PERSONAL DATA

LANGUAGES Italian (mother tongue)
English (fluent)
Portuguese (fluent)
Married with two children

STUDIES

1974 - 1978:

Liceo Scientifico S.Giuseppe Villa Flaminia – Rome

1979 - 1984:

Degree in Economics at Libera Università Internazionale degli Studi Sociali (L.U.I.S.S.) – Rome. Thesis: the impact of advertising on marketing strategies – methods of measuring the effectiveness of advertising. Marks: 110/110.

WORK EXPERIENCE

01.2007 (current)

Company

Telecom Italia SpA

Role

Head Of Administration

Responsibilities

· Control of monthly and quarterly financial statement closing process and data consolidation;
· Management of administrative procedures and systems;
· Support in the preparation of the yearly consolidated financial statement (Telecom Italia Group).

Total staff: 73

09.2006 – 12.2006

Company

Telecom Italia Audit & Compliance Services Scarl

Role

Chief Audit Executive, reporting to the President of the Company.

Responsibilities

· In charge of the internal audit activity in Telecom Italia Group in order to evaluate the adequacy of the internal control system.

Total staff: 55

01.2003 – 08.2006

Company

Pirelli & C. SpA

Role

Chief Audit Executive of the Pirelli Group, reporting to Chairman of the Company.

Responsibilities

· Analysis and evaluation of internal control systems;
· Support to the external auditor activities;
· Scoring of the Pirelli units internal control system level;
· Support to the Audit Committees of the Group;
· Team leader for the definition of organizational and control models
(Italian legislative decree 231/01).

Total staff: 17

05.2002 – 01.2003

Company

Pirelli Cavi e Sistemi Telecom SpA (Pirelli Group) – Milan, holding company – Telecom Cables & Systems business.
Total 2002 consolidated turnover: M€ 500
2002 Ebit: - M€ 78 (loss)
Employees (total sector): 2.500
Factories (total sector): 20

Role

Chief Financial Officer, reporting to the CEO of Telecom Cables & Systems Sector and to the CFO of Pirelli SpA - Group holding), in charge of the following activities:
· Planning and Control (staff: 6)
· IT Systems Development (staff: 1)
· Credit Management (staff: 1)
· Consolidated Financial Statements (staff: 1)
· Capital Expenditures Control (staff: 1)

Subsidiaries CFO’s reporting to me.

Responsibilities

· Worldwide coordination of subsidiaries Administration and Control Departments;
· Analysis and consolidations of monthly, quarterly and yearly results of Telecom subsidiaries;
· Assistance and support to the Telecom Sector CEO for extraordinary operations;
· Results report (budget and actual) to the Pirelli Group top management:
· Subsidiaries coordination for the management of net working capital, cash flows and net debt;
· Support to Information Technology Dept. in developing and managing SAP R/3;
· Coordination and control of subsidiaries credit management activities, with definition of the related guide lines;
· Preparation of Sector consolidated financial statements, in line with the Group accounting principles;
· Analysis and evaluation (budget and actual values) of the main capital expenditure projects of the Sector, defining the related payback and IRR. Analysis and evaluation of any restructuring project of the Sector, with particular emphasis to its pay back and cash flow impacts.

07.2001 – 05.2002

Company

Pirelli Cavi e Sistemi Energia Italia SpA – Milan, (production and sale of terrestrial and submarine energy cables)
Turnover: M€ 488
Ebit: M€ 27.7
Employees: 1.799
Factories: 8

Role

Chief Financial Officer, reporting to the Managing Director and to Energy Cables and Systems Sector CFO. Supervision and coordination of the following activities:

· Planning and control (staff: 13)
· Treasury and Credit Management (staff: 5)
· Factories administration and control (staff: 7)

Responsibilities

· Overall review of planning and control processes, with particular emphasis to the following issues:

· Reporting flows (business unit structure, commercial and industrial variances calculation, general ledger);
· Management plan (standard cost calculation, destination areas);
· Credit cycle (matching factory / business, credit management);
· Production cost (definition of actual cost by business, factories entries, definition of the factory controller role);
· Logistic costs;
· Assets management;
· Physical inventories;
· Debit cycle (operational activities and outflows management).

· Coordination and control on the preparation of Tableau del Bord requested by the Pirelli Group (including management plan, three years plan, monthly reports with the following information: balance sheet, income statement, cash flows, commercial and industrial variances analysis). Preparation of three months rolling forecast. All the above for each of the 6 business areas of the Company.

· Coordination and control of treasury and credit management activities, such as:

· Customer analysis;
· Definition of overdue action plans;
· Cash management and net financial position optimization;
· Allowance for doubtful accounts calculation;
· Cash flows analysis (actual and budget).

· Factory costs control (fixed and variable) and corporate costs control;
· Capital expenditures approval and control of NPV and IRR calculation.
· Energy Vision project: responsible (Italian territory only) for the project implementation (Sector KPI’s).

Project goals in details:

· Defining business areas;
· Adapting existing cost accounting logics to the new control model;
· Defining proper IT tools to support the new control model.
Specific project responsibilities were:
· Defining project structure at Italian operating unit level;
· Supporting the project leader at local level;
· Monitoring project activities.

