A shareholders' meeting of Italy-based SACE SpA appointed Rodolfo Errore chairman for a three-year period, while the board of directors named Pierfrancesco Latini CEO.

The board, chaired by Errore, appointed Latini CEO on Dec. 4 following the shareholders' meeting Dec. 2.

Latini was previously group chief risk officer of SACE's parent company, Cassa depositi e prestiti SpA. Errore has been a member of the SACE board of directors since 2017.

SACE is an Italian state-backed export finance and credit insurance provider.