Energy services firm Saipem appoints new CEO

Energy services firm Saipem appoints new CEO

Saipem has appointed Francesco Caio as its new chief executive officer (CEO) and general manager.

Mr Caio, who takes over at the energy services company from Stefano Cao, has “considerable experience” as a CEO of several multinational companies, both public and private.

He has operated in the industrial sector, in advanced technology, finance and telecommunications, working with businesses including Lehman Brothers and Avio.