Franco Magnani has stepped down as chief executive of Eni Trading and Shipping (ETS) to take another senior position within the Italian energy conglomerate.

On the sidelines of an IP Week event, Magnani confirmed to reporters he has assumed the role of executive vice-president B2B sale at Eni after leaving the London-based subsidiary in December.

Based in Milan, Magnani now oversees Eni’s piped gas supply to European business customers.