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Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

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Summary

Name Age Since Current Position

Francesco Caio

61 2018 Non-Executive Chairman of the Board

Stefano Cao

67 2015 Chief Executive Officer, Executive Director

Stefano Cavacini

47 2018 Chief Financial Officer

Mario Colombo

50 General Counsel, Company Affairs and Governance

Dario Gallinari

60 2010 Director Human Resources, Organisation and Services.

Gaetano Colucci

58 2018 Sustainability, Identity and Corporate Communication Director

Mauro Piasere

52 2018 Digital Innovation Director, Chief Operating Officer, New XSIGHT Division

Alessandro Riva

51 Risk Management, Supply Chain and Business Integrity Director

Davide Ruvolo

2018 Strategies And M&A

Marco Satta

46 2017 Corporate Director - Health, Safety and Environment

Luigi Siri

58 2015 Head of Internal Audit

Claudia Carloni

51 2018 Non-Executive Director

Pierfrancesco Latini

51 2018 Non-Executive Director

Maria Elena Cappello

50 2015 Non-Executive Independent Director

Federico Ferro-Luzzi

51 2014 Non-Executive Independent Director

Paolo Fumagalli

59 2018 Non-Executive Independent Director

Ines Mazzilli

57 2018 Non-Executive Independent Director

Paul Schapira

55 2018 Non-Executive Independent Director

Biographies

Name Description

Francesco Caio

Mr. Francesco Caio serves as Non-Executive Chairman of the Board of the Company. He has considerable experience in Italy and abroad as Chief Executive Officer of multinational companies, both public and private, operating in the industrial sector, in advanced technology, finance and telecommunications such as Olivetti, Omnitel, Merloni Eldo SpA, Netscalibur, Lehman Brothers and Avio. He has been on the board of directors for multinationals in the United States, England, France and Italy for such companies as Equant, Motorola, Università Bocconi, Gruppo Sole 24 Ore, Invensys plc, Alcatel Lucent, Confindustria, Politecnico di Milano and BNL SpA. He was a Director for the Government initiative on digital technologies and broadband. From 2014 to 2017, he was Chief Executive Officer and Managing Director of Poste Italiane. During that time, he led the initial public offering on the Stock Exchange 2015. The IPO of Poste Italiane was the largest in Europe in 2015 and the largest in Italy in the last 10 years.

Stefano Cao

Mr. Stefano Cao serves as Chief Executive Officer, Executive Director of SAIPEM S.P.A. He began his career in Saipem in 1976 as a Project Manager and Offshore Construction Manager in the North Sea. Over the years, he covered various positions, such as Offshore Construction Engineering Division Manager, Offshore Construction Division Vice General Manager and Operations, Chief Operating Officer and then Managing Director of Technical and Operational Activities and then became Chairman and CEO in 1999. In 2000, he left Saipem to take on the position of Chief Operating Officer of the Exploration & Production Division of Eni. In 2015, after his experience as CEO of Sintonia SpA followed by taking the position of Chairman of Spig SpA, he returned to Saipem taking the position of Chief Executive Officer. Stefano Cao has a degree in Mechanical Engineering from the Università degli Studi di Roma.

Stefano Cavacini

Mr. Stefano Cavacini serves as Chief Financial Officer of the Company. He has worked in international and complex contexts, developing a solid business base thanks to an intense focus on enhancing the company and the capital invested by the shareholder, associated with the development of the people on his team. During his career he has had to deal with complexities relating to geography, size and important relationships often facing Boards of Directors, Top Managers of Financial Institutions and Government Officials, Investors and international Financial analysts in order to create strategic plans and carry out extraordinary transactions. He has more than twenty years of experience in Finance in listed, multinational groups but also in medium-sized companies, with increasingly demanding roles, both in the Fiat Group as CFO of the entire LVC Business Unit, and in Indesit first as a Group controller and then as CFO. In 2015, after working in Esaote SpA he became CFO of Zambon SpA and a member of that company’s Board of Directors. In November 2018 he became CFO of Saipem.

