MILAN, March 10 (Reuters) - Matteo Del Fante will lead state-owned conglomerate Poste Italiane for a fourth term, two sources close to the matter said on Tuesday, as Italy prepares to announce a raft
Matteo Del Fante to Remain Poste Italiane CEO for Fourth Term, Sources Confirm
Leadership Continuity and Poste Italiane’s Strategic Evolution
Matteo Del Fante’s Reappointment and Background
MILAN, March 10 (Reuters) - Matteo Del Fante will lead state-owned conglomerate Poste Italiane for a fourth term, two sources close to the matter said on Tuesday, as Italy prepares to announce a raft of top job appointments at leading state‑controlled firms.
Del Fante, a former JPMorgan banker, took over at Poste in 2017. With his third term as CEO ending in April, he is set to be handed another three-year mandate, the sources said.
Poste declined to comment.
Poste Italiane’s Business Expansion
Diversification Beyond Traditional Services
Poste, which is Italy's largest employer with more than 120,000 staff, has expanded beyond its traditional mail and parcel business to offer insurance, payments, savings management, energy and mobile phone services.
Financial Performance Under Del Fante
Under Del Fante, Poste has more than tripled its profits and market value, emerging as Italy's leading logistics operator in recent years by capitalising on the surge in e‑commerce.
Strategic Investments and Partnerships
Telecom Italia Stake and Cloud Initiatives
Last year, Del Fante also oversaw Poste's investment in Telecom Italia, of which it is now the largest shareholder, partnering with the former phone monopoly in a number of initiatives, including in the cloud sector.
Ownership Structure
State Holdings in Poste Italiane
The Italian Treasury directly owns a 29.3% stake in the postal service, while another 35% stake is held through state lender Cassa Depositi e Prestiti.
Reporting Credits
(Reporting by Giuseppe Fonte in Rome and Elvira Pollina in Milan; Editing by Valentina Za)
