Terna Terna - Pr: Assignment of the NEW Board of Directors - Pasqualino Monti CEO and Gm-Attribution of Powers-Constitution of Committees: directors' dealings · Italy · Consob

About Terna Terna - Pr: Assignment of the NEW Board of Directors - Pasqualino Monti CEO and Gm-Attribution of Powers-Constitution of Committees

Terna S.p.A. is Italy’s strategic electricity transmission system operator and a core infrastructure name on Borsa Italiana (FTSE MIB). Headquartered in Rome, the company operates at the center of Italy’s power system, managing, maintaining, and expanding the high- and extra-high-voltage transmission network that underpins national energy security and the integration of renewable generation. Its regulated profile makes Terna a defensive, infrastructure-led equity with earnings visibility closely tied to Italy’s regulatory framework and long-term grid investment cycle. ([borsaitaliana.it](https://www.borsaitaliana.it/borsa/azioni/profilo-societa-dettaglio.html?isin=IT0003242622&lang=en&mic=MTAA&utm_source=openai)) Founded in 1962, Terna has evolved into the dominant transmission player in Italy, with a business model anchored in regulated network activities and complemented by engineering, technical services, and selected non-traditional energy solutions. The group’s main activities include operating the electricity dispatching system, maintaining and upgrading the grid, building substations and transmission lines, and developing cross-border interconnections. Terna also highlights industrial capabilities through subsidiaries active in transformers, land cables, and integrated electrical-system services, supporting project execution across the value chain. ([stockanalysis.com](https://stockanalysis.com/quote/bit/TRN/company/?utm_source=openai)) From a competitive standpoint, Terna holds a near-monopolistic position in Italian transmission, which gives it a structural strategic role rather than a conventional commercial one. This leadership status provides strong visibility on investments and cash generation, but also means performance depends heavily on regulatory decisions, permitted returns, and timely delivery of large capital projects. The company’s investment thesis therefore rests on infrastructure expansion, grid reliability, and the accelerating need to connect renewable power and relieve bottlenecks across Italy’s electricity system. ([borsaitaliana.it](https://www.borsaitaliana.it/borsa/azioni/profilo-societa-dettaglio.html?isin=IT0003242622&lang=en&mic=MTAA&utm_source=openai)) Recent corporate and strategic news remains highly relevant for investors. In 2025, Terna updated its 2024-2028 industrial plan, increasing planned investments to EUR 17.7 billion over five years, including EUR 10.8 billion dedicated to the national transmission grid. Management framed this plan around energy security, territorial planning, renewable integration, and stronger interconnections between market zones. Key ongoing projects include the Tyrrhenian Link and additional links with Greece, Tunisia, France, and Italian islands. In May 2026, Terna’s new Board of Directors appointed Pasqualino Monti as Chief Executive Officer and General Manager, with powers allocated and board committees constituted, a material governance update for shareholders and market participants. ([lightbox.terna.it](https://lightbox.terna.it/en/frontline-24-7/update-industrial-plan?utm_source=openai))