Alfredo Macchiati

ALTERNATE AUDITOR OF THE COMPANY SINCE 2009, ELECTED BY THE MINORITY SHAREHOLDERS

Mr. Macchiati received a degree in Economics from the Università degli Studi of Rome in 1976. Since 2004, he has been Senior Vice President, Institutional Relations and Competition for Ferrovie dello Stato. From 2000 to 2004, he was Senior Vice President of Regulatory Affairs for Enel S.p.A. From 1994 to 2000, he was Head of Economic Research Division of Consob. From 1991 to 1994, he worked for the Italian ‘Autorità Garante della concorrenza e del mercato’. Since 1985, he has been professor of Finance, Industrial Economics, European Economic Policy and Institutions at several universities. Currently, he teaches “Institutions and European Economic Policy” at the Faculty of Economics of the University of Rome “Tor Vergata”. He is an associate editor of the journal ‘Mercato.Concorrenza Regole’ and has authored several publications on privatization, public utilities regulation and financial markets. Mr. Macchiati is a director of Trenitalia S.p.A.