From 1996 to 2002, he was chairman of the board of
Enel, the most important Italian electrical company. During this period, Enel was
privatised (Europe’s largest-ever IPO of 15 billion Euro) and in 1997 there was the start-up of
Wind, the third TLC Italian Company in which Testa was elected member of the Board of Directors. From 2002 to 2004, he was a member of the board of directors of the
Riello group, an Italian leading company in heating systems and appliances. From 2002 to 2005, he was member of the advisory board of Carlyle Europe, affiliate of
The Carlyle Group (Private Equity), chairman of the board of directors of STA Spa (The Mobility Agency of the City of Rome) and Chairman of the Kyoto Club (non-profit organization whose purpose is the achievement of the objectives set by the
Kyoto Protocol). At present, Testa is
managing director of
Rothschild Spa. Also, he is a member of the board of directors of
Allianz Spa,
chairman of the board of
Telit Communications Plc and chairman of the board of E.V.A. – Energie Valsabbia – a company developing hydropower generation plants. He has also been chairman of the organising committee of the 20th World Energy Congress, promoted by
World Energy Council and held in Rome in November 2007. == Journalistic and academic activities ==