Paolo Emilio Signorini was fired For “just objective cause” from the role of CEO and general manager of Iren spa, the leading energy multi-utility in the North-West. The company’s board of directors communicated this in a note: the reason for the decision, we read, is the “objective incompatibility of the work performance” of the 61-year-old manager with the precautionary measure to which he was subjected. Signorini, in fact, it is in prison since May 7th on charges of having been bribed by the entrepreneur Aldo Spinelli during his mandate as president of the Port Authority of Genoa, as part of the same investigation that led to the president of Liguria being placed under house arrest Giovanni Toti. According to the accusation, in particular, Spinelli paid Signorini a long series of benefits – including 15 thousand euros in cash for his daughter’s wedding, stays in Monte Carlo and luxury items – in exchange for favorable provisions on port concessions. Last June 3 the investigating judge Paola Faggioni rejected the manager’s lawyers’ request to revoke his detention in prison.
“The precautionary custody measures undertaken against Doctor Signorini on 7 May 2024, connected to the ongoing investigations of the Genoa Public Prosecutor’s Office and confirmed also after the requests made by his defence, cause animpossibilityat this point irreversible and no longer just temporary, to exercise his functions as top manager”, reads the note from the Iren board of directors. “As regards the economic elements, it is not foreseen L’disbursement of sums of money in relation to the termination of the fixed-term employment relationship before the expiry of the term. All the instruments to protect the rights and prerogatives of the company remain intact, which have already been reminded of the market and the shareholders”, adds the press release, specifying that the manager “does not appear to hold Iren shares”. The management powers that were held by Signorini have been entrusted to the executive president Luca Dal Fabbro and to the vice president Moris Ferretti.
