Italy says working to ensure management continuity at Finmeccanica

ROME Wed Feb 13, 2013 12:45am IST

Finmeccanica Chairman and Chief Executive Officer Giuseppe Orsi attends a convention in Rome December 18, 2012. REUTERS/Remo Casilli

Finmeccanica Chairman and Chief Executive Officer Giuseppe Orsi attends a convention in Rome December 18, 2012.

Credit: Reuters/Remo Casilli

Related Topics

Stocks

   

ROME (Reuters) - Italy's Economy Ministry on Tuesday said that it was working to provide management continuity and protect shareholder interest at state-owned defence group Finmeccanica (SIFI.MI), according to a statement.

"The ministry is working to ensure that the company rapidly adopts a governance system that is able to guarantee the needed management continuity, the protection of shareholders' interests - and therefore of the taxpayer - and the maximum correctness and transparency in decision making," the statement said.

Finmeccanica Chief Executive and Chairman Giuseppe Orsi was arrested Tuesday over bribes allegedly paid to secure the sale of 12 helicopters to India when he was head of the group's AgustaWestland unit, a judicial source with direct knowledge of the situation told Reuters. (Reporting by Steve Scherer)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Earnings Season

Earnings Season

Reliance Q4 sales rise, refining margin narrows.  Read 

Innovative Solution

Innovative Solution

Turning smog into jewels - a Dutch designer's solution to Beijing's pollution.  Video 

Insider Trading

Insider Trading

Rajaratnam's brother loses bid to dismiss insider trading charges.  Full Article 

Literary Giant Dies

Literary Giant Dies

Mourning and memories in Gabriel Garcia Marquez's languid hometown.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage