- Marco Palermo, current Head of M&A at Enel, will take the new post of General Manager of Administration, Finance and Control at Endesa in January 2023
- The company's new General Manager of Administration, Finance and Control has worked for the Enel Group for the past 18 years and held the position of Deputy Managing Director Strategy & Development at Endesa between 2009 and 2012.
- Palermo joins Endesa as the head of economic-financial management in a time of great challenges arising from the energy crisis in Europe.
Marco Palermo, current Head of Mergers and Acquisitions (M&A) at Enel, has been appointed General Manager of Administration, Finance and Control by the Board of Directors and will take the new post in January 2023.
Palermo, who has been associated with the Enel Group for the past 18 years, was the Deputy Managing Director of Strategy & Development at Endesa between June 2009 and June 2012. He joined Enel as Head of Operation & Integration in 2004 and held this post until 2009. He also held the post of VP Global Execution M&A at Enel from 2012 to 2016 and was appointed Head of M&A in October 2016.
A graduate in Economics from the Luiss Guido Carli University in Rome (1996), he has also received executive training at the business schools Iese (General Management Fundamentals), SDA Bocconi of Milan (Corporate Finance), Harvard (General Management Program), as well as at the University of Oxford (Fundamentals of the Oil & Gas business).
The Italian executive joins Endesa as the head of economic-financial management at a time of great challenges arising from the energy crisis in Europe, in a period during which the company will continue to delve into its transformation and the decarbonisation of its energy mix, the electrification of its customers and the digitalisation of its industrial and commercial operations. In this regard, the company has maintained its firm course towards linking its financial operations with sustainability criteria. The company is currently one of the leaders in the Spanish energy sector with this strategy.
In fact, in a complex year like 2022, Endesa has closed financial agreements worth €13.6 billion in sustainable debt. In addition, the roadmap defined in the strategic plan 2023-2025 presented last November involves the progressive refinancing of future maturities and obtaining new revenues through instruments linked to sustainability criteria. Therefore, the volume of sustainable financing that now represents more than 65% of the total will exceed 85% by the end of the plan.
About Endesa
Endesa is the largest electricity company in Spain and the second largest in Portugal. The company is also the second largest gas operator in the Spanish market. Endesa operates an end-to-end generation, distribution and marketing business. Through Endesa X it also offers value-added services aimed at the electrification of energy use in homes, companies, industries and Public Administrations. In addition, it has created a new line of business. Endesa X Way is fully dedicated to electric mobility. Endesa is firmly committed to the United Nations SDGs and strongly supports the development of renewable energies through Enel Green Power España, the digitalisation of grids through e-distribution, and Corporate Social Responsibility (CSR). The Endesa Foundation is also active in CSR-related matters. Our workforce numbers around 9,260 employees. Endesa is a division of Enel, the largest electricity group in Europe.