Edition:
India

Fincantieri SpA (FCT.MI)

FCT.MI on Milan Stock Exchange

0.94EUR
18 Oct 2019
Change (% chg)

€-0.00 (-0.05%)
Prev Close
€0.94
Open
€0.94
Day's High
€0.95
Day's Low
€0.94
Volume
143,371
Avg. Vol
4,669,829
52-wk High
€1.39
52-wk Low
€0.80

Summary

Name Age Since Current Position

Giampiero Massolo

65 2016 Executive Chairman of the Board

Giuseppe Bono

75 2017 Chief Executive Officer, Executive Vice President - Naval Vessels Business Unit, Executive Director

Alberto Maestrini

60 2016 General Manager, Senior Executive Vice President Naval Vessels Business Unit

Luigi Matarazzo

2018 Executive Vice President - Merchant Ships Business Unit

Giorgio Rizzo Di Grado E di Premuda

68 2009 Executive Vice President - Services Business Unit

Pier Ragni

48 2019 General Manager

Umberto Baldi

2016 Secretary

Fabrizio Palermo

48 2016 Non-Executive Director

FEDERICA SANTINI

36 2019 Non-Executive Director

Barbara Alemanni

54 2019 Non-Executive Independent Director

Massimiliano Cesare

52 2014 Non-Executive Independent Director

LUCA ERRICO

53 2019 Non-Executive Independent Director

Paola Muratorio

70 2016 Non-Executive Independent Director

Elisabetta Oliveri

55 2019 Non-Executive Independent Director

Federica Seganti

53 2019 Non-Executive Independent Director

Cristiano Pasanisi

2016 Investor Relations Officer

Biographies

Name Description

Giampiero Massolo

Mr. Giampiero Massolo is Executive Chairman of the Board of the Company. He is Knight of the Grand Cross of the Order of Merit of the Italian Republic, Central Councillor of the “Dante Alighieri Society”, Member of the Board of the Italian Society for International Organisation (SIOI), the Steering Committee of the Institute of International Affairs (IAI), the Board of “LUISS” University and of the strategic policy group of the LUISS School of European Political Economy (SEP), Chairman of the Strategy Committee of the degree course in “Global Governance” of the University of Rome Tor Vergata, Member of the Executive Committee of Aspen Institute Italia and Chairman of the Scientific Committee of “Diplomatia”. In 1977-78 he worked at FIAT in Turin, in the Economic and Social Relations Department and subsequently in the Department for Community and International Affairs. He entered the diplomatic service in May 1978, at 23 years old. From 1980 to 1982 he served at the Embassy to the Holy See and then from 1982 to 1985 at the Embassy in Moscow as First Secretary in the trade sector. From 1985 to 1988 he was First Secretary at Italy’s Permanent Mission to the European Community in Brussels, where he was the spokesman for the Italian Delegation on the working groups responsible for environmental and energy policies, State aid and industrial policy. From 1990 he served at the Office of the Diplomatic Advisor to the Prime Minister, and was appointed Deputy Diplomatic Advisor to the Prime Minister from October 1993 (Ciampi government). In 1994 he was appointed Principal Private Secretary to the Prime Minister in the first Berlusconi government and then in the Dini government. In June 1996 he returned to the Ministry of Foreign Affairs as Head of the Press and Information Office and Ministry Spokesman. He graduated in Political Science, specialising in international politics, at the Libera Universita Internazionale degli Studi Sociali Guido Carli in Rome in 1976.

Giuseppe Bono

Mr. Giuseppe Bono is Chief Executive Officer, Executive Vice President - Naval Vessels Business Unit, Executive Director of the Company. He has served as Chief Executive Officer of the Company since since April 2002. In 2013 he was appointed Chairman of Confindustria Friuli Venezia Giulia. Since 2015 he has been a member of the General Council of Confindustria. Since March 2013 he has been Chairman of Vard Holdings Limited and since January 2013 of Vard Group AS. From October 2000 to April 2002 he was CEO of Finmeccanica, and since 1997 General Manager and acting head of some of the Group’s companies, such as Alenia Difesa and Ansaldo. From 2014 to March 2016 he was Director of the Italian Strategic Fund. From 2012 to 2014 he was Chairman of Confindustria Gorizia. In 1963 he took a course in training and education in administration and management control at Fiat- Finmeccanica. From 1963 to 1971 he was at OMECA (a company jointly owned by Fiat and Finmeccanica and acquired by EFIM in 1968) with managerial responsibilities for accounts, budgets, business planning and control. From 1971 to 1993 he was at EFIM, where he held positions of increasing responsibility: Co-Director for Control Programmes and Management; General Manager of SOPAL (food industry), CEO of Aviofer, (defence and transport sectors) until in 1991 he became the General Manager of the body itself. He graduated in Business Studies from the Universita degli Studi di Messina in 1970 with a thesis on “Budgets and Long-term Plans in a Large Company”. In 2006, he received an honorary degree in Naval Engineering from the Universita degli Studi di Genova. He was professor of “Management Control Systems (Planning and Control)” at the Libera Universita Internazionale degli Studi Sociali (LUISS) in Rome until 2010. He is enrolled in the RUC (Senior Auditors Register). In 2014 he received the honour of “Cavaliere del Lavoro”.