Mario Colombo

Mr. Mario Colombo serves as General Counsel, Company Affairs and Governance of the Company. After an experience at a law firm in Milan, in 1995 he began working as Legal Adviser, first for the Legal Department of ENI S.p.A./Agip Division, then for the Legal Department of IBM EMEA. From 2001 to 2007, he worked for the Edison S.p.A. Group. His last role there was as General Counsel for the subsidiary Edipower S.p.A. He then became General Counsel for ABB S.p.A (from 2008 to 2011) and Maire Tecnimont S.p.A. He joined Saipem in June 2013 as Head of the General Counsel, Contract Management, Company Affairs and Governance department. He has been Secretary of the Board of Directors of Saipem S.p.A., since 2013. He is Secretary of the Sustainability, Scenarios and Governance Committee. He is a member of the Executive Committee and since July 2013 has also been a member of the Compliance Committee of Saipem S.p.A. Mario Colombo holds a degree with honours in Law from the “Università degli Studi di Milano” and in 1997 he became a qualified lawyer.

Dario Gallinari

Mr. Dario Gallinari serves as Director Human Resources, Organisation and Services. of Saipem S.p.A. He joined Saipem in 1981 as HR Officer on site for the construction of the Transmed gas pipeline. He later carried out personnel management activities at Italian and foreign branches (in Egypt, sites in the Middle East) and he returned to Saipem headquarters in 1984 as a personnel management expert, dealing with Italian and foreign contracts, human resources planning for projects and trade union relations. In 1997 he became the Head of Personnel Management Italy, then in 2000 he took on the position of Personnel Management, Planning and Administration Manager and finally in 2002 he was named Personnel and Industrial Relations Manager. During that period he contributed to the integration of HR systems and policies and participated in the management of contract negotiations and industrial relations regarding the acquisition of Bouygues Offshore and then of Snamprogetti. In January 2007 he left Saipem to join Eni’s chemical division, becoming HR Management and Industrial Relations Manager of Polimeri Europa and Syndial. He returned to Saipem in 2009, as Senior Vice President Human Resources, Organisation and Services In July 2010 he was appointed Director Human Resources, Organisation and Services.

Gaetano Colucci

Mr. Gaetano Colucci serves as Sustainability, Identity and Corporate Communication Director of the Company. At the age of 26 he became Manager of the Legal Office at Uniass S.p.A. – an insurance company owned by Associazione Nazionale delle Imprese di Assicurazione. At 28 he was hired by Snam S.p.A. (Eni group) as Personnel Manager for the Central Area – Rome. Over the last 20 years, he has managed communications and relations with national and European government institutions, with regulatory authorities and with the press for major Italian companies such as Snam S.p.A. where he was Public Affairs Manager, Eni S.p.A. where he was Responsible for Relations with the Government and Parliament, Sintonia S.A. where he was the External Relations and Communications Director. From 2012 to 2015 he was, among other things, a consultant for Gestore dei Servizi Energetici S.p.A. (GSE). He managed the identification and implementation of sustainability projects for GSE from the Associazione Nazionale Imprese Elettrotecniche ed Elettriche (Anie) and the Consorzio Gas Intensive. Currently he is the Sustainability, Identity and Corporate Communication Director for Saipem S.p.A. Since 1996 he has been a member of the Ordine dei Giornalisti (Journalists’ Association). He has a passion for writing (he has written several papers and a novel) and plays tenor sax.

Mauro Piasere

Mr. Mauro Piasere serves as Digital Innovation Director, Chief Operating Officer, New XSIGHT Division of the Company. e has Over 20 years of experience in the oil & gas industry shaping organizations, nurturing competences and delivering results with a sustainable long term view. He started his career in 1994 as project offshore engineering for European Marine Contractors Ltd and in 1997 joined Saipem as Project Manager. In Saipem he took various positions as Vice President New Naval Initiatives, with the responsibility of all engineering aspects related to the management of new naval initiatives for both Drilling and Offshore and in 2011 is project Director of the new Saipem flagship lay vessel Castorone. In 2013 became President and Ceo of Saipem America. In 2016 manages the creation of the new division XSIGHT by Saipem, for early engaging clients in engineering and consultancy services. Mauro Piasere holds a degree in Aereonautic Aereodynamics from the Politecnico di Milano.

Alessandro Riva

Mr. Alessandro Riva serves as Risk Management, Supply Chain and Business Integrity Director of Saipem SpA. He began his career in 1993 in Saipem UK Ltd where he worked until 2006 in different positions such as Foreign Branch Coordinator, Finance and Administration Manager and Head of the Administration, Finance and Control department. In 2006, he took the position of Internal Audit Senior Vice President in Saipem SpA. In 2013, he became Head of the Integrated Risk Management Department. Alessandro Riva holds a degree in Business Administration from Università Bocconi di Milano.

