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Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman 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

Bill Steinman Contributing Editor

FCPA Blog Daily News

« ‘He was, in a word, incorruptible’ | Main | Neil MacBride: Combating international crime, using a 21st Century playbook »
Monday
Dec092013

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.”