Enel Chile CEO Turchiarelli Resigns; Palumbo Takes Helm July 2025

• Enel Chile announced that CEO Giuseppe Turchiarelli will leave on 1 July 2025 to assume a new position at parent company Enel Group; veteran executive Gianluca Palumbo has been tapped as his successor.

Enel Chile’s board of directors has accepted the resignation of chief executive Giuseppe Turchiarelli, clearing the way for a leadership hand-off that will take effect on 1 July 2025. Turchiarelli, who guided the utility through a period of accelerated decarbonisation and balance-sheet repair, is slated to assume a strategic post within Italy-based parent Enel Group.

The outgoing CEO took the reins in March 2024 after four years as chief financial officer. During his 16-month tenure he streamlined legacy thermal assets, pushed forward a 1.9-GW renewable build-out and steered the company’s return to an investment-grade credit profile. Enel Chile said his internal transfer “ensures continuity at group level while recognising the executive’s strong performance in the region.”

Enter Gianluca Palumbo

To fill the vacancy, the board has named Gianluca Palumbo—currently Enel Group’s global head of construction, operations and maintenance at Enel Grids—as the next chief executive and general manager. An electrical engineer who joined the conglomerate in 1996, Palumbo has overseen distribution-network investments across Europe and Latin America and is credited with rolling out advanced-metering infrastructure in Italy.

Industry analysts view his operational background as a signal that Enel Chile will double down on grid modernisation and digitalisation, two pillars of the company’s latest three-year plan. “Palumbo’s deep experience in network resilience gives him the right toolkit for Chile’s push toward an all-electric economy,” notes energy consultant Paula Soto.

Investor context

The change comes as Enel Chile—Chile’s largest listed power utility—works to expand its renewables share to 93 % of installed capacity by 2027 while managing volatile spot-market prices and drought-related hydrology risk. Shares of the company (NYSE: ENIC) were little changed in Santiago trading after the announcement, suggesting investors see the transition as orderly and well telegraphed.

What’s next

Palumbo will present an updated capital-expenditure schedule during the company’s second-quarter earnings call in August. Turchiarelli, meanwhile, will relocate to Rome to join Enel Group’s corporate strategy team, where he is expected to focus on Latin American portfolio optimisation.

With the succession plan set, Enel Chile enters the second half of 2025 with a fresh leadership mandate aimed at accelerating grid upgrades and keeping its decarbonisation targets on track.