A2A Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Renato Mazzoncini

Chief executive officer

€977.9k

Total compensation

CEO salary percentage	51.1%
CEO tenure	4.7yrs
CEO ownership	n/a
Management average tenure	4.1yrs
Board average tenure	2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Renato Mazzoncini's remuneration changed compared to A2A's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€947m
Jun 30 2024	n/a	n/a	€868m
Mar 31 2024	n/a	n/a	€779m
Dec 31 2023	€978k	€500k	€656m
Sep 30 2023	n/a	n/a	€369m
Jun 30 2023	n/a	n/a	€352m
Mar 31 2023	n/a	n/a	€497m
Dec 31 2022	€1m	€500k	€360m
Sep 30 2022	n/a	n/a	€537m
Jun 30 2022	n/a	n/a	€453m
Mar 31 2022	n/a	n/a	€412m
Dec 31 2021	€996k	€500k	€508m

Compensation vs Market: Renato's total compensation ($USD1.00M) is below average for companies of similar size in the UK market ($USD3.29M).

Compensation vs Earnings: Renato's compensation has been consistent with company performance over the past year.

CEO

Renato Mazzoncini (56 yo)

4.7yrs

Tenure

€977,889

Compensation

Mr. Renato Mazzoncini serves as Chief Executive Officer at A2A S.p.A. since May 14, 2020 and its Executive Director since 2020 and is its Managing Director since May 2020 and was its General Manager since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Renato Mazzoncini	CEO, MD & Executive Director	4.7yrs	€977.89k	no data
Luca Moroni	Chief Financial Officer	2.3yrs	no data	no data
Renata Bonfiglio	Investor Relations Manager	no data	no data	no data
Lucia Monti	Head of Legal Affairs & Compliance	3.7yrs	no data	no data
Carlotta Ventura	Chief Communication Officer	no data	no data	no data
Mauro Ghilardi	Chief People & Transformation Officer	4.5yrs	no data	no data
Alessandro Manfredini	Head of Group Security Cyber Defence	8.8yrs	no data	no data
Nicoletta Mastropietro	Head of Innovation	3yrs	no data	no data

4.1yrs

Average Tenure

56yo

Average Age

Experienced Management: A2AM's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Renato Mazzoncini	CEO, MD & Executive Director	5yrs	€977.89k	no data
Roberto Tasca	Chairman	2yrs	€130.58k	no data
Alessandro Zunino	Director	2yrs	€73.53k	no data
Susanna Dorigoni	Director	2yrs	€67.12k	no data
Giovanni Comboni	Independent Non-Executive Vice Chairman of the Board	5yrs	€137.14k	no data
Silvia Muzi	Chairman of Statutory Auditors	2yrs	no data	no data
Vincenzo Cariello	Independent Director	5yrs	€117.53k	no data
Fabio Lavini	Independent Non-Executive Director	5yrs	€98.56k	no data
Grazia Speranza	Independent Non-Executive Director	5yrs	€111.38k	no data
Elisabetta Pistis	Director	2yrs	€70.70k	no data
Maria D'Amico	Director	2yrs	€66.48k	no data
Elisabetta Bombana	Director	2yrs	€67.12k	no data

2.0yrs

Average Tenure

58yo

Average Age

Experienced Board: A2AM's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/11 11:39
End of Day Share Price	2024/12/17 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

A2A S.p.A. is covered by 16 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Francesco Sala	Banca Akros S.p.A. (ESN)
Benjamin Leyre	BNP Paribas Exane
Phillip Gottschalk	BNP Paribas Exane

A2A Management

Management criteria checks 3/4

Key information

Recent management updates

Less than half of directors are independent

Less than half of directors are independent

A2A S.p.A., Annual General Meeting, Apr 24, 2024

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Recent updates

A2A S.p.A. to Report First Half, 2025 Results on Jul 31, 2025

A2A S.p.A. to Report Fiscal Year 2024 Final Results on Mar 20, 2025

Now 21% overvalued

Less than half of directors are independent

Less than half of directors are independent

A2A S.p.A. to Report First Half, 2024 Results on Jul 30, 2024

A2A S.p.A., Annual General Meeting, Apr 24, 2024

A2A S.p.A. to Report Fiscal Year 2023 Results on Mar 15, 2024

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

A2A S.p.A., Annual General Meeting, Nov 29, 2023

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Upcoming dividend of €0.09 per share at 5.3% yield

Insufficient new directors

Insufficient new directors

Full year 2022 earnings released

Insufficient new directors

Insufficient new directors

High number of new directors

High number of new directors

High number of new directors

Second quarter 2022 earnings released

High number of new directors

Upcoming dividend of €0.09 per share

Full year 2021 earnings released: EPS: €0.17 (vs €0.12 in FY 2020)

High number of new directors

Henderson Park Capital Partners UK LLP acquired Portfolio of three well located assets in Milan from A2A S.p.A. (BIT:A2A) for approximately €220 million.

High number of new directors

A2A S.p.A. (BIT:A2A) agreed to acquire an unknown majority stake in Volta Green Energy S.R.L.

High number of new directors

High number of new directors

Full year 2020 earnings released

A2A S.p.A. (BIT:A2A) acquired 5% stake in Acsm-Agam S.p.A. (BIT:ACS).

A2A S.p.A. (BIT:A2A) signed a binding agreement to acquire portfolio of 17 photovoltaic plants from Octopus Renewables Infrastructure Trust PLC (LSE:ORIT) managed by Octopus Investments Limited for approximately €210 million.

New 90-day high: €1.48

New 90-day high: €1.37

A2A S.p.A. (BIT:A2A) signed an agreement to acquire 27.7% stake in Saxa Gres S.r.L.

New 90-day high: €1.33

A2A S.p.A. to Report Q1, 2021 Results on May 13, 2021

A2A S.p.A. (BIT:A2A) acquired 8.2 MW plant in Campania from Barone Costruzioni S.r.l. and Equiter Energia S.R.L.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources