Saipem appoints Cavacini as new CFO

Oct 02, 2018
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Italian engineering firm Saipem said Stefano Cavacini will assume the role of chief financial officer of Saipem effective Nov. 15 with responsibility for administration, finance and control.

Cavacini, 47, has significant experience in the role of CFO in important multinational groups in the industrial sector.

In the period between the incumbent CFO Giulio Bozzini leaving on Oct. 15 and the joining date of Cavacini, the responsibilities for administration, finance and control functions will be taken by the CEO, Stefano Cao.

Saipem reiterated that, since June 7, 2016, the role of manager responsible for the preparation of the company’s financial reports has been held by Mariano Avanzi, manager of planning, administration and control.


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