Luigi Siri - Saipem SpA Head of Internal Audit

SAPMY Stock  USD 0.50  0.02  4.17%   

Executive

Mr. Luigi Siri serves as Head of Internal Audit of the Company. He started his career in 1987 in the Internal Audit Department of the Olivetti group, then he took various positions in cost accounting and internal audit in the industrial group Fort James Inc. In 1999 he joined Saipem with the position of Internal Audit Manager. In 2006 he took the position of Senior Vice President in the Internal Audit Department of Eni as responsible of audit of the group business processes and in 2015 rejoined Saipem as Internal Audit Director. He has a Title of Certified Internal Auditor, a Title of Certified Fraud Examiner issued by the Association of Certified Fraud Examiners and a Certified Risk Management Assurance certificate issued by the Institute of Internal Auditors . since 2015.
Age 57
Tenure 9 years
Phone39 02 44231
Webhttps://www.saipem.com

Saipem SpA Management Efficiency

The company has return on total asset (ROA) of (0.1749) % which means that it has lost $0.1749 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.8265) %, meaning that it generated substantial loss on money invested by shareholders. Saipem SpA's management efficiency ratios could be used to measure how well Saipem SpA manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 2.43 B in total debt with debt to equity ratio (D/E) of 1.73, which is about average as compared to similar companies. Saipem SpA ADR has a current ratio of 1.15, suggesting that it may have difficulties to pay its financial obligations in time and when they become due. Debt can assist Saipem SpA until it has trouble settling it off, either with new capital or with free cash flow. So, Saipem SpA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Saipem SpA ADR sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Saipem to invest in growth at high rates of return. When we think about Saipem SpA's use of debt, we should always consider it together with cash and equity.

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Saipem SpA provides energy and infrastructure solutions worldwide. The company also operates 9 fabrication yards and a sea fleet of 41 vessels and onshore drilling fleet comprised 84 units. SAIPEM SPA operates under Oil Gas Equipment Services classification in the United States and is traded on PNK Exchange. It employs 32000 people. Saipem SpA ADR [SAPMY] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Saipem SpA ADR Leadership Team

Elected by the shareholders, the Saipem SpA's board of directors comprises two types of representatives: Saipem SpA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Saipem. The board's role is to monitor Saipem SpA's management team and ensure that shareholders' interests are well served. Saipem SpA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Saipem SpA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Antonio Carredu, Corporate Senior Vice President Quality
Dario Gallinari, Corporate Executive Vice President Human Resources and Organisation
Flavia Mazzarella, Independent Director
Stefano Cao, CEO and Non Independent Director
Paolo Formica, Corporate Executive Vice President Procurement, Contract and Industrial Risk Management
Paul Schapira, Independent Director
Davide Ruvolo, Strategies And M&A
Stefano Cavacini, CFO
Antonio Paccioretti, Chief Officer
Giuseppe Caselli, COO
Nicla Picchi, Non-Executive Independent Director
Mariano Avanzi, Executive Vice President for Planning, Administration and Control, Manager responsible for the preparation of financial report
Pierfrancesco Latini, Non-Executive Director
Marco Toninelli, Chief Divisions
Leone Pattofatto, Director
Mario Colombo, General Counsel, Company Affairs and Governance
Federico FerroLuzzi, Director
Luigi Siri, Head of Internal Audit
Marco Satta, Head of Quality, Health, Safety, Environment and Sustainability
Francesco Racheli, Chief Division
Alessandro Riva, Corporate Senior Vice President Integrated Risk Management
Giulio Bozzini, Chief Financial and Strategy Officer
Paolo Colombo, Chairman of the Board
Stefano Siragusa, Director
Ines Mazzilli, Independent Director
Guido Guzzetti, Non-Executive Independent Director
Claudia Carloni, Director
Francesco Carbonetti, Non-Executive Independent Chairman of the Board
Francesco Ferrucci, Independent Director
Gabriele Almandoz, Corporate Senior Vice President Internal Audit
Alberto Chiarini, CFO and Compliance Officer
Francesco Caio, Chairman of the Board
Alessandro Puliti, Chief Officer
Paolo Fumagalli, Independent Director
Daslav Brkic, Corporate Senior Vice President Business and Technology development
Maria Cappello, Independent Director
Mauro Piasere, Digital Innovation Director, COO, New XSIGHT Division
Erika Mandraffino, Corporate Senior Vice President Public Affairs and Communication
Gaetano Colucci, Head of Identity and Corporate Communication
Sebastiano Sanctis, Corporate Senior Vice President Health, Safety, Environment and Sustainability
Massimiliano Cominelli, Head Relations

Saipem Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Saipem SpA a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Please note, there is a significant difference between Saipem SpA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Saipem SpA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saipem SpA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.