Eni's AGM 2026 & BlackRock

With the upcoming Annual General Meeting of Eni, and the expected appointment of a new Chair of the Board by Giorgia Meloni - representing the controlling shareholder, the Italian Government - the role of institutional investors in ensuring strong governance and accountability remains central.

As the world’s largest asset manager, BlackRock has consistently emphasized the importance of transparency, corporate governance, and alignment between business practices and stated values as key drivers of long-term performance.

In this context, I respectfully bring to your attention - including your leadership under Larry Fink - a matter that has remained unresolved for nearly 25 years.

As a former executive of Eni’s Brazilian subsidiary, I reported a multimillion-dollar scheme involving internal fraud and corruption. I was subsequently dismissed by the very executives involved. Despite repeated engagement with multiple Boards and CEOs over the years, no independent due diligence has ever been conducted on the facts and supporting evidence.

I have also pursued institutional remedies, including the OECD - OCDE National Contact Point (Brazil) and Autorità Garante per la protezione dei dati personali. While the complaint was formally accepted, it did not result in a substantive investigation.

Additionally, I have been the subject of legal actions brought by Eni, raising concerns consistent with internationally recognized patterns of intimidatory litigation (SLAPP).

After nearly 25 years, the absence of an independent and impartial assessment of this case raises questions that extend beyond the individual dimension, touching on governance, accountability, and oversight.

Given BlackRock’s role as a significant global investor, I respectfully invite BlackRock to review the available documentation, including a detailed memorial and a comprehensive chronology of events.

Following such review, I further invite you to consider whether this matter should be raised within the context of the 2026 Annual General Meeting, ensuring that it receives appropriate visibility and governance-level consideration.

Addressing this matter is not only about revisiting the past.

It is about strengthening trust, accountability, and long-term integrity.


🔗 CTA

✅ Learn more about the Flinto Case:

1️⃣ Memorial (1999–2025);

2️⃣ Chronology of facts supported by documentary evidence.