Board of Directors

Role, appointment and composition

The Board of Directors has a central role in Rai Way’s governance system. It shall be solely responsible for managing the company and shall work with the diligence required in accordance with the nature of the duty and on the basis of the specific skills of each of its members.

Roles

The Board of Directors is invested with powers to manage the company and the right to carry out all actions deemed necessary or advisable to implement the corporate purpose, with the sole exception of those reserved to the shareholders’ meeting. The Board’s methods and abilities are determined by a specific regulation, adopted by the same Board in accordance with laws, regulations, and statutes.

In particular, the Board of Directors evaluates the adequacy of the organisational, administrative, and financial structure of the company, with particular reference to the Internal Auditing and Risk Management System. In addition to the powers that cannot be delegated by law, the Board of Directors is also responsible for resolutions concerning:

general guidelines, the adoption and amendment of industrial, strategic and financial plans
the appointment and dismissal of the General Manager and of the Chief Financial Officer

Appointment

Directors are elected by the Shareholders' Meeting on the basis of the slate voting system. Names are chosen from lists submitted by shareholders who, on their own or together with other Shareholders, own Rai Way shares representing at least 2.5% of the share capital with voting rights or representing a lower percentage established by mandatory provisions of law or regulations.

Composition

The current Board of Directors, composed of seven members, including four women, will remain in office until approval of the Financial Statements for the year ending 31 December 2025.

Four directors are women and six meet the independence requirements of the law and by the Code of Corporate Governance for Listed Companies.

The Board includes managerial and professional profiles with adequate knowledge and experience, particularly in the field of technological infrastructures (media and telecommunications), financial issues and risk management.

Members of Board of Directors

Giuseppe Pasciucco - Chairman

Born in Rome in 1965. He graduated in Economics and Commerce, and, after gaining experience in an auditing company, he joined RAI in 1993 in the Administrative Support department. A year later he was put in charge of Group Planning and Control, where he was responsible, among other things, for preparing the industrial plan and budget of the company and its subsidiaries, evaluating and reporting on economic and financial projects and drawing up business plans for new initiatives. In 1997, he became Group Control Officer in charge of economic and financial planning. In 1999, he became manager in charge of multi-year planning in the Planning, Budget and Control department. In 2001 he was called to Rai Trade as head of Administration, Finance, Management Control and HR. Three years later he also received responsibility for the commercial coordination of the company. In 2004, while maintaining his previous position, he became assistant to the chairman of Rai Trade for corporate relations, board activities, budget supervision and policies with respect to group strategy. In 2006 he took on the role of Director Sports Rights for Rai. In October 2014, he took over as Head of planning and management control at Rai and in April of the following year he was appointed Chair of Rai Pubblicità, a position he held until March 2016. From June 2016 to August 2017 he was Member of the Board of Directors of RAI Cinema. Since September 2017 he has been Chief Financial Officer as well as Director of Finance and Planning at Rai. He was a member of the Board of Directors of Auditel S.r.l. from April 2015 to April 2021. From July 2020 to March 2022, he was Chairman of the Board of Directors of Rai Way S.p.A.. From August to September 2021, he also took over ad interim responsibility for RAI’s Licensing and Artistic Heritage department. In September 2021, he was appointed Director of the CEO Staff department of RAI. In May 2023, he was appointed Director of RAI’s Strategic Initiatives Coordination department. In October 2024 he is appointed Director Sports Rights for Rai, a position he currently holds.

Since 27 April 2023, he has been Chairman of the Board of Directors of Rai Way S.p.A.

