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	1.7yrs
CEO ownership	n/a
Management average tenure	1.8yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO

Alessandro Puliti (60 yo)

1.7yrs

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	1.7yrs	no data	no data
Paolo Calcagnini	CFO, Chief Project Control & Financial Advisory Officer	1.9yrs	no data	no data
Massimiliano Cominelli	Head of Investor Relations	no data	no data	no data
Simone Chini	Director of General Counsel	1.9yrs	no data	no data
Ottavia Stella	Chief Integrated Risk Management and Compliance Officer	1.4yrs	no data	no data
Rossella Carrara	Director of External Communication & Public Affairs	no data	no data	no data
Marco Toninelli	Chief Operating Officer of Offshore Drilling & Onshore Drilling Divisions	no data	no data	no data
Mauro Piasere	Chief Operating Officer of Robotics and Industrialized Solutions	no data	no data	no data
Massimiliano Branchi	Chief People of HSEQ	1.2yrs	no data	no data
Fabrizio Botta	Chief Commercial Officer	2.3yrs	no data	no data
Gianalberto Secchi	Chief Operating Officer of Offshore Wind	no data	no data	no data

1.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 0RPI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Alessandro Puliti	CEO, GM	1.7yrs	no data	no data
Giovanni Fiori	Chairman of Statutory Auditors	no data	no data	no data
Paul Schapira	Non-Executive & Independent Director	5.9yrs	€125.00k	no data
Silvia Merlo	Independent Chairman of the Board	3yrs	€305.00k	no data
Marco Reggiani	Non-Executive Director	3yrs	€56.00k	no data
Paola Tagliavini	Independent Director	3yrs	€97.00k	no data
Patrizia Giangualano	Independent Director	3yrs	€69.00k	no data
Alessandra Ferone	Non Independent Director	4.2yrs	€88.00k	no data
Roberto Diacetti	Independent Director	3yrs	€73.00k	no data
Ottavio Marco	Statutory Auditor	no data	no data	no data
Davide Manunta	Non-Executive & Non-Independent	1.5yrs	no data	no data
Antonella Fratalocchi	Statutory Auditor	no data	no data	no data

3.0yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 0RPI's board of directors are considered experienced (3 years average tenure).

Saipem Management

Management criteria checks 1/4

Key information

Recent management updates

Saipem SpA, Annual General Meeting, May 03, 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

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

Saipem SpA Appoints Paolo Calcagnini as Chief Financial Officer

Recent updates

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

Investor sentiment improves as stock rises 35%

Full year 2023 earnings released

Now 21% undervalued after recent price drop

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).

New minor risk - Financial position

New minor risk - Financial position

Second quarter 2023 earnings released

Forecast breakeven date pushed back to 2024

Now 22% undervalued

Forecast to breakeven in 2023

Now 20% undervalued

Saipem SpA, Annual General Meeting, May 03, 2023

Saipem SpA to Report Fiscal Year 2022 Final Results on Mar 14, 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)

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

Now 79% undervalued after recent price drop

First quarter 2022 earnings released

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).

Now 73% undervalued after recent price drop

Saipem SpA Appoints Paolo Calcagnini as Chief Financial Officer

First quarter 2022 earnings released

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 23% undervalued

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)

Revenue beats expectations

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: €2.19

New 90-day high: €1.94

Third quarter earnings released

Third-quarter earnings released: Revenue misses expectations

New 90-day low: €1.54

New 90-day low - €1.76

First half earnings released

New 90-day low - €1.96

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age