Saipem Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Alessandro Puliti

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	2.3yrs
CEO ownership	n/a
Management average tenure	2.4yrs
Board average tenure	less than a year

Recent management updates

Recent updates

CEO

Alessandro Puliti (61 yo)

2.3yrs

Tenure

Mr. Alessandro Puliti serves as Chief Executive Officer and Director of Saipem SpA. since August 31, 2022 and serves as its Chief Operating Officer. Mr. Puliti served as a Director of Var Energi AS (former...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Davide Ruvolo	Corporate Head of M&A and Strategy	no data	€571.54k	no data
Alessandro Puliti	CEO, GM	2.3yrs	no data	no data
Paolo Calcagnini	CFO, Chief Project Control & Financial Advisory Officer	2.5yrs	no data	no data
Filippo Abba	Chief Technology & Innovation Officer and COO Sustainable Infrastructures	no data	no data	no data
Massimiliano Cominelli	Head of Investor Relations	no data	no data	no data
Simone Chini	Director of General Counsel	2.5yrs	no data	no data
Ottavia Stella	Chief Integrated Risk Management & Compliance Officer	2yrs	no data	no data
Rossella Carrara	Director of External Communication & Public Affairs	no data	no data	no data
Marco Toninelli	Chief Operating Officer of Drilling	no data	no data	no data
Mauro Piasere	Chief Operating Officer of Robotics & Industrialized Solutions	no data	no data	no data
Massimiliano Branchi	Chief People of HSEQ	1.8yrs	no data	no data
Fabrizio Botta	Chief Operating Officer of Energy Carriers	2.9yrs	no data	no data

2.4yrs

Average Tenure

58yo

Average Age

Experienced Management: SPM3's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alessandro Puliti	CEO, GM	2.3yrs	no data	no data
Giovanni Fiori	Chairman of Statutory Auditors	no data	no data	no data
Paul Schapira	Non-Executive & Independent Director	6.5yrs	€125.00k	no data
Patrizia Giangualano	Independent Director	3.6yrs	€69.00k	no data
Francesca Mariotti	Independent Director	less than a year	no data	no data
Roberto Diacetti	Independent Director	3.6yrs	€73.00k	no data
Ottavio Marco	Statutory Auditor	no data	no data	no data
Paolo Sias	Non-Independent Director	less than a year	no data	no data
Antonella Fratalocchi	Statutory Auditor	no data	no data	no data
Elisabetta Serafin	Independent Chairman	less than a year	no data	no data
Francesca Scaglia	Non-Independent Director	less than a year	no data	no data
Mariano Mossa	Independent Director	less than a year	no data	no data

0.5yrs

Average Tenure

61yo

Average Age

Experienced Board: SPM3's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.

Saipem Management

Management criteria checks 1/4

Key information

Recent management updates

High number of new directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Saipem SpA, Annual General Meeting, May 03, 2023

Recent updates

Third quarter 2024 earnings released

New minor risk - Shareholder dilution

New major risk - Share price stability

New minor risk - Shareholder dilution

Second quarter 2024 earnings released

High number of new directors

Full year 2023 earnings released: EPS: €0.093 (vs €0.34 loss in FY 2022)

Investor sentiment improves as stock rises 17%

Full year 2023 earnings released

High number of new and inexperienced directors

Saipem SpA (BIT:SPM) commences an Equity Buyback Plan for 37,000,000 shares, representing 1.85% for €59.3 million, under the authorization approved on May 3, 2023.

Saipem SpA to Report Fiscal Year 2023 Results on Feb 28, 2024

BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).

BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).

High number of new and inexperienced directors

New minor risk - Financial position

New minor risk - Financial position

Second quarter 2023 earnings released

High number of new and inexperienced directors

High number of new and inexperienced directors

Full year 2022 earnings released

Now 22% undervalued

Saipem SpA, Annual General Meeting, May 03, 2023

Saipem SpA to Report Q3, 2023 Results on Oct 25, 2023

High number of new and inexperienced directors

Saipem S.p.A. Appoints Davide Manunta as Non-Executive and Non-Independent Director, Member of the Sustainability, Scenarios and Governance Committee

Third quarter 2022 earnings released: €1.64 loss per share (vs €16.46 loss in 3Q 2021)

Clough Reportedly for Sale

Saipem S.p.A. Announces Executive Changes

Saipem Spa Announces Resignation of Mr. Pier Francesco Ragni as Non-Executive and Non-Independent Member of the Board and Member of Sustainability, Scenarios and Governance Committee

Second quarter 2022 earnings released: €1.44 loss per share (vs €31.58 loss in 2Q 2021)

Now 61% undervalued after recent price drop

Saipem SpA has completed a Follow-on Equity Offering in the amount of €1.395245 billion.

First quarter 2022 earnings released

High number of new and inexperienced directors

Kca Deutag Limited agreed to acquire Onshore drilling business of Saipem from Saipem SpA for $550 million.

KCA Deutag Drilling Limited signed a binding agreement to acquire Drilling Onshore Business from Saipem SpA (BIT:SPM).

Saipem SpA Appoints Paolo Calcagnini as Chief Financial Officer

High number of new and inexperienced directors

Full year 2021 earnings released: €1.93 loss per share (vs €1.15 loss in FY 2020)

Saipem SpA to Report Q2, 2022 Results on Jul 27, 2022

Now 29% undervalued after recent price drop

Third quarter 2021 earnings released: €0.34 loss per share (vs €0.13 loss in 3Q 2020)

Second quarter 2021 earnings released: €0.66 loss per share (vs €0.62 loss in 2Q 2020)

Saipem SpA (BIT:SPM) completed the acquisition of Floating Wind Business Of Naval Energies from Naval Energies SAS.

Saipem SpA (BIT:SPM) agreed to acquire Floating Wind Business Of Naval Energies from Naval Energies.

First quarter 2021 earnings released: €0.12 loss per share (vs €0.27 loss in 1Q 2020)

Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)

Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)

Elkem to Study Carbon Capture Opportunities with Aker Carbon Capture and Saipem

Saipem SpA to Report Fiscal Year 2020 Results on Feb 25, 2021

New 90-day high: €2.46

Saipem SpA Awards Front-End Engineering Design Contract for the Development of the Downstream

New 90-day high: €2.21

New 90-day high: €2.18

New 90-day high: €1.91

Third quarter earnings released

Third-quarter earnings released: Revenue misses expectations

New 90-day low - €1.62

New 90-day low - €1.78

First half earnings released

New 90-day low - €1.81

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure