Enel Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Flavio Cattaneo

Chief executive officer

€3.1m

Total compensation

CEO salary percentage	31.7%
CEO tenure	1.5yrs
CEO ownership	n/a
Management average tenure	4.1yrs
Board average tenure	1.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Flavio Cattaneo's remuneration changed compared to Enel's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€5b
Jun 30 2024	n/a	n/a	€5b
Mar 31 2024	n/a	n/a	€5b
Dec 31 2023	€3m	€973k	€4b

Compensation vs Market: Flavio's total compensation ($USD3.23M) is about average for companies of similar size in the Austrian market ($USD4.29M).

Compensation vs Earnings: Insufficient data to compare Flavio's compensation with company performance.

CEO

Flavio Cattaneo (61 yo)

1.5yrs

Tenure

€3,069,557

Compensation

Mr. Flavio Cattaneo serves as Vice Chairman of the Board at Endesa, S. A. since June 20, 2023. He is Chief Executive Officer and Director of Enel SpA from May 10, 2023 and served as its General Manager sin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Flavio Cattaneo	CEO & Director	1.5yrs	€3.07m	no data
Stefano De Angelis	Chief Financial Officer	1.4yrs	no data	no data
Monica Girardi	Head of Group Investor Relations	no data	no data	no data
Francesco Puntillo	Head of Legal	1.4yrs	no data	no data
Roberto Antonio Deambrogio	Head of Communications of the Group	6.1yrs	no data	no data
Elisabetta Colacchia	Head of People & Organization	less than a year	no data	no data
Claudio Machetti	Head of Global Energy & Commodity Management	19.4yrs	no data	no data
Simone Mori	Head of Europe	10.3yrs	no data	no data
Francesca Di Carlo	Head of Global Procurement	4.1yrs	no data	no data
Alberto de Paoli	Head of North America & Head of Latin America	1.4yrs	no data	no data
Ernesto Ciorra	Head of Innovation & Sustainability	10.2yrs	no data	no data
Silvia Fiori	Head of Audit Function	10.3yrs	no data	no data

4.1yrs

Average Tenure

59.5yo

Average Age

Experienced Management: ENEL's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Flavio Cattaneo	CEO & Director	1.5yrs	€3.07m	no data
Paolo Scaroni	Independent Chairman	1.5yrs	€337.39k	no data
Dario Frigerio	Independent Director	1.5yrs	€94.32k	no data
Johanna Arbib	Independent Director	1.5yrs	€83.75k	no data
Barbara Tadolini	Chairman of the Board of Statutory Auditors	5.5yrs	no data	no data
Olga Cuccurullo	Director	1.5yrs	€88.75k	no data
Alessandra Stabilini	Independent Director	1.5yrs	€89.32k	no data
Maura Campra	Statutory Auditor	no data	no data	no data
Luigi Borre	Statutory Auditor	no data	no data	no data
Mario Corsi	Independent Director	1.5yrs	€86.75k	no data
Fiammetta Salmoni	Independent Director	1.5yrs	€91.32k	no data
Alessandro Zehentner	Independent Director	1.5yrs	€86.75k	no data

1.5yrs

Average Tenure

61.5yo

Average Age

Experienced Board: ENEL's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

Enel Management

Management criteria checks 2/4

Key information

Recent management updates

Enel S.p.A. Appoints Internal Committees

Enel S.p.A. Announces Resignation of Annachiara Svelto to Board of Directors

High number of new directors

High number of new and inexperienced directors

Recent updates

Dividend of €0.21 announced

Third quarter 2024 earnings released: EPS: €0.16 (vs €0.15 in 3Q 2023)

Second quarter 2024 earnings released: EPS: €0.21 (vs €0.14 in 2Q 2023)

Upcoming dividend of €0.21 per share

JSW, Torrent, Masdar Among Suitors for Enel's India Assets

First quarter 2024 earnings released: EPS: €0.19 (vs €0.099 in 1Q 2023)

Full year 2023 earnings released: EPS: €0.36 (vs €0.34 in FY 2022)

Now 21% undervalued after recent price drop

Final dividend of €0.21 announced

Full year 2023 earnings released: EPS: €0.35 (vs €0.35 in FY 2022)

Now 20% undervalued

Enel SpA to Report Fiscal Year 2023 Results on Mar 21, 2024

Upcoming dividend of €0.21 per share at 6.3% yield

Third quarter 2023 earnings released: EPS: €0.15 (vs €0.01 in 3Q 2022)

Public Power Corporation S.A. (ATSE:PPC) completed the acquisition of Enel assets in Romania from Enel SpA (BIT:ENEL) for approximately €1.2 billion.

