents involving 40 countries in charge of power generation from 98 GW of net installed capacity and distributing electricity and gas through a network covering about 1.9 million km to serve around 61 million customers.

The company earned revenues of over 79.5 billion euros in 2011. The Group had around 75,000 employees in 2012. Enel runs a wide array of thermoelectric, hydroelectric, geothermal, solar, wind, nuclear and other renewable power plants.

Conti is also a director at Barclays plc, RCS MediaGrooup SpA and AON Corporation.

 

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