Organisational structure

Organisational structure

In 2011, no significant changes were made to the organisational macro-structure of Terna S.p.A..

However, we should point out the appointment of Giuseppe Saponaro as the new Chief Financial Officer, Control and M&A Director for Terna as from 19 May 2011.

On 9 November 2011, the Board of Directors of Terna S.p.A. approved the start-up of the project for the new organisational structure of the Terna Group, aimed at operatively implementing, within the time frame technically required, the provisions of the Company’s business plan and maximising efficiency in the management of the Group’s activities. The project entails the rent to a company that is a full subsidiary of Terna, of a business unit mainly consisting of employees currently employed by Terna in maintenance works on the National Transmission Grid (and other support activities) and assets (excluding the NTG); Terna will retain ownership of the NTG assets it owns and will continue to be responsible for the work reserved to it by the concession. The project also entails the management of non-core business through a specific company (Terna Plus S.r.l.) in order to meet market and efficiency demands.