Luigi Siri - Saipem SpA Head of Internal Audit

SAPMF Stock  USD 2.56  0.00  0.00%   

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.
Saipem SpA has accumulated 2.43 B in total debt with debt to equity ratio (D/E) of 6.55, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Saipem SpA has a current ratio of 0.93, indicating that it has a negative working capital and may not be able to pay 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 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 OTC Exchange. It employs 27520 people. Saipem SpA [SAPMF] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Saipem SpA 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.
Luigi Siri, Head of Internal Audit
Francesco Racheli, Chief Division
Alessandro Puliti, CEO, COO
Davide Ruvolo, Strategies And M&A
Paolo Calcagnini, Chief CFO
Mauro Piasere, Digital Innovation Director, COO, New XSIGHT Division
Marco Toninelli, Chief Divisions
Gaetano Colucci, Head of Identity and Corporate Communication
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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Other Information on Investing in Saipem Pink Sheet

Saipem SpA financial ratios help investors to determine whether Saipem Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Saipem with respect to the benefits of owning Saipem SpA security.