Italy’s new Prime Minister, Mario Monti, has named the members of his new cabinet, which will start to work on economic reforms next week, once the Italian Parliament has passed its final vote of confidence on Monti.
All the new cabinet members are high profile individuals from academia, industry and the public sector, none are politicians or affiliated with any political party.
Antonio Catricalà, current Chairman of the Italian Competition Authority, was named under-secretary to the Prime Minister's office and Secretary of the Council of Ministers. There are a number of potential candidates to take Catricalà’s role at the Italian Competition Authority, including Lorenzo Bini Smaghi (former member of the ECB’s Executive Board) Luigi Fiorentino (current Secretary General of the Italian Competition Authority) and Pasquale de Lise (current President of the Council of State, the higher court for administrative cases in Italy).
In addition to Catricalà, with whom McDermott Italian lawyers have worked on many antitrust cases before the Italian Competition Authority, we have also crossed paths with other members of Monti's new cabinet including Corrado Passera, the current CEO of Intesa-San Paolo, who has been appointed as head of the newly-formed Ministry of Economic Development, Infrastructure and Transport; Elsa Fornero, also a board member of Intesa-San Paolo, who has been named head of the Ministry of Welfare and Francesco Profumo, the current President of the Politecnico University in Turin, who has been named head of the Ministry of Education.