02.2001 – 06.2001

Company

Pirelli Cavi e Sistemi SpA – Divisione Italia – Milan, Italian subsidiary of Cables and Systems Sector – Pirelli Group (production and sale of cables and optical fiber, terrestrial and submarine systems).
Turnover: M€ 736.2
Ebit M€ 117.9
Employees: 3.306
Factories: 10

Role

Chief Financial Officer, reporting to the Managing Director and to the Cables Sector CFO. Coordination and control of the following areas:

· Planning and control (staff: 13)
· Treasury and credit management (staff: 5)
· Factory administration and control (staff: 9)
· Financial processes (staff: 1)

Responsibilities

As above for similar role in Pirelli Cavi e Sistemi Energia Italia SpA.

02.1999 – 01.2001

Company

Magyar Kabel Muvek Rt. – Budapest (Hungary), subsidiary of the Pirelli Group– Cables and Systems Sector (previously in the Siemens Group). Production and sale of energy cables.
Turnover: M€ 100
Ebit: M€ 8
Employees: 630
Factories: 3

Role

Chief Financial Officer, reporting to the Company Chief Executive Officer and to the CFO of Cables and Systems Sector; coordination and control of the following areas:

· General Accounting (staff: 7)
· Industrial Accounting (staff: 6)
· Planning and Control (staff: 3)
· Treasury and Credit Management (staff: 5)
· IT (staff: 8)

Responsibilities

· Implementation of a reporting system taking into account Cables & Systems Sector control standards in order to obtain monthly reports, commercial, industrial and logistic variances;
· Implementation of chart of accounts taking into account Group standard and accounting principles;
· Preparation of statutory and group financial statements, consistent to local and Group accounting principles;
· Factories costs and total fixed costs control and reduction;
· Implementation of Pirelli Group processes and methodologies to properly prepare yearly / three year management plan and correct evaluation, control of capital expenditures (NPV and IRR);
· Reduction of the Company net financial position;
· Implementation of systems and methodologies to hedge exchange rate risks;
· Implementation of SAP R/3 (administrative modules such as FI, CO, AM. IM, TR) and users support;
· Implementation of HW infrastructure, in line with Group standards;
· Centralization of all accounting activities in the Company headquarter;
· Optimization of Administration and Control organizational structure.

07.1996 – 01.1999

Company

Pirelli SA – Brazil (Pirelli Group holding for South America), based in Sao Paulo to support cables and tyres operating units, providing financial, administrative, IT, legal and internal audit services.
Net equity: M€ 119
Employees: 110

Role

South America Internal Audit Manager, reporting to the President of the Company and to the Pirelli Group Chief Audit Executive. Internal audit activities were developed in the following countries: Brazil, Argentina, Venezuela, Chile, Uruguay and Mexico.
Total internal auditors reporting to me: 13 (3 in Buenos Aires and 10 in Sao Paulo).

Responsibilities

· Analysis and evaluation of internal control systems;
· Support to the activities of external auditors;
· Support for the implementation of a rating system for the Pirelli operatine units;
· Integration of internal audit activities through common audit standards definition;
· Review of Latin American internal audit structure.

03.1994 – 06.1996

Company

Pirelli SpA – Pirelli Group holding – Milan, providing financial, administrative, tax and legal services to cables and tyres operating units.
Net equity: M€ 3.766.
Employees: 287

Role

Administration, Planning and Control Department – Administrative Procedures.

Responsibilities

Direct responsibility for the following activities:

· Preparation and updating of Group Chart of Accounts;
· Definition of a unique and common Group Chart of Accounts for cable and tyre operating units;
· Definition of common administrative processes (operational and control rules) for cable and tyre operating units in order to guarantee homogeneous activities, common administrative culture and stable operational and control rules;
· Preparation of Group operating instructions on specific administrative / accounting issues;
· Training program organization at Group level addressed to cables and tyres operating units;
· SAP teams support for the definition of customization rules consistent to Group Chart of Accounts and Administrative Processes.

10.1987 – 02.1994

Company

Studio Tributario di Revisione Fiscale (tax firm) – Rome

Role

Tax firm partner providing tax, administrative and audit services for medium / small companies.

Responsibilities

Consultancy activity to verify accuracy and completeness of fiscal and accounting data. Supporting medium / small entities in forecasting tax charges.

01.1985 – 09.1987

Company

Arthur Andersen & Co. – Rome – Audit services

Role

Senior external auditor in banks, manufacturing and financial legal entities.

Responsibilities

Operational responsibility of audit works through job planning and monitoring.

IT SKILLS

Office automation: MS Office
ERP: SAP R/3

OTHERS

· Certified Public Accountant (Dottore Commercialista)
· Certified External Auditor (Revisore Contabile)
· Certified Fraud Examiner and member of Association of Certified Fraud Examiner (USA)

TRANSFERS

Available for international transfers.

REMUNERATION

· Gross yearly salary: information available on request
· Three year and yearly incentive scheme
· Supplementary pension fund for Telecom executives
· Medical insurance also for family
· Company car
· Mobile