Francesco Starace

Francesco Starace
Francesco Starace, CEO and general manager of Enel Group
Born	(1955-09-22) 22 September 1955 Rome, Italy
Nationality	Italian
Citizenship	Italy
Occupation	CEO of Enel
Website	www.enel.com/en-GB/group/board/ceo_gm

Francesco Starace (Italian: [staˈratʃe]; born 1955) is an Italian business executive. As of 2014, he is CEO and general manager of Enel Group.

Life

In 1980 he graduated in Nuclear Engineering at the Polytechnic University of Milan.^[1][2][3] From 1981 to 1982 he worked as a safety analyst for the nuclear power plants of NIRA Ansaldo. Until 1987 he held a number of managerial positions in SAE SADELMI, a company owned by General Electric, both in Italy and abroad (the US, Saudi Arabia and Egypt). In 1987 he relocated to ABB. In 1993 he was assigned to the role of Operations Manager for SOIMI, company part of the group ABB SAE SADELMI.^[4] Between 1997 and 1998 he was CEO of ABB Combustion Engineering Italy, and then of Alstom Power, where between 1998 and 2000 he was senior vice president of global sales and turnkey plants in the gas turbine division. In 2000 he became head of Energy Management at Enel Produzione.^[5] While working for the major Italian electricity company, between 2002 and 2005, he held the post of head of the Business Power division. This was a newly created division within the Generation and Energy Management sector, and was part of CEO Paolo Scaroni's plan for the group to refocus on its core energy business.

In 2005 he was appointed director of the Italian Market Division of Enel, a division that focused on a free electricity and gas market for homes and private customers.^[6] In that period, Enel launched the first ever service available in Europe for the supply of electricity generated by renewable sources alone.^[7]

In December 2008 he was appointed director of the Renewable Energy Division of Enel and CEO of Enel Green Power, the Group's newly formed company dedicated to developing and managing the production of energy from renewable sources in Italy and around the world. Starace led the company to success on the stock markets of Milan and Madrid – with a 30.8% of equity, for a total of Euro 2.4 billion.^[8] During the six years of the Starace management, Enel Green Power established itself as one of the leading global players in the renewable energy sector, with 29 billion kWh generated from 750 plants in 16 countries in Europe, North America and Latin America, and with a mix of well-calibrated green technologies.^[9]

• In 2010 he received, together with Luigi Ferraris, the "Manager Utilities Prize 2010", awarded by Agici and Accenture for managing a world leader industrial project in the field of renewable energy.^[10][11][12]
• In 2011 he won the "Chess and business strategies" prize, awarded by the homonymous association.^[13][14][15]
• In 2013 he won the "Sustainable Energy Prize 2013", awarded by Fondazione Energia.^[16][17][18]

In 2014 he was appointed CEO and general manager of Enel.^[19][20] His strategy puts the focus on the industrial side of the business and he has announced the company's plans for the conversion of 23 thermal power plants of the Gruppo Italia (gas turbine, fuel oil, coal).^[21][22][23]

In March 2015 he met with the Executive Director of Greenpeace International Kumi Naidoo and the president of Greenpeace Italy Andrea Purgatori to share Enel’s plans for the medium/long term.^{[24][25][26][27]}

In May 2015, the Secretary-General of the United Nations Ban Ki-moon has appointed Francesco Starace Member of the United Nations Global Compact.^{[28][29][30][31][32]}

In January 2016, he has been appointed co-president of the Energy Utilities and Energy Technology Communities of the World Economic Forum, at the 46th meeting held in Davos- Klosters, Switzerland.^{[33][34][35][36][37]}

Controversy

He was criticized because he said that company CEOs have to mob their workers to earn good results.^[38]

Legal Problems

Francesco Starace received 150000 € illegally through a company called Atooma which he own the 4%.

Bibliography

• Starace, Francesco (1 July 2000). "The Utility Industry in 2020". In Bausch, Andreas; Schwenker, Burkhard. Handbook Utility Management. Springer Science & Business Media. ISBN 9783540793496. 
• Wind Power: The Struggle for Control of a New Global Industry, Ben Backwell, Routledge, 19 settembre 2014, ISBN 9781317685418
• National Monopoly to Successful Multinational: the Case of Enel, Massimo Bergami, Pier Luigi Celli, Giuseppe Soda, Palgrave Macmillan, 29 novembre 2012, ISBN 9781137033901
• Windpower Monthly Newsmagazine, Volume 26, Forlaget Vistoft, 2010
• E dopo? Energie rinnovabili per tutti, Luca Reteuna, Effata Editrice, 2009, ISBN 9788874024940

References