The Board of Directors of Saipem S.p.A. appointed Stefano Cao as CEO and granted him the powers to manage the Company, with the exception of the specific responsibilities that are reserved for the Board of Directors and those that are not to be delegated according to current legislation. The Board of Directors also confirmed the powers of the Chief Executive Officer and Chairman already established during the previous Board's mandate, which ended with the Shareholders' Meeting held May 03, 2018.