Roberto Cecatto - Chief Executive Officer

Born in Naples in 1959. He graduated in Electronic Engineering with a focus on Telecommunications from Sapienza University of Rome. He began his career with the IT department of Aeroporti di Roma. He then joined RAI in 1987 at the Technical Support/Planning, Installation and Operation BF-TV where he worked in the New Filming Systems area. In 1994, he worked in the Fixed and Mobile Plant Technology Planning department of the Technology Planning and Plant Management Department. In 1994, he joined the Technical High Council of the Ministry of Postal and Telecommunications Services as an extraordinary member, a role he held for four years. In 1995, he moved to the TV Production Department within the TV Production Plant Development structure for fixed plant programming and operation activities. Two years later, he took on the position of Head of the Automation, Regulation and Specialised Assistance for Fixed Installations area within the TV Production Plant Development structure. The following year, he was given responsibility for Fixed Plant Engineering and Development within the Production Systems Engineering and Development area. In 2000, he was made responsible for the engineering unit of the TV Production Division. In September 2007, he was appointed Deputy Manager of TV Production, and in April 2008, while remaining Deputy Manager, he was given responsibility for the Production Resources Planning and Monitoring area. Since May 2013, he has been Manager of TV Production Management, a position he has held since September 2014 alongside that of Deputy Chief Technology Officer. In September 2017, he was appointed Chief Operations Officer while remaining Manager of TV Production Management. From August 2019 to April 2020, he was made responsible for the TV Production Centre in Naples on an interim basis. In October 2021, he was appointed Manager of the Real Estate Infrastructure and Local Headquarters Department. He has participated in external activities, Eureka 95, Vision 1250, EBU Technical Dpt. IBC Council, CNEL.

Since 27 April 2023, he has been a Member of the Board of Directors of Rai Way S.p.A., of which he is also Chief Executive Officer and General Manager.

Romano Ciccone - Director (independent)

Born in Rome in 1961. He graduated in law from the University of Salerno. He subsequently attended the CEDIC Association of Community Studies - Business Administration Professions postgraduate course as well as the Sports Managers at the National Educational Sports Centre (C.E.E.N.) and the Italian Olympic Committee (C.O.N.I.) postgraduate course. He has collaborated on courses of regional, administrative, civil and constitutional law. In 2009, he was, among other things, a lecturer in the Post-Marketing Surveillance course on the postgraduate course in “Healthcare Management: Pharmacoeconomics, Pharmacovigilance and Management Aspects” at the University of Salerno, as well as lecturer on several postgraduate courses and a speaker at numerous conferences and seminars. Since 2007, he has been a lecturer in Civil Procedural Law at the Pegaso Telematic University. He has been honorary deputy magistrate of the Salerno magistrate’s court (since March 1995), of Montecorvino Rovella (since 1995) and of Mercato San Severino (since February 1997) and is a member of the Board of Directors of the Southern Apennines Consortium. From 2002 to 2006, he served as councillor for litigation and debt collection, as municipal councillor, as a member of the Salerno city council commission (transport, productive activities, town planning, budget and transport) and as a member of the local health authority evaluation board. From 2010 to 2012, he was councillor and legal advisor for transport and mobility sector of the province of Salerno, chair of the company I.A.C.P. FUTURA s.r.l. and legal advisor for the local health authority of Salerno. In December 2013, he became a member of the Board of Directors of the Automobile Club Salerno. Since April 2022, he has been a member of the Board of Directors of the Salerno Chamber of Commerce as a member representing the union for the protection of consumer rights (U.Di.Con.). Since October 2015, he has been Provincial Manager for the province of Salerno of the U.Di.Con. consumer association, of which he was National Councillor until 24 March 2023. As a lawyer, he provides legal advice and assistance on various matters. He also published several publications.

Since 27 April 2023, he has been an Independent Member of Board of Directors of Rai Way S.p.A. and a member of the Remuneration and Appointment Committee.

Alessandra Costanzo - Director (independent)

