Corporate Governance

Enet is a private company. Our key objectives are to create value, to respect our business partners and act responsibly and in compliance with all relevant legislation.

Corporate Governance

The company is owned by the managers. The long-term objectives of the shareholders are aligned with the company’s operational and performance objectives. The philosophy is to have a lean, flexible structure with shared objectives.

The structure is managed by a board of directors approved by the shareholders. Each functional team responds to a manager with a high specific competence.

The company has its own code of ethics, which reflects the objectives and values each employee is required to uphold.

Matija Barudzija

Partner, Co-Founder, CEO

Board of Directors, Member

Has more than 10 years of natural gas trading experience. In 2007, he joined ENOI S.p.A. in Milan and became the head of international sales and origination. In 2012 he co-founded ENET Energy SA in Lugano. The company was also the founding partner of Dufenergy Trading, a joint venture between Enet and Duferco. Mr. Barudžija has other business interests in the soft commodity processing and trading sector. Mr. Barudžija was trained at Merrill Lynch and holds a MSc in Finance from Bocconi University in Milan.

Michele Belcredi

Partner, Co-Founder, Trading and Logistics

Board of Directors, Member

Has 14 years of experience in the natural gas logistics, asset optimization and trading. He joined ENOI S.p.A. Milan in 2003 and became head of logistics. In 2010, he moved to Hong Kong to head the LNG unit. In 2012, he co-founded ENET Energy SA in Lugano as head of trading & logistics. He was crucial to the DufEnergy Trading SA development as the head of logistics department for natural gas and electricity, where he also served as a Member of the Board. Mr. Belcredi holds a Degree in Electronic Engineering from the University of Pavia, Italy.

Marco Passalia

Partner, Institutional Relations

Holds an MSc in Economics from University of Zurich and Lugano (USI)/Milan (Cattolica). He is Member of the Ticino regional Parliament since 2011, Co-founder and Secretary General of Lugano Commodity Trading Association (LCTA) and for 10 years was active as Deputy Director of the Ticino Chamber of commerce. He is Board Member of several companies such as OFIMA (Swiss hydropower company), Coop. Case al Ponte (Swiss real estate company) and others.

Markus Wüstiner

Board of Directors, Member

Has more than 40 years of experience in banking (Swiss Bank Corporation, UBS, Credit Suisse, ZKB) in Basel, Geneva, London, New York and Zurich of which approx. 30 in the field of commodity and trade finance. Amongst different activities during his banking career mostly as relationship manager he was the head of the commodity finance department of Credit Suisse, Zurich and also established the commodity finance department at ZKB, Zurich. He is also Co-Founder of the Lugano Commodity Trading Association (LCTA).

Matteo Zannier

Partner, Finance and Risk Management

Board of Directors, Member

Joined ENET Energy SA in October 2014. From 2004 to 2013, he was at the centre of competence for hedge fund investing of the Generali Group as head of multi arbitrage and head of event driven strategies, responsible for due diligence, selection and investing with the most talented alternative managers globally. He started his career in 1998, as an analyst and portfolio manager, collaborating with different private and professional investment companies, including family offices, asset managers and private banks where he also served as a member of the board of directors. Mr. Zannier holds a BA Hon., from Università Cattolica del Sacro Cuore, Milan.

Code of Conduct

ENET operates in various economic, cultural and social contexts, consequently, as a member of the Lugano Commodity Trading Association (LCTA), it complies with the Code of Conduct of the national reference association Swiss Trading and Shipping Association (STSA) – Go to STSA website

With the following code of conduct, ENET intends to reinforce confidence in the company and validate the positive reputation it has gained.

Matija Barudzija

(Partner, Co-Founder, CEO)

Marco Passalia

(Partner, Istitutional Relations)

Holds an MSc in Economics from University of Zurich and Lugano/Milan. He is Co-founder and Secretary General of Lugano Commodity trading Association (LCTA) and has more than 10 years’ experience in international trade. He was Deputy Director of the Ticino Chamber of commerce for 10 years and is currently a member of the Board of the Fashion Company LaMartina (Fond. LaMartina based in Switzerland) and President of the Board of Coop. Case al Ponte (Swiss real estate company).

Michele Belcredi

(Partner, Co-Founder, Trading and Logistics)

Pasquale Corvaglia

(Partner, Sales and Origination)

Mr. Corvaglia joined Enet in April 2016. He has 12+ years of management experience in sales, business development, public and regulatory affairs. After gratuading in Economics at Bocconi University, Mr. Corvaglia started his career as a project manager for renewable energy in Renova Group. From 2009 to 2014, he moved to the European conventional energy subsidiary of Renova where he was appointed senior vice president for business development, marketing and public affairs. In 2015, before joing Enet, he worked as independent consultant for some leading Italian utilities.