AEER was established with governance principles inspired from the Parent Company, compliant with the same values and principles, including the Ethical Code. The adoption of these principles, also compliant with the best international standards, constitutes a virtuous pillar of the project, to make solid and credible the management process.

Specifically, AEER was established with governance principles in line with the best international experiences and inspired by the best asset management criteria.

An autonomous management represent the company’s main credential, with respect to ownership strategic functions, as well as the full transparency and retreadability of the decision-making processes, the professionalism and collegiality of the analyzes and decisions and the presence of articulated controls.

The professionalism and integrity requirements adopted are consistent with those required by the supervisory authorities for assignments in financial and credit institutions.


The company is led by a Board of Directors made up of three directors, including the President.

The Board of Directors determines the general management objectives and strategies of the company, the investment policies and the sectoral priorities and approves the investment and divestment operations.


Valerio FiorentinoCEO
Paolo MartoneVice President
Francesco TomaiuoloBoard member


AEER and its team aim to identify and implement improvement solutions to optimise its portfolio and the energy sector in general.


Roberto CrescitelliManager
Mariano OcchioneroSenior Specialist (Asset MGMT)
Edoardo SimonelliSpecialist (Asset MGMT)

Board of statutory auditors

The Board of Statutory Auditors is composed of a Sole Auditor and supervises compliance with the law and the Articles of Association, compliance with the principles of correct and prudent management and with the adequacy of the organizational, administrative and accounting structure adopted by the company and its concrete operation.


Pier Giorgio CempellaActing Auditor

Supervisory Body

The Supervisory Body is an organ with autonomy and independence that monitors the correct application of the Organization, Management and Control Model provided by Legislative Decree 231/2001, which regulates the company’s liability for crimes committed in its interest by top management or employees and supervises its application.
You can download the version of  MOG 231 here

Auditing Firm

The statutory auditing activities are entrusted to KPMG.
Arpinge Energy Efficiency & Renewables Srl
Via Crescenzio 16, 00193 Roma
Pec: - Phone. +39 0697605434; fax. +39 06 92943374 - CF/P.IVA: 13522231003
Share capital: Euro 10,000.00, Company with single shareholder, subject to the control and coordination of Arpinge S.p.A.
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