Leonardo Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Roberto Cingolani

Chief executive officer

€1.4m

Total compensation

CEO salary percentage	37.4%
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	4.7yrs
Board average tenure	1.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Roberto Cingolani's remuneration changed compared to Leonardo's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€1m	€508k	€658m

Compensation vs Market: Roberto's total compensation ($USD1.45M) is below average for companies of similar size in the UK market ($USD5.62M).

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

CEO

Roberto Cingolani (62 yo)

less than a year

Tenure

€1,359,464

Compensation

Mr. Roberto Cingolani was an Independent Director of Industrie De Nora S. p.A. He serves as General Manager, Chief Executive Officer and Director of Leonardo S. p.a. since May 9, 2023 and served as Chief T...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Roberto Cingolani	GM, CEO & Director	less than a year	€1.36m	no data
Lorenzo Mariani	Chief Commercial Officer	no data	€1.54m	no data
Lucio Cioffi	General Manager	6.3yrs	€1.19m	no data
Alessandra Genco	Chief Financial Officer	6.5yrs	no data	no data
Franco Ongaro	Chief Technology & Innovation Officer	2.2yrs	no data	no data
Valeria Ricciotti	Head of Investor Relations & Credit Rating Agencies	no data	no data	no data
Andrea Parrella	Group General Counsel of Legal	9.8yrs	no data	no data
Stefano Amoroso	Communication Director	3.2yrs	no data	no data
Giuseppe Maresca	Senior Vice President of Marketing & Commercial Affairs	no data	no data	no data
Antonio Liotti	Chief People & Organization Officer	2.4yrs	no data	no data
Giovanni Soccodato	Chief Strategic Equity Officer	no data	no data	no data
Gian Cutillo	Managing Director of the Helicopters Division	6.5yrs	no data	no data

4.7yrs

Average Tenure

62yo

Average Age

Experienced Management: 0ONG's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Roberto Cingolani	GM, CEO & Director	less than a year	€1.36m	no data
Marcello Sala	Independent Director	1.3yrs	€75.00k	no data
Elena Vasco	Independent Director	1.3yrs	no data	no data
Luca Rossi	Chairman of Statutory Auditors	4.9yrs	no data	no data
Steven Wood	Independent Director	1.3yrs	€73.00k	no data
Francesco Macri	Independent Director	1.3yrs	€77.00k	no data
Stefano Pontecorvo	Executive Chairman	less than a year	€252.00k	no data
Giancarlo Ghislanzoni	Lead Independent Director	1.3yrs	€73.00k	no data
Enrica Giorgetti	Independent Director	1.3yrs	€80.00k	no data
Trifone Altieri	Independent Director	1.3yrs	€77.00k	no data
Dominique Levy	Independent Director	1.3yrs	€79.00k	no data
Cristina Manara	Independent Director	1.3yrs	€80.00k	no data

1.3yrs

Average Tenure

56yo

Average Age

Experienced Board: 0ONG's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.

Leonardo Management

Management criteria checks 2/4

Key information

Recent management updates

Leonardo S.p.a., Annual General Meeting, May 17, 2024

Insufficient new directors

Leonardo S.p.a., Annual General Meeting, May 10, 2023

High number of new directors

High number of new directors

Leonardo S.p.a., Annual General Meeting, May 23, 2022

Recent updates

Leonardo S.p.a., Annual General Meeting, May 17, 2024

New minor risk - Earnings quality

Italy's Fincantieri in Talks to Buy Leonardo's was Unit

New minor risk - Financial position

Leonardo S.p.a. to Report Fiscal Year 2023 Results on Mar 11, 2024

Second quarter 2023 earnings released

Upcoming dividend of €0.14 per share at 1.3% yield

First quarter 2023 earnings released

Now 22% undervalued

Insufficient new directors

Leonardo S.p.a., Annual General Meeting, May 10, 2023

Leonardo S.p.a. to Report First Half, 2023 Results on Jul 28, 2023

High number of new directors

Second quarter 2022 earnings released: EPS: €0.33 (vs €0.31 in 2Q 2021)

Upcoming dividend of €0.14 per share

Rheinmetall Reportedly Bids for Leonardo's OTO Melara Cannon Maker

First quarter 2022 earnings released

High number of new directors

Leonardo S.p.a., Annual General Meeting, May 23, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Leonardo S.p.a., Annual General Meeting, May 31, 2022

Investor sentiment improved over the past week

Leonardo S.p.a. (BIT:LDO) completed the acquisition of 25.1% stake in Hensoldt AG (XTRA:5UH) from Square Lux Holding II S.à r.l.

Leonardo Sees KNDS Proposal as Interesting, No Decision on Units Sale

KNDS Reportedly to Make Binding Bid for Leonardo Units

Second quarter 2021 earnings released: EPS €0.31 (vs €0.20 in 2Q 2020)

Leonardo S.p.a. (BIT:LDO) signed an agreement to acquire 70% stakes in Alea Srl.

First quarter 2021 earnings released: €0.003 loss per share

Leonardo S.p.a. (BIT:LDO) entered into a definitive agreement to acquire 25.1% stake in Hensoldt AG (XTRA:5UH) from Square Lux Holding II S.à r.l. for approximately €610 million.

Revenue misses expectations

Full year 2020 earnings released: EPS €0.42 (vs €1.25 in FY 2019)

Leonardo S.p.a. to Report Fiscal Year 2020 Results on Mar 09, 2021

New 90-day high: €6.59

New 90-day high: €6.19

Market bids up stock over the past week

Revenue beats expectations

New 90-day low: €4.66

New 90-day low: €4.80

Thales Alenia Space Proposals for the Copernicus Project Selected by European Space Agency

New 90-day low - €5.46

Leonardo S.p.a. (BIT:LDO) completed the acquisition of Kopter Group AG from Lynwood (Schweiz) AG.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age