Skip to content


Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Saipem shuffles execs to enhance anti-corruption compliance

Italian oil and gas services company Saipem is beefing up compliance by creating a new senior management position, the board of directors said last week.

Alberto Chiarini has been appointed Chief Financial and Compliance Officer. He joined Saipem from another Eni subsidiary as special assistant for compliance to the CEO, according to industry news site Oil Patch Asia.

Saipem has been under investigation by Italian authorities for a year for alleged bribe payments in Algeria before 2009.

Saipem’s former CEO Pietro Franco Tali resigned last year ‘to assist Saipem in responding to the investigation.’
Italian oil giant Eni owns 43 percent of Saipem.

Eni is also the parent company of Snamprogetti Netherlands B.V.

In 2010, Eni and Snamprogetti paid $365 million to resolve U.S. charges under Foreign Corrupt Practices Act for bribes paid in Nigeria with partners KBR, Technip S.A., and JGC of Japan.

Saipem said Friday it was combining the finance, legal and compliance duties “in order to strengthen the Company’s management structure and reiterate its current strategic focus on compliance and internal controls.”

Share this post


Comments are closed for this article!