Enel Taps Veteran Deambrogio to Head Rest of the World Operations
Enel, the Italian giant in the renewable energy sector, is undergoing another leadership shift with the departure of Alberto De Paoli, its head of operations in key markets including the United States, Brazil, and Chile. De Paoli, who also held the position of Enel’s chief financial officer from 2014 to 2023, will be succeeded by Roberto Deambrogio, a longtime veteran of the company.
These changes represent the latest restructuring since Flavio Cattaneo took the helm as Enel’s director general in May, succeeding Francesco Starace after his lengthy tenure.
De Paoli’s move signals a potential transition to a new chapter in his career, possibly embracing entrepreneurial endeavors, according to sources.
The strategic shift comes as Enel sets its sights on a nearly €11 billion ($11.5 billion) investment plan for Latin America and North America, scheduled for completion by 2027. This plan underscores Enel’s commitment to solidifying its presence in these regions.
When unveiling its updated business plan last month, Enel emphasized its dedication to continuing investments to maintain its existing concessions in Brazil and Chile. These two countries have witnessed some of Enel’s electricity networks grappling with the effects of extreme weather conditions. These challenges have resulted in power outages and prompted concerns from local authorities.
Meanwhile, Enel continues to navigate the complex landscape of renewable energy development. The increasing frequency of extreme weather events poses a constant challenge to its infrastructure and operations, underlining the importance of resilient and adaptable energy networks.
Does Enel’s strategic shift towards power grids signal a broader trend in the renewable energy sector, given the current economic climate?
Enel’s new CEO is taking a more cautious approach to renewables, focusing investment on power grids over the next three years [[1](https://www.reuters.com/business/enel-invest-36-bln-euros-2024-2026-more-selective-renewables-2023-11-22/)]. Do you think this signals a lack of commitment to renewable energy, or a necessary shift in strategy given the global economic climate?
