Italiana Petroli has named new senior executives following the completion of its acquisition by Azerbaijan’s State Oil Company of Azerbaijan (SOCAR) last month. The appointments mark the first major leadership changes since the Italian refiner was formally integrated into the SOCAR Group.
The company announced that former chief financial officer Leonardo Caputo has taken on the role of head of general operations, overseeing refining, supply and logistics. In a statement posted on LinkedIn, Italiana Petroli said Caputo will be responsible for ensuring the smooth operational management of the company’s core activities.
In mid‑May, the refiner also appointed Levan Davitashvili, former economy minister of Georgia, as its new chief executive officer. Davitashvili has already begun leading Italiana Petroli’s operations in Italy, with a mandate to maintain operational continuity, strengthen the company’s position in the national energy market, and guide its integration into SOCAR’s wider corporate structure.
The Brachetti‑Peretti family, founders of Italiana Petroli, agreed last September to sell the company in a deal reportedly valued at around 3 billion euros.