Born in Bologna in 1963. She graduated with honours in Electronic Engineering in 1987 from the Alma Mater Studiorum University of Bologna. She is Full Professor of Electromagnetic Fields at the same university at the “Guglielmo Marconi” department of Electrical and Information Engineering. In 2022 she was elevated to the rank of IEEE Fellow. From 1987 to 1989 she held a research position at the Guglielmo Marconi Foundation in Bologna. In 1989, she won the competition for University Researcher in the scientific disciplinary sector of electromagnetic fields at the Faculty of Engineering of the University of Bologna. In 2001, she won the competition for Associate Professor and in 2018 for Full Professor in the scientific disciplinary sector at the School of Engineering, University of Bologna. She supervises several PhD students and the radio frequency circuit research laboratory at the University of Bologna. She belongs to the “E. De Castro” (ARCES) Research Centre on Electronic Systems, the Interdepartmental Centre for Industrial Research on ICT (CIRI-ICT) and the National Wireless Communications Laboratory of the National Interuniversity Consortium For Telecommunications (CNIT-WiLAB). She was Associate Editor of the IEEE Transaction on Microwave Theory and Techniques, Vice-Chair of the Administrative Committee of the IEEE CRFID, Chair of MTT-S TC 25 on Wireless Power Transfer (WPT) and Energy Harvesting and of the International Steering Committee on WPT. She is responsible for numerous research projects funded by the European community, under the National Recovery Programme and for commissioned research on the topics of antennas, circuits and wireless systems. She is author of more than 300 publications in international journals and congresses and the inventor of several international patents. She has held various academic positions: from 2018 to 2021 she was the coordinator of the Phd course in Electronic Engineering, Telecommunications and Information Technology (ETIT), she is a member of the DEI board and from 2021 to 2024 she took on the role of deputy head of the department; from 2017 to 2022 she was the didactic-scientific director of the School of Higher Education in Systems Engineering for integrated mobility at the University of Bologna. She has carried out and still carries out various institutional activities, including serving as a member of selection committees for university professorships of the first, second rank and researcher, both in Italy and abroad. She is a member of international scientific committees for the evaluation of research projects from various European countries, such as Austria, France, Finland, Germany and Norway. Since 2025 she has been a member of the Board of Directors’ of the non-profit association European Microwave Association (EuMA).

Since 27 April 2023, she has been an Independent Member of Board of Directors’ of Rai Way S.p.A. and a member of the Control and Risk and Sustainability Committee, which also acts as the Committee for Related Party transactions.

Michela La Pietra - Director

Born in Rome in 1964. She graduated with honours in Economics and Business at the University “La Sapienza” in Rome, holds an ISTUD master's degree in entrepreneurship. She is a chartered accountant, auditor and professional journalist. From 1988 to 2000 she worked at Procter & Gamble in various roles, including Financial Analysis Manager at the head office in Portugal, Euro Incontinence Financial Analysis Group Manager in Germany, and finally of Banking & Insurance Group Manager for the subsidiary P&G Italia and Financial Manager for the pharmaceutical division of the latter. In 2000, she joined the RAI Group as Head of planning and control, business strategies, commercial agreements and the legal department of the company RAI-NET (wholly-owned by RAI). In 2004, at RAI, she was Head of the Isoradio channel CCISS (Road Safety Information Coordination Centre) and broadcasting of which she became Deputy Director in 2009. From 2016 to 2021 she was Deputy Director for the realisation of a single Weather and Mobility hub in RAI’s public utilities and subsequently becomes deputy manager of Rai Pubblica Utilità, a position she currently holds.

Since 27 April 2023, she has been a Member of the Board of Directors of Rai Way S.p.A.

Barbara Morgante - Director (independent)

