The approval of financial statements, the appointment of the new board, and a buyback plan of up to 2 billion euros: these were the topics on the agenda discussed at the annual Enel Shareholders' Meeting, which registered a record shareholder turnout of 59%. An outstanding three-year period for the Group, whose capitalization has grown from 30 billion euros as of January 2014 to the current 45 billion, thanks in part to strategic actions such as the integration of Enel Green Power and the reorganization of shareholdings in Latin America. The Shareholders' Meeting approved an overall dividend of 0.18 euros per share, +12% compared to last year. Enel CEO Francesco Starace expressed great satisfaction with the results and emphasized 2016’s outstanding results: EBITDA over 15 billion euros, a net income of 3.2 billion euros, and a significant improvement of cash generating capacity. Starace further highlighted how “all these elements prove Enel solid and efficient, and ready to effectively face the industry's challenges at an international level”. The Group will continue to be a front-runner in the global energy transition, taking advantage of all the future opportunities provided by the markets.
all these elements prove Enel solid and efficient, and ready to effectively face the industry's challenges at an international level
Francesco Starace, Enel CEO
The members of the Board of Directors elected at the Shareholders' Meeting will serve until 2019. Patrizia Grieco was confirmed as Chairman whilst the first Board of Directors, meeting the day after the Shareholders' Meeting, appointed Francesco Starace as Chief Executive Officer. Other members of the BOD include: Alfredo Antonozzi, Alberto Bianchi, Cesare Calari, Paola Girdinio, Alberto Pera, Anna Chiara Svelto, and Angelo Taraborelli.