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Stocks•21 April 2026•

1 min read

Meloni Issues Ultimatum to Terna CEO Over €7.3M Severance and Eni Appointment

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Key Facts

1Italian PM Giorgia Meloni warned Terna's outgoing CEO she must choose between a severance package and her new role at Eni.

2The disputed severance pay amounts to 7.3 million euros ($8.58 million).

Italian Prime Minister Giorgia Meloni has issued a firm ultimatum to Terna's outgoing CEO, Giuseppina Di Foggia, regarding her transition to a new role at Eni. The dispute centers on a €7.3 million ($8.58 million) severance package that Di Foggia is reportedly seeking from the power grid operator. Meloni clarified that the executive must choose between the multi-million euro payout and her new state-backed appointment as chair of energy major Eni. This intervention underscores the Italian government's commitment to curbing excessive executive compensation within state-controlled enterprises. While the situation highlights significant political oversight and governance risks, market analysts expect a neutral impact on the share prices of TRN.MI and ENI.MI. The move signals a broader push by the Italian administration to enforce fiscal discipline and transparency in public-sector corporate leadership transitions.