Business Case Studies, Succession Planning Case Study, Ente Nazionale Idrocarburi (ENI), Succession Battle at the Italian Oil Giant

print page
Tell A Friend
Bookmark
 

Case Categories

Succession Planning Case Study

IBS CDC IBS CDC IBS CDC IBS CDC RSS Feed
Case Title:

Ente Nazionale Idrocarburi (ENI): Succession Battle at the Italian Oil Giant

Publication Year : 2005

Authors: Sujatha, T. Phani Madhav

Industry: Oil and Natural Gas

Region:Italy

Case Code: SUP0004

Teaching Note: Not Available

Structured Assignment: Not Available

Buy This Case StudyOR





Abstract:
Ente Nazionale Idrocarburi (ENI) an Italian state-owned company dealing primarily in oil and natural gas under Enrico Mattei, the founder of ENI, diversified into businesses such as electricity, engineering, construction and petrochemicals. After his sudden death in 1962, the company was mired in financial and operational struggles and in 1992, Franco Bernabe, a strong supporter of privatisation was appointed as Chief Executive Officer. Under his leadership ENI not only became a joint stock company but also showed profits. Vittorio Mincato succeeded Bernabe in 1998 and he turned ENI into the world's sixth biggest oil producer, in terms of market capitalisation. With his term coming to an end in May 2005, speculations about the succession plans is doing rounds in the industry circles. Owing to the government's 30% stake in ENI, Silvio Berlusconi, Italy's Prime Minister was also in search for a replacement to Vittorio. Moreover, though Vittorio announced that he was expecting a term extension, many within the industry circles voted against him.

Pedagogical Objectives:

  • To highlight the impact of political influence on the management as well as the company's operations that led to financial problems at ENI
  • To discuss how privatisation efforts and freeing the company from political influence helped the company to emerge as one of the leading oil producers in the world
  • To discuss the possible impact of succession plan on the future of ENI.

Keywords : Succession plans; Privatisation; Managing in Troubled Times Case Study; Government intervention; Vittorio Mincato; Political influence

Contents:

  • ENI: The Early years
  • Turnaround by Franco Bernabe
  • Vittorio Mincato
  • Succession Battle! Who After Vittorio?

Recently Bought Case Studies

    Recently Bought Case Studies
advertisement

    Executive Interviews

  • David ConklinDavid Conklin

    David Conklin, is a professor at the Richard Ivey School of Business
    Speaks on Government and Business
  • Lord Meghnad DesaiLord Meghnad Desai

    Lord Meghnad Desai, is an Indian-born British economist and Labor politician
    Speaks on Government and Business
  • Vijay GovindarajanVijay Govindarajan

    Vijay Govindarajan, is widely regarded as one of the world’s leading experts on strategy and innovation
    Speaks on Reverse Innovation
  • View All Executive Interviews»



Contact us: IBS Case Development Centre (IBSCDC), IFHE Campus, Donthanapally, Sankarapally Road, Hyderabad-501 504, Andhra Pradesh, INDIA.
Mob: +91- 9640901313, Phone: +91 - 08417 - 236672, Fax : + 91 - 08417 - 236674
E-mail: casehelpdesk@ibsindia.org

©2003-2013 IBS Case Development Centre. All rights reserved. | Careers | Privacy Policy | Terms of Use | Disclosure | Site Map xml sitemap