Eni CEO, Senior Managers to Defer Half of 2020 Long-Term Incentive Plans
24 Abril 2020 - 12:46AM
Noticias Dow Jones
By Giulia Petroni
Eni SpA said late Thursday that Chief Executive Claudio Descalzi
and all senior managers would defer half of their 2020 long-term
incentive plans until 2021.
"The decision has been made due to the current health emergency
and the situation in the oil-and-gas sector, and it joins the
company's measures to reduce investment and operating costs," the
Italian oil-and-gas company said.
This action will reduce Eni's outflows by 30.2 million euros
($32.6 million) this year, it said.
Eni also said it would reduce costs related to the remuneration
of senior management this year, saving a total of EUR16.5 million.
Combined with additional administrative savings, the company said
it will save a total of EUR62.3 million in 2020.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 24, 2020 01:31 ET (05:31 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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