Compensation paid in 2016

This page outlines the compensation paid in 2016 to directors, statutory auditors, general managers and, in aggregate, to other managers with strategic responsibilities. The following table, prepared in accordance with current regulatory information (article 84-quarter of the Consob Issuers’ Regulation and Annex 3, Table 7-bis of the same regulation) is available in full in Section II of the 2017 Remuneration Report and is attached at the bottom of this page.

Remuneration paid to Directors, Statutory Auditors, to the Chief Executive Officer and General Manager and to other Managers with strategic responsibilities
(amounts in euro thousands)
First name
and Surname
PositionPeriod for which the position was heldExpiration of office (*)Fixed remunerationRemuneration for participation in the CommitteesVariable non-equity remunerationBenefits
in kind
Other remunerationTotalFair value of equity compensa-
tion
Severance indemnity for end of office or termination of employment
Bonuses and other incentivesProfit sharing
Board of Directors
Emma Marcegaglia (1) Chairman 01.01 - 12.31 05.2017 238(a)           238    
Claudio Descalzi (2) Chief Executive Officer
and General Manager
01.01 - 12.31 05.2017 1,350(a)   1,755(b)   15   3,120    
Andrea Gemma (3) Director 01.01 - 12.31 05.2017 80(a) 90(b)         170    
Pietro Angelo Guindani (4) Director 01.01 - 12.31 05.2017 80(a) 50(b)         130    
Karina Litvack (5) Director 01.01 - 12.31 05.2017 80(a) 63(b)         143    
Alessandro Lorenzi (6) Director 01.01 - 12.31 05.2017 80(a) 80(b)         160    
Diva Moriani (7) Director 01.01 - 12.31 05.2017 80(a) 51(b)         131    
Fabrizio Pagani (8) Director 01.01 - 12.31 05.2017 80(a) 50(b)         130    
Alessandro Profumo (9) Director 01.01 - 12.31 05.2017 80(a) 40(b)         120    
Board of Statutory Auditors
Matteo Caratozzolo (10) Chairman 01.01 - 12.31 05.2017 80(a)         97(b) 177    
Paola Camagni (11) Statutory auditor 01.01 - 12.31 05.2017 70(a)         80(b) 150    
Alberto Falini (12) Statutory auditor 01.01 - 12.31 05.2017 70(a)         80(b) 150    
Marco Lacchini (13) Statutory auditor 01.01 - 12.31 05.2017 70(a)         12(b) 82    
Marco Seracini (14) Statutory auditor 01.01 - 12.31 05.2017 70(a)         80(b) 150    
Other Managers with strategic responsibilities(**) (15) Remuneration in the company that prepares the Financial Statements 8,595   9,118   186 126 18,025   4,603
  Remuneration from subsidiaries and associates 458           458    
  Total 9,053(a)   9,118(b)   186(b) 126(d) 18,483   4,603(e)
      11,561 424 10,873   201 475 23,534   4,603