Alberto Maestrini

Mr. Alberto Maestrini is General Manager, Senior Executive Vice President Naval Vessels Business Unit of Fincantieri S.p.A. His first place of employment was in London, where in 1985 he worked for a year at the Hirst Research Centre of the GEC Group, performing research in integrated circuit technology. In 1986 he then worked for Marconi S.p.A. as a telecommunications systems designer, where he continued on his career path by taking on the role of Access Systems Research and Development Manager in 1994. For the following two years, after Marconi S.p.A. acquired GEC-Marconi Communications, he became Access Systems Research and Development Manager for Italy and the U.K., bringing the two groups together and implementing the necessary synergies. In 1996 he moved into the Sales & Marketing sector, with a position as Sales Manager for Western Europe and North America, then for Spain and Latin America, based in Buenos Aires. In 1999 he opened the subsidiary Marconi Communications Argentina which managed regional business. In 2000 he returned to Italy and took over as business manager for Italy and Spain, creating the subsidiary Marconi Iberia, whose main task was to deal with orders, sales and P&L. In 2001 he became Manager for the Access System Division product line for business in Europe, the Middle East and Africa (EMEA). His main responsibility was sales and profit margins of Access products, coordinating programs in development centers in Italy, Germany and the U.K. In the same year he was nominated CEO of Marconi S.p.A. In 2003 he became CEO of Telindus S.p.A., an Italian company belonging to the Belgium-based multinational Telindus, which operates in the design and manufacture of IT and telecommunications networks sector, with headquarters in Rome.

Luigi Matarazzo

Mr. Luigi Matarazzo is Executive Vice President - Merchant Ships Business Unit of the Company. He started his career in Fincantieri in 1991 joining the project engineering department for cruise vessels. In 1998 he has been appointed as Chief Designer. In 1999 he has been appointed Lead Project Engineer for HAL Cruise Vessels. In 2002 he assumed the responsibility for hotel areas at Fincantieri shipyard in Marghera. Back to Trieste in 2004, he became project manager for HAL/P&O/Cunard ships, role he has covered up to 2006 when he assumed the responsibility of Engineering & Design for both Merchant and Cruise ships Business units integrating them by 2007. Within the Corporate, in 2010 he became Deputy Chief Operating Officer and Executive responsible for Engineering. In 2011 he ad interim also became executive responsible for industrial system; role he accomplished in 2013 when he has been in charge with manufacturing & design Integration in Merchant Ships Business Unit also maintaining both the role of Deputy chief Operating Officer and the role of Executive responsible for Engineering, role kept up to 2015. From May 2014 he joins the Board of Euroyards which brings together the 5 most important European shipyards. In June 2014 he took part in the Fincantieri stock exchange as an executive of the steering committee.He has been a member of the CETENA board for 8 years (from April 2010 to August 2018). From March 2016 he assumes responsibility for the New Building Cruise Ships management. From September 2017 he presides over the Cetena Scientific Technical Committee. From 1 August 2018 he was appointed Director of the Merchant Ships Division. From January 2019 he joins the Board of VARD Group AS.

Giorgio Rizzo Di Grado E di Premuda

Mr. Giorgio Rizzo Rizzo Di Grado E di Premuda is Executive Vice President - Services Business Unit of the Company. He started his career in 1976 at Cantieri Navali Riuniti of Genoa, where he worked at the headquarters for the Military Ships Methods and Design department and at the Palermo plant in the Ship Repair area, where in 1983 he was appointed director and head of the Commercial department. From 1986 to 1990 he worked in Naples at Società Esercizio Bacini Napoletani as Deputy Manager and Head of Production. From 1990 to 1995 he returned to the Palermo shipyard as Head of the Ship Repair Line. In 1995 he became head of the Ship Repair Line for Fincantieri and based in Trieste. In 1997 he also became responsible also for the line Conventional Ships, subsequently becoming PM for the Minoan project.