Public Power Corporation S.A. (ATSE:PPC) completed the acquisition of Enel assets in Romania from Enel SpA (BIT:ENEL) for approximately €1.2 billion.

Second quarter 2023 earnings released: EPS: €0.14 (vs €0.022 in 2Q 2022)

Upcoming dividend of €0.20 per share at 6.4% yield

Sonnedix Chile Arcadia Generación S.p.A. and Sonnedix Chile Arcadia SPA signed a stock purchase agreement to acquire Arcadia Generación Solar S.p.A. from Enel S.p.A.and Enel Chile S.A. for an enterprise value of $550 million.

Enel Dismisses Rumours over Sale of Endesa

Enel S.p.A. Appoints Internal Committees

First quarter 2023 earnings released: EPS: €0.099 (vs €0.15 in 1Q 2022)

Enel S.p.A. Announces Resignation of Annachiara Svelto to Board of Directors

Full year 2022 earnings released: EPS: €0.35 (vs €0.30 in FY 2021)

Enel Enters into Exclusive Talks to Sell Stake in 3Sun Solar Plant

EDP Brasil to Look At Possibility of Buying Enel-Owned Power Distributor in Ceara

Enel SpA to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of €0.20 per share

Public Power Corporation, Brookfield Asset Management and Amber Infrastructure Reportedly Eye Enel Romanian Assets

Third quarter 2022 earnings released: EPS: €0.01 (vs €0.067 in 3Q 2021)

High number of new directors

Third quarter 2022 earnings released: EPS: €0.01 (vs €0.075 in 3Q 2021)

Enel Reportedly to Sell Stake in Its Grid Services Unit to CVC

PJSC LUKOIL (MISX:LKOH) completed the acquisition of a 26.9% stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL).

PJSC LUKOIL (MISX:LKOH) completed the acquisition of a 26.9% stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL).

PJSC LUKOIL (MISX:LKOH) cancelled the agreement to acquire 56.43% stake in PJSC Enel Russia from Enel SpA (BIT:ENEL).

Second quarter 2022 earnings released: EPS: €0.024 (vs €0.057 in 2Q 2021)

Upcoming dividend of €0.19 per share

PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire 56.43 percent stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) for approximately €140 million.

PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire unknown minority stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL).

First quarter 2022 earnings released: EPS: €0.14 (vs €0.12 in 1Q 2021)

High number of new and inexperienced directors

Enel Reportedly in Talks to Sell Brazilian Distributor Celg-D

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment deteriorated over the past week

Upcoming dividend of €0.19 per share

Head of Country Italy Carlo Tamburi has left the company

Third quarter 2021 earnings released: EPS €0.075 (vs €0.099 in 3Q 2020)

Enel Reportedly in Late-Stage Talks to Buy ERG Assets

Second quarter 2021 earnings released: EPS €0.054 (vs €0.07 in 2Q 2020)

Upcoming dividend of €0.18 per share

First quarter 2021 earnings released: EPS €0.12 (vs €0.12 in 1Q 2020)

Full year 2020 earnings released: EPS €0.26 (vs €0.21 in FY 2019)

Enel SpA Proposes Dividend for the Year 2020 and Expects Fixed Dividend for the Years 2021-2023

Full year 2020 earnings released: EPS €0.26 (vs €0.21 in FY 2019)

Enel's First Large-Scale Wind + Storage Hybrid Project

New 90-day low: €7.83

Enel Reportedly Mulls Bid for Western Power Distribution

Schneider Electric, the Enel Group and the World Economic Forum Publish 'Net Zero Carbon Cities: An Integrated Approach' Report

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age