Born in Livorno in 1962. She graduated in Statistics and Economics from the University of Bologna with honours. She has been a Director of Italgas SpA since 1 March 2022. From January 1988 to March 1995, she was a management consultant dealing with projects in the areas of Strategy, Marketing and Organisation for large clients operating mainly in the transport, construction, IT and government run sectors. In 1995, she joined the Ferrovie dello Stato Group where she was first Head of Marketing in the Commercial department (TAV - high-speed train), then Director of Strategy and Planning (RFI - Italian Railway Network) and, finally, Central Director of Strategy, Planning and Systems until December 2015 (FS - State Railway). From December 2015 to September 2017, she was Chief Executive Officer and General Manager of Trenitalia SpA of which she had already been a Board member since August 2012. In 2017, she returned to Ferrovie dello Stato Italiane S.p.A. as Central Director of Governance for Foreign Investments, a position she held until December 2018. She was a member of various Boards of Directors, also serving as Chair, of FS Group companies in Italy and abroad. Former member of several committees of Confindustria, a member of the Infrastructure Commission, Project Manager of the European Performance Regime project and Chair of the High Level Passenger Meeting of the UIC (Union Internationale des Chemins de fer), and Chair of the Technical Group Infrastructure for transport and logistics of Unindustria Lazio. She has been appointed as a lecturer in the postgraduate degree programme “Engineering of Infrastructure Networks and Logistics” at the Pegaso Telematic University and she was a member of the LUMSA Advisory Board from May 2017 to January 2023. She served as General Manager of the Abruzzo Region from September 2019 to February 2022, and has been an executive of the Italgas group since March 2022. Also in 2022, she was appointed CEO of the Greek company DEPA Infrastructure Single member S.A., now Enaon Sustainable Networks Single member S.A. (September-current), Member of Board of Directors’ of Italgas Newco S.p.A. (September-July 2024) and Finint Infrastrutture SGR Società di gestione del risparmio SpA (October-current). Since July 2024 she has been Chair of the Board of Directors’ of Acqua Campania SpA and since October of the same year President of L.A.C. Laboratorio Acqua Campania Srl.

Since 24 June 2020, she has been an Independent Member of Board of Directors’ of Rai Way S.p.A. Until 27 April 2023, she was a member of the Control and Risk and Sustainability Committee and then, as at present, of the Remuneration and Appointments Committee.

Umberto Mosetti - Director (independent)

Born in Rome in 1965, attorney. He graduated cum laude in Law in 1987 and then obtained a Master's Degree in Law from Columbia University School of Law in 1988. Between 1986 and 2000 he joined Borsa of Consob (1986-1987); the legal office Stroock & Stroock and Lavan of New York (1988-1989); the Corporate Finance Department of Morgan Stanley & Co. in New York (1989-1990) and London (1990-1991); the Legal, Holdings and M&A department of Finmeccanica St Sgs-Thomson Microelectrics (1992-1995) and was Managing Partner at ICFA International Corporate Finance Advisers (1996-2000). From 2001 to 2006, he was a partner in Deminor International, Responsible for Deminor Investment Management and Chairman of Deminor Italia. From 2006 to 2013, he represented Amber Capital in Italy and was Vice Chairman of the Board of Directors and a member of the Investment Committee of Amber Capital Italia Sgr. He was appointed Independent Member of Board of Directors and member of the Internal Supervisory Committee of Vincenzo Zucchi S.p.A., Independent Member of Board of Directors of Vianin Lavori S.p.A., as well as common representative of the savings shareholders of FIAT S.p.A., Independent Member of Board of Directors and member of the Appointments and Remuneration Committee and the Litigation and Control and Risk Committee (from 2012 to 2016) of Parmalat S.p.A. and Member of Board of Directors of Sorgenia S.p.A. and Chairman or Member of Board of Directors of several non-listed companies in logistics and energy sectors. He was Professor of Private Law at the Faculty of Economics of the University of Siena (1999-2006) and of Corporate Governance at the Faculty of Law of the University of Turin (2008-2011), as well as Visiting Professor of Law and Corporate Governance at the University of Western Ontario (2007) and Research Assistant at Columbia University School of Law in New York (1988-1989). He is the author of several publications in the area of corporate governance and regulations of financial markets and has spoken at several academic conventions and professional international seminars. He is Chief Executive Officer of Italian Independent Investment Partner SGR.

Since 28 April 2017, he has been an Independent Member of Board of Directors of Rai Way S.p.A. Until 31 December 2018, he was a Member of the Control and Risk Committee and then he has been Member of the Remuneration and Appointment Committee, having became Chair of the latter since 28 April 2023.

Gian Luca Petrillo - Director (independent)

Born in Rome in 1977. He was a member of the Superior Council of Communications, the Executive Committee for broadband and the Executive Committee of the Italian naming authority and was Chair of the Ministerial Committee for IT security. He has held university positions and lectured at various institutes including LUMSA, the University of Venice and the University of Milan. He is the author of several publications. From 1998 to 2006, he was an IT consultant at the Chamber of Deputies and from 2001 to 2006 an advisor at the Ministry of Communications on the internet, broadband, network security, e-commerce, performance for justice purposes, at national, European and international level. In 2004, he oversaw the founding of Infratel Italia Spa, a subsidiary of the Sviluppo Italia group, on behalf of the parent company and the Ministry of Communications, a company aiming for the construction of strategic broadband infrastructures. He served as a Board of Directors’ Member until 2007. He was Client Executive and Security Officer for IBM Italy from 2006 to 2008; Government Affairs Manager for Microsoft from 2008 to 2013; and Head of Regulatory Affairs and Commercial Engagement at British American Tobacco from 2014 to 2015. He was a Board of Directors’ Member of Utopia Lab, a company engaged in integrated public affairs, media relations and digital strategies from 2016 to 2018. Since 2018, he has been Head of Public Affairs and Communications Italy & Belgium for Deliveroo. Since March 2024 he has been a member of the Interministerial Committee for Ecolabel and Ecoaudit representing the Ministry of Environment and Energy Security.

Since 27 April 2023, he has been an Independent Member of Board of Directors of Rai Way S.p.A. and a member of the Control and Risk and Sustainability Committee, which also acts as the Committee for Related Party transactions.

Paola Tagliavini - Director (independent)

Born in Milan in 1968. She graduated with honours in business administration from the Bocconi University in Milan, where she carried out teaching and research activities on issues related to corporate protection and at the SPACE centre of the same University from 1993 to 2003. In 1997, she was a Visiting Researcher at the Insurance & Risk Management department of the Wharton School-University of Pennsylvania, USA. She is Adjunct Professor at the Accounting department of Bocconi University where she teaches the “Corporate Auditing (advanced course)”, “Internal Audit, Risk and Corporate Compliance” and “Enterprise Risk Management” courses (since 2012). She is Professor of Risk Management at the Accounting area of Bocconi Business Management School and a member of the faculty of the Executive Master degree in Finance and the Master degree in Corporate Finance for the subjects of audit, risk and compliance. She is co-Director of Lab-ERM and a lecturer in SDA executive business management courses on internal control and risk management topics (since 2012). She has 30 years of experience in risk management issues, having led specialist teams at: Marsh, where she headed the Business Risk Advisory Unit of Marsh Italia Spa and was a member of the Advisory Board of Marsh Risk Consulting at European level (1999-2007); Oliver Wyman, Senior Manager for Corporate Risk and Insurance EMEA (2007-2009); AON S.p.A, Director of AON Global Risk Consulting for Italy and Turkey (2009-2011). At DGPA & Co, she has been responsible for the Risk Management division since 2011. She has been an Independent Director in Eurizon Capital SGR, Eurizon Capital SA, Eurizon Capital Real Asset and in Fideuram Asset Management SGR. She has also served as an Independent Director in the SAVE Group (Venice Airport), the Amissima insurance group, Be and DelClima. She has also served as Statutory Auditor of Brembo S.p.A, OVS S.p.A and RCS Mediagroup S.p.A.. From 2014 to 2023, she was an Independent Director at Interpump Group, where she was also Chair of the Audit and Risk and Sustainability Committee and the Related Party Transactions Committee. From 2021 to 2024 (May) she has been Independent Director in Saipem, where she was also Chair of the Control and Risk Committee, a member of the Related Parties Committee and a member of the Remuneration and Appointments Committee. She currently holds the position of Independent Director in Intesa SanPaolo, where she is also Deputy Chair of the Board of Directors’, Chair of the Risk and Sustainability Committee and a member of the Related Parties Committee and Governance Committee. She also acts as a member or Chair of Supervisory Bodies pursuant to Legislative Decree No. 231/2001 and, since June 2024, she is Chair of the Control Body of FAI (Fondo Ambiente Italiano). She has authored publications and spoken at conferences on risk, compliance and internal controls.

Since 28 April 2017, she has been an Independent Member of Board of Directors’ of Rai Way S.p.A. and Chair of the Control and Risk and Sustainability Committee, which also acts as the Committee for Related Party transactions.