The Board of Directors of Leonardo S.p.a., appointed by the Shareholders’ Meeting held Tuesday, met for the first time under the chairmanship of Mr. Stefano Pontecorvo.
The Board, within the framework of a new organizational structure that will be finalized in the coming weeks and will lead to a significant rationalization of the structure, has conferred on Chairman Stefano Pontecorvo, who is the legal representative of the Company and the corporate signature in accordance with the law and Company’s Bylaws, certain powers relating to, among other things, “Institutional Relations”, “Group Security” and coordination for “Facilitated Finance” projects.
The Board also appointed Mr. Roberto Cingolani (photo) to the position of Chief Executive Officer and General Manager, granting him, all the relevant powers for the management of the Company and the Group, with the exclusion of specific powers that the Board, in addition to those that cannot be delegated by law, has reserved for its own competence.
In addition, the Board approved the institution, as of 1 June 2023, of the new General Business & Operations Department to which Mr. Lorenzo Mariani will be in charge as Co-General Manager.
Leonardo, a global high-technology company, is among the top world players in Aerospace, Defense and Security and Italy’s main industrial company. Organized into five business divisions, Leonardo has a significant industrial presence in Italy, the United Kingdom, Poland and the USA, where it also operates through subsidiaries that include Leonardo DRS (defense electronics), and joint ventures and partnerships: ATR, MBDA, Telespazio, Thales Alenia Space and Avio.
Leonardo competes in the most important international markets by leveraging its areas of technological and product leadership (Helicopters, Aircraft, Aerostructures, Electronics, Cyber & Security Solutions and Space).
Listed on the Milan Stock Exchange (LDO), in 2021 Leonardo recorded consolidated revenues of €14.1 billion and invested €1.8 billion in Research and Development. The company has been part of the Dow Jones Sustainability Indices (DJSI) since 2010 and has been confirmed among the global sustainability leaders in 2022. Leonardo is also included in the MIB ESG index.
