Italgas Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Paolo Gallo

Chief executive officer

€2.6m

Total compensation

CEO salary percentage	33.4%
CEO tenure	7.7yrs
CEO ownership	n/a
Management average tenure	7.2yrs
Board average tenure	2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paolo Gallo's remuneration changed compared to Italgas's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€3m	€860k	€440m
Sep 30 2023	n/a	n/a	€438m
Jun 30 2023	n/a	n/a	€432m
Mar 31 2023	n/a	n/a	€422m
Dec 31 2022	€3m	€844k	€407m
Sep 30 2022	n/a	n/a	€378m
Jun 30 2022	n/a	n/a	€380m
Mar 31 2022	n/a	n/a	€375m
Dec 31 2021	€3m	€813k	€363m
Sep 30 2021	n/a	n/a	€409m
Jun 30 2021	n/a	n/a	€402m
Mar 31 2021	n/a	n/a	€389m
Dec 31 2020	€3m	€811k	€385m

Compensation vs Market: Paolo's total compensation ($USD2.75M) is about average for companies of similar size in the UK market ($USD2.62M).

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

CEO

Paolo Gallo (62 yo)

7.7yrs

Tenure

€2,576,176

Compensation

Mr. Paolo Gallo serves as Director at Picarro Inc since March 2022. Turin. He subsequently earned an MBA from Turin University.Mr. Gallo is an internationally recognized leader in the energy industry, end...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paolo Gallo	CEO, GM & Director	7.7yrs	€2.58m	no data
Gianfranco Amoroso	Chief Financial Officer	2.8yrs	no data	no data
Anna Scaglia	Head of Investor Relations	no data	no data	no data
Chiara Ganz	Head of External Relations & Communications	no data	no data	no data
Bruno Burigana	Head of Human Resources & Organisation	no data	no data	no data
Nunzio Ferrulli	Head of Public & Regulatory Affairs	no data	no data	no data
Raffaella Marcuccio	Head of Procurement & Material Management	7.1yrs	no data	no data
Salvatore Bilardo	Head of Security	7.3yrs	no data	no data
Pier Dell'orco	Head of Commercial Development	5.9yrs	no data	no data
Paolo Bosato	Head of Internal Audit	no data	no data	no data
Paolo Bacchetta	Chief Executive Officer of Italgas Reti	7.6yrs	no data	no data

7.2yrs

Average Tenure

57yo

Average Age

Experienced Management: 0RK1's management team is seasoned and experienced (7.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Paolo Gallo	CEO, GM & Director	7.7yrs	€2.58m	no data
Claudio de Marco	Lead Independent Director	2yrs	€98.16k	no data
Benedetta Navarra	Independent Chairwoman	2yrs	€300.00k	no data
Giulia Pusterla	Chairwoman of Statutory Auditors	2yrs	no data	no data
Fabiola Mascardi	Non-executive Independent Director	2yrs	€90.00k	no data
Gianmarco Montanari	Non-executive Independent Director	2yrs	€90.00k	no data
Maurizio Di Marcotullio	Statutory Auditor	no data	no data	no data
Manuela Sabbatini	Non-executive Director	2yrs	€90.00k	no data
Qinjing Shen	Non-Executive Director	2.3yrs	€70.00k	no data
Paola Maiorana	Standing Statutory Auditors	no data	no data	no data
Parola Lorenzo	Non-executive Independent Director	2yrs	€90.00k	no data
Maria Sferruzza	Non-Executive Director	2yrs	€70.00k	no data

2.0yrs

Average Tenure

55yo

Average Age

Experienced Board: 0RK1's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

Italgas Management

Management criteria checks 3/4

Key information

Recent management updates

Italgas S.p.A., Annual General Meeting, Apr 20, 2023

Less than half of directors are independent

Insufficient new directors

Italgas S.p.A., Annual General Meeting, Apr 26, 2022

Italgas S.p.A., Annual General Meeting, Apr 14, 2021

Recent updates

Dividend increased to €0.35

Full year 2023 earnings released

Italgas S.p.A. to Report Nine Months, 2024 Results on Oct 24, 2024

Third quarter 2023 earnings released

Italgas S.p.A. (BIT:IG) completed the acquisition of Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE).

Second quarter 2023 earnings released

Italgas S.p.A. (BIT:IG) signed a purchase agreement to acquire Acqua S.r.l., Idrolatina S.r.l., and Acqua Campania S.p.A from Veolia Environnement SA (ENXTPA:VIE) for approximately €115 million.

Upcoming dividend of €0.32 per share at 5.3% yield

First quarter 2023 earnings released

Italgas to Merge 3 Greek Companies Owned by Depa Infrastructure

Full year 2022 earnings released

Italgas S.p.A., Annual General Meeting, Apr 20, 2023

Italgas S.p.A. to Report Q1, 2023 Results on May 04, 2023

Phaeton S.A. acquired 10% stake in Italgas Newco S.r.l from Italgas S.p.A. (BIT:IG) for €40 million.

Third quarter 2022 earnings released

Less than half of directors are independent

Third quarter 2022 earnings released

Italgas S.p.A. (BIT:IG) acquired 49% stake in Gas Distribution Company Thessaloniki - Thessalia S.A. from Eni Gas e Luce S.p.A.

Italgas S.p.A. (BIT:IG) completed the acquisitions of DEPA Infrastructure SA from Hellenic Petroleum S.A. (ATSE:ELPE) and Hellenic Republic Asset Development Fund S.A.

Now 20% undervalued after recent price drop

Italgas S.p.A. (BIT:IG) entered to an agreement to acquire LPG distribution and sales business from Fiamma 2000 Spa for € 31.7 million.

Second quarter 2022 earnings released

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Upcoming dividend of €0.29 per share

First quarter 2022 earnings released

Insufficient new directors

Full year 2021 earnings: Revenues in line with analyst expectations

Italgas S.p.A. (BIT:IG) acquired an unknown minority stake in Picarro Inc. for $15 million.

Italgas S.p.A., Annual General Meeting, Apr 26, 2022

Third quarter 2021 earnings released: EPS €0.12

Italgas Names Preferred Bidder for DEPA

Italgas Reportedly Outbids EP Investment for Depa Infrastructure

Second quarter 2021 earnings released

Italgas S.p.A. (BIT:IG) completed the acquisition of Isgastrentatre SPA from Consorzio Fra Cooperative Di Produzione E Lavoro.

Italgas to Bid for Greece's DEPA Alone

Upcoming dividend of €0.28 per share

Full year 2020 earnings released: EPS €0.47 (vs €0.52 in FY 2019)

Full year 2020 earnings released

Revenue beats expectations

New 90-day low: €4.93

Italgas S.p.A. to Report Fiscal Year 2020 Results on Apr 14, 2021

Italgas S.p.A., Annual General Meeting, Apr 14, 2021

Third quarter earnings released

New 90-day low: €4.80

New 90-day low: €5.04

Italgas S.p.A. to Report Q3, 2020 Results on Oct 29, 2020

Italgas S.p.A. (BIT:IG) acquired 15% stake in Reti Distribuzione Srl from Azienda Energia E Gas Soc Coop for €4.6 million.

First half earnings released

New 90-day high - €5.45

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age