Davide Ruvolo

Marco Satta

Mr. Marco Satta serves as Corporate Director - Health, Safety and Environment of the Company. In 1999, he collaborated with Montefibre to develop and implement an environmental management system in order to obtain ISO 14000 and EMAS certification, in an acrylic fibres production plant. From 2001, he took various positions in Saipem. He started as HSE system Engineer and later appointed as HSE Engineer on board the Saipem 7000. After that, he took the position of Project HSE manager for Saipem Uk Sakhalin Branch, Company HSE Manager for PT Saipem Indonesia, Saipem Singapore and in 2009 for Saipem SpA. From 2011 to 2014, he initially became QHSE&S Director and then HSE&S Director & Business Unit Floater HSE Manager. From 2014, he held the position of VP HSE Floaters e Offshore. In March 2017, he took the position of Corporate HSE Director of Saipem SpA. Marco Satta holds a degree in Mining and Environmental Engineering from the Università di Bologna and a Master’s in General Management from Università Bocconi in Milan.

Luigi Siri

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 (CIA issued by the Institute of Internal Auditors (IIA), a Title of Certified Fraud Examiner (CFE) issued by the Association of Certified Fraud Examiners and a Certified Risk Management Assurance certificate (CRMA) issued by the Institute of Internal Auditors (IIA).

Claudia Carloni

Ms. Claudia Carloni serves as Non-Executive Director of the Company. Since 2006-to date ENI, 2014-Oggi Senior Vice President M&A, area Upstream, 2010-2014 Senior Vice President Portfolio Management - E&P Division, 2006-2010 Senior Vice President Investor Relations of Eni. She has been Head of Investor Relations Practice of Livolsi & Partners, Head of Investor Relations of Etnoteam.

Pierfrancesco Latini

Mr. Pierfrancesco Latini serves as Non-Executive Director of the Company. He has been Group Chief Risk Officer of CDP, reports directly to the CEO. Head of Risk Management, Risk Operations, Risk Governance, Compliance & Anti-Money Laundering Departments. From 2008 to 2016, he has been Chief Risk Officer of BNL and of BNP Paribas Group for Italy. Member of the Board of Directors of BNL and of the Group Risk Executive Committee. Member of the Board of Directors of BNPP Leasing Solutions, Ifitalia International Factors, Business Partner Italia, CRIF.

Maria Elena Cappello

Ms. Maria Elena Costanza Bruna Cappello serves as Non-Executive Independent Director of the Company. From 2018 - present TIM Member of the Board of Directors, 2015 - present Monte dei Paschi di Siena Member of the Board of Directors, 2012 - present Prysmian SpA - Member of the Board of Directors, 2012 - present FEEM (Fondazione Enrico Mattei) - Member of the Board of Directors, 2015 - 2018 Italia Online SpA (formerly Seat PG SpA) Member of the Board of Directors, 2015 - 2017 A2A Member of the Board of Directors, 2013 - 2015 Sace SpA - Member of the Board of Directors, 2012 - 2014 A2A SpA - Member of the Management Board.

Federico Ferro-Luzzi

Mr. Federico Ferro-Luzzi serves Non-Executive Independent Director of the Company. Since January 1998 is qualified as Italian Attorney in Rome. From March 1999 to December 2002 was consultant for Assonime (limited companies trade association). Since November 2001 is Associate Professor of Private Law at University of Sassari, Department of Economics and since 2003 is member of the GAV at University of Sassari, Department of Economics, Crui certification. From 2005 to 2011 was teacher at Specialized School for Legal professions, "La Sapienza" University of Rome, Law Department. Since 2008 is member of Doctoral School of productive systems law and economics, University of Sassari and since 2009 is full professor of Private Law, University of Sassari Department of Economics. From 2009 to 2015 was member in a Board of the Arbitro Bancario Finanziario (ABF), major alternative dispute resolution entity in banking disputes (under Banking Code, art. art. 128- bis) - Bank of Italy designation. From 2014 is independent member of the Management Board and member of the Appointments and Remunerations Committee at Saipem SpA. From 2016 is D.I.S.E.A. representative for corruption prevention and transparency at University of Sassari. From 2016 appointed by CONSOB as member of the Arbitro for financial disputes. From 2018 is member of the Board of Directors of BANCA SISTEMA.

Paolo Fumagalli

Mr. Paolo Fumagalli serves as Non-Executive Independent Director of the Company. He is Chartered Accountant and a Certified Public Auditor (registration number 92048 – 15/10/1999). He is a Professor of “Pension Funds & Retirement Plans” at the Faculty of Banking, Financial and Insurance Sciences of the Catholic University, in Milan. He is a Founding Partner of Studio Professionale Associato GFT & Partners. Chairman of the Board of Statutory Auditors of UnipolSai, Astaldi, Autostrade Lombarde and Eni New Energy, member of the Board of Statutory Auditors of Consorzio Logistica Pacchi (Poste Italian Group) (until 5 April 2018), Arriva Italia (Deutsche Bahn Group), alternate auditor of Servizio Elettrico Nazionale. Chairman of BFS Partner and CAPFIN and Director of ICAM. Vice-Chairman (ex Chairman) of ENI Pension Fund – FOPDIRE; Director of Pension Fund – Fondenergia. He was a member of the Board of Statutory Auditors of Enel Ingegneria e Ricerca (2012-2016), Aspem Energia (A2A Group) (2009-2015) and Aspem (A2A Group) (2012-2015), of ENI (2011-2014) and Cassa Depositi e Prestiti (201-2012). He was Chairman of the Board of Intesa San Paolo Vita (2002-2011) and Intesa SanPaolo Previdenza (2003-2012). He was also Director of Banca Intesa (2000-2006) and member of the Internal Auditing Committiee, Intesa Casse del Centro (1999-2008), Banca Infrastrutture Innovazione e Sviluppo (BIIS – Intesa SanPaolo Group) (2005-2010) and member of the Supervisory Board D.Lgs. 231/2001 and Leasint (Intesa SanPaolo Group) (2008-2012).

Ines Mazzilli

Ms. Ines Maria Lina Mazzilli serves as Non-Executive Independent Director of the Company. She is active in a variety of roundtables with multinationals and since 2014, member of the Advisory Board of Corso di Laurea Magistrale in Economia e Legislazione d’Impresa, University of Pavia, Italy. Since 2015 Ines Mazzilli has served as Independent Board Director of SAFILO GROUP S.p.A. and has been a member and the Chairman (since 2017) of its Control, Risk and Sustainability Committee and Transactions with Related Parties Committee. Since 2017 Ines Mazzilli has also served as member of SAFILO GROUP S.p.A. Supervisory Committee pursuant to Lgs D.231/01. She has more than 30 years of experience in a variety of senior finance management positions. Since 2016, she is member of the Advisory Council and Senior Advisor (external) for GENPACT. She previously worked for 23 years in HEINEKEN. In 1993, she joined the Italian Operating company as Planning & Control Manager and she was Finance Director 2001-2005. In 2006-2010, she has been Senior Finance Director of the Global Business Services, responsible for Business Partnering to Global Business Services, HEINEKEN Global shared Services in Krakow, Global Process and Control Improvement and Global Finance Business Process Management. In 2015-2016, she has been Senior Director Global Finance Processes & Internal Control, responsible for HEINEKEN Global Shared Services, Global Process and Control Improvement and Global Finance Business Process Management. Prior to Joining HEINEKEN, she spent the early part of the career, form 1987 to 1993, in senior finance jobs in Elizabeth Arden, being part of Eli Lilly first, and Unilever after. She started her career in banking.

Paul Schapira

Mr. Paul Simon Schapira serves as Non-Executive Independent Director of the Company. March 2017 - to date INDEPENDENT FINANCIAL ADVISOR, 2014 – march 2017 Managing Director, Investment Banking Division, Financial Sponsors Group, London. Primary responsibility for coverage of Private Equity funds and Pension Funds across Europe. Retained coverage responsibility for several corporate clients at Morgan Stanley, 2006 – 2013 Managing Director, Investment Banking Division , London/Milan. Head of Investment Banking for Italy at Morgan Stanley, 2001- 2006 Managing Director, Investment Banking Division, London at Goldman Sachs.