Carlo Borghini | Executive Director
Shift2Rail Joint Undertaking

Carlo Borghini, Executive Director, Shift2Rail Joint Undertaking

Mr Carlo Borghini was appointed Executive Director of the Shift2Rail Joint Undertaking on 16 February 2016 and is responsible for the overall management of the S2R JU activities.
Prior to this posting, Mr Borghini was EDA Corporate Services Director, where he was responsible for the management of financial and human resources, as well as programme management and administrative issues.
Previously, Mr Borghini held the position of Deputy Executive Director for the SESAR Joint Undertaking (SJU) in Brussels from 2008 to 2014. In this capacity, he had specific responsibilities for corporate governance, administration and finance while contributing the overall management of the programme. More specifically, he managed a budget amounting to over €2 billion, with a portfolio of more than 300 different projects undertaken by the 16 SJU Members.

Prior to that, Mr Borghini was Director and Chief Financial Officer (CFO) for the International Fund for Agricultural Development (IFAD), a specialised Agency of the United Nations based in Roma, Italy. In this position he managed an annual budget of about $200 million, with an overall portfolio of around $9 billion of on-going loans.
From 2001 to 2006, Carlo Borghini worked at the European Commission’s, until 2005 as Internal Audit Supervisor within DG AGRI and after as Head of Internal Audit Unit in DG BUDG.
Before he joined the EU institutions, Mr Borghini held several finance-related positions in the private sector. From 1999 to 2001, he worked as Director, CFO and Country Controller for American Express Bank in Luxembourg. From 1997 to 1999, he was Director Financial Controller for Sopaf Group in Milano, Italy.
Born in Italy on 1 September 1964, Mr Borghini holds a Master Degree equivalent in Business Economics. He is a native speaker of Italian and also possesses an excellent proficiency in French. He is married with three children.

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