Share this Story: Prysmian CEO Hits €10 Billion Milestone in Last Term at Helm [Financial Post (Toronto, Ontario, Canada)]
PRYSMIAN S.P.A. UNSP/ADR (PRYMY)
NASDAQ:AMEX Investor Relations:
prysmiangroup.com/en/investors
Company Research
Source: Financial Post
(Bloomberg) — Valerio Battista, the executive who transformed Prysmian SpA from a unit of tire maker Pirelli into a global leader in cables, has managed to push the Italian company past the €10 billion ($10.9 billion) market value threshold in what could be his final term at the helm. The 66-year-old likely won't seek another mandate as chief executive officer when his term expires next year, people familiar with the matter said. Still Battista, who's been Prysmian's CEO since it was spun off almost two decades ago, is set to remain one of the company's top shareholders, as he plans to retain his roughly 1.5% holding, said the people, who asked not to be named before any official decision is made. A spokesman for the company, which has a succession plan in place according to its 2022 report on remuneration and compensation, declined to comment on Battista's potential plans and investments. Battista already retired as general manager in 2021, the company said in the report.
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