Note        
     
(*)   The term of office expires with the Shareholders’ Meeting approving the Financial Statements for the year ending 31st December, 2016.        
(**)  Managers who were permanent members of the Company’s Management Committee during the course of the year together with the Chief Executive Officer and Division Chief Operating Officers, or who reported directly to the Chief Executive Officer (twenty-three managers).                             
(1)   Emma Marcegaglia - Chairman of the board of directors   
      (a) The amount includes the fixed remuneration of 90 thousand euros set by the Shareholders’ Meeting on 8th May, 2014 and the fixed remuneration for the delegated powers of 148 thousand euros approved by the Board on 28th May, 2014.
(2)   Claudio Descalzi - Chief Executive Officer and General Manager     
      (a) The amount includes the fixed remuneration of 550 thousand euros for the position of Chief Executive Officer, which incorporates the remuneration set by the Shareholders’ Meeting on 8th May, 2014 for the position of Director, and the fixed remuneration of 800 thousand euros for the position of Chief Executive Officer; indemnities due for transfers, in Italy and abroad, in line with the provisions of the relevant national collective labour agreement for senior managers and of the Company’s complementary agreements are added to this amount for a total of 19 thousand euros.
      (b) The amount correspond to the variable annual incentive paid in 2016. To this amount is added the incentives of 659 thousand euros paid in 2016 for the position of COO of the E&P Division, held until 8th May 2014, related to the deferred monetary incentive assigned in 2013, calculated in relation to the performance targets achieved during the 2013-2015 vesting period.
(3)   Andrea Gemma - Director            
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount includes the 40 thousand euros for participating in the Control and Risk Committee and 20 thousand euros for the Sustainability and Scenarios Committee and 30 thousand euros for the Nomination Committee.
(4)   Pietro Angelo Guindani - Director               
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount includes the 30 thousand euros for participating in the Compensation Committee and 20 thousand euros for the Sustainability and Scenarios Committee.
(5)   Karina Litvack - Director             
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount includes the 23 thousand euros for participating in the Control and Risk Committee, 20 thousand euros for participating in the Compensation Committee and 20 thousand euros for the Sustainability and Scenarios Committee.
(6)   Alessandro Lorenzi - Director     
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount includes the 60 thousand euros for participating in the Control and Risk Committee and 20 thousand euros for the Compensation Committee.
(7)   Diva Moriani - Director
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount includes the 12 thousand euros for participating in the Control and Risk Committee, 19 thousand euros for the Compensation Committee and 20 thousand euros for the Nomination Committee.
(8)   Fabrizio Pagani - Director           
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount includes the 30 thousand euros for participating in the Sustainability and Scenarios Committee and 20 thousand euros for the Nomination Committee.
(9)   Alessandro Profumo - Director    
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount includes the 20 thousand euros for partecipating in the Sustainability and Scenarios Committee and 20 thousand euros for the Nomination Committee.
10)  Matteo Caratozzolo - Chairman of the Board of Statutory Auditors   
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount related to the pro-rata remuneration for the office of Chairman of the Board of Statutory Auditors of TTPC (32.1 thousand euros) and of Eni Adfin (13.9 thousand euros).
(11) Paola Camagni - Statutory auditor    
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount related to the pro-rata remuneration for the office of Chairman of the Board of Statutory Auditors of Eni East Africa (18 thousand euros) and Auditor of Syndial (12 thousand euros).
(12) Alberto Falini - Statutory auditor      
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount related to the pro-rata remuneration for the office of Chairman of the Board of Statutory Auditors of Eni Timor Leste (12.9 thousand euros) and Auditor of TTPC (21.2 thousand euros).
(13) Marco Lacchini - Statutory auditor    
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount related to the pro-rata remuneration for the office of Chairman of the Board of Statutory Auditors of SOM (20.3 thousand euros) and Auditor of Eni East Africa (12 thousand euros).
(14) Marco Seracini - Statutory auditor    
      (a) The amount corresponds to the fixed annual remuneration set by the Shareholders’ Meeting of 8th May, 2014.
      (b) The amount related to the pro-rata remuneration for the office of Chairman of the Board of Statutory Auditors of Ing. Luigi Conti Vecchi (18.2 thousand euros) and Auditor of Eni Adfin (9.2 thousand euros).
(15) Other Managers with strategic responsibilities
      (a) The amount of 8,595 thousand euros for Gross Annual Salary is supplemented by the indemnities owed for the transfers performed, in Italy and abroad, in line with the provisions of the relevant national collective labour agreement for senior managers and with the Company’s additional agreements as well as other indemnities related to the employment contract for a total amount of 851 thousand euros.
      (b) The amount includes the payment of 3,170 thousand euros relating to the deferred and long-term monetary incentives assigned in 2013 and the pro-rata amounts of the Long-Term Incentive Plans (DMI and LTMI) paid upon consensual employment contract resolution, for the vesting period expired as defined in the respective Plan Regulations.
      (c) The amount includes the taxable value of insurance and welfare coverage, complementary pensions, the car for business and personal use.
      (d) Amounts due for the positions held by Managers with strategic responsibilities in the Supervisory Body established under the Company’s Model 231 and the Manager responsible for the preparation of the Company’s financial statements.
       (e) The amount includes the severance indemnity and early retirement incentives paid in relation to the termination of the employment, to which 1,044 thousand euros is added for the non-competition clauses payable by 2017 at the expiry of the related validity period, subject to the obligations being fulfilled.

 08/09/2017 -  3:00 PM
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