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ROME, April 14 (Reuters) – Italy’s stock market watchdog
Consob is scrutinising the government’s CEO nominee at defence
group Leonardo after an opposition lawmaker raised
potential conflict-of-interest issues, sources at the regulator
said on Friday.
Italy’s Treasury on Wednesday tapped former Energy and
Environment Minister Roberto Cingolani to take charge of
Leonardo, as part of a round of nominations at state-controlled
firms.
Green party leader Angelo Bonelli complained about the
choice to Italy’s Antitrust agency, saying it runs against a law
that bans ministers from taking on jobs in sectors they
previously regulated in the 12 months after leaving office.
“Leonardo operates also in the environmental sector and
Cingolani was ecological transition minister in the previous
government led by Mario Draghi until October 2022,” Bonelli said
on Thursday.
Sources at Consob said Bonelli’s complaint “indirectly
concerns” also their agency as its competences include
supervising the correct functioning of listed companies’
internal bodies.
On Thursday, Italy’s Antitrust authority declined to
comment, while text messages to Cingolani went unanswered.
Cingolani has a background as a physicist and has informally
advised Prime Minister Giorgia Meloni’s office on energy policy.
He was previously Leonardo’s chief technology and innovation
officer.
Leonardo’s shareholders are expected to ratify his
appointment at a May 9 meeting.
(Reporting by Alvise Armellini and Stefano Bernabei; editing by
Diane Craft)
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