Pier Ragni

Mr. Pier Francesco Ragni is General Manager of the Company. From 1997 to 1999, he worked in the Corporate Valuation Consulting department of PricewaterhouseCoopers (Milan, Italy) focusing on corporate valuations. From 2000 to 2001, he was an investment banker in the Corporate Finance and Equity Capital Markets department of Banca IMI S.p.A. (Milan, Italy) focusing on M&A and ECM transactions. From 2002 to 2005 he worked, as Head of M&A, in Banca Nazionale del Lavoro S.p.A. (Wholesale & International Banking division), focusing on M&A and ECM transactions and corporate debt restructuring. He began his Fincantieri career in 2005, as manager in the Business Development and Corporate Finance department. In April 2006 he was appointed Head of Business Development, reporting from 2008 directly to the Chief Executive Officer. In April 2011 he was appointed Deputy Chief Financial Officer, maintaining the position of Head of Business Development.

Umberto Baldi

Fabrizio Palermo

Mr. Fabrizio Palermo is Non-Executive Director of the Company. He began his career in London as a financial analyst in the Investment Banking Division of Morgan Stanley. From 1998 to 2005 he worked as a strategic consultant at McKinsey & co., specialising in restructuring, transformation and relaunch operations for Italian and European industrial and financial groups (including banking and insurance, telecoms, utilities, mechanical and electronics and postal services). In 2005, he arrived at Fincantieri as Director of Business Development and Corporate Finance reporting to the CEO. He was Deputy General Manager of the Fincantieri Group from 2011 to 2014 as well as Chief Financial Officer from 2006 to 2014. In October 2014 he joined Cassa Depositi e Prestiti as Chief Financial Officer and Manager in charge of preparing group financial reports. He is also a member of the Investors Committee of the Atlante Fund.

FEDERICA SANTINI

Ms. Federica Santini is Non-Executive Director of the Company. Since 2017 she has been Chief Strategy and Innovation Officer of Italferr S.p.A., a Ferrovie dello Stato Italiane Group’s company, with responsibilities in the fields of business planning, extraordinary operations, competitive placement and business development, market analysis, institutional relations, innovation, sustainability, quality, environment and security, and information systems and digitalization. She has been member of the Board of Directors of Trenitalia UK Ltd., Vice President of TSGA, TAP and TSI Services Governance Association, and is currently member of the Board of the GROW Committee (Generating real opportunities for women) at the LUISS Business School, member of the Scientific Committee of Telma Mobility Lab and Member of the Honour Committee of Premio Italia Giovane. She is also associate member of the Centro Studi Americani. From 2016 to 2017 she has been Chief Strategy Officer at Trenitalia S.p.A. with responsibilities in the fields of business plan, Mergers & Acquisitions, internationalization, institutional relations, competitive placement, market analysis, customer satisfaction and Voice of Customer analysis, coordination for the development of the Trenitalia Business Units’ sales channels, coordination for CRM between the Trenitalia Business Units, strategic commercial partnerships with external partners (e.g. Enjoy, My Taxi, and others), sustainability, energy, innovation. In 2008, after her graduation, she started her career at the Foreign Affairs Ministry, Analysis and Planning Unit, pursuing activities of foreign policy watch. In 2008, then, she joined Ernst&Young Financial Business Advisors S.p.A., where she remained until 2016 and where, as Senior Manager, she pursued several projects for different Italian and international clients, belonging both to the private and the public sectors, among which we recall Ferrovie dello Stato Italiane, Trenitalia, Fondazione Ferrovie dello Stato Italiane S.p.A.,

Barbara Alemanni

Ms. Barbara Alemanni is Non-Executive Independent Director of the Company. She began her career in 1994 with consulting, scientific and training experiences with Borsa Italiana S.p.A., European Commission, Assogestioni and several Italian and international banks and asset managers. From 1994 to 2000 she was researcher of Financial Markets and Institutions at the L. Bocconi University of Milan. From 2000 to 2005 she was Associate Professor of Financial Markets and Institutions at the L. Bocconi University of Milan, also directing the CEMS-MIM master, from 2003 to 2005. Since 2005 she has been professor at SDA Bocconi School of Management and Researcher fellow at Carefin-Baffi research center University L. Bocconi. She graduated in Economics in 1989 at the Bocconi University and she got a MSC in Finance at the City University Business School of London in 1993. She is professor of Financial Markets and Institutions at the University of Genova, researcher and scientific consultant at SDA Bocconi.

Massimiliano Cesare

Mr. Massimiliano Cesare is Non-Executive Independent Director of the Company. He graduated in Law at the University of Naples “Federico II". During his career he has built up an experience in acquisitions of companies and stakes, leveraged buy-outs, acquisition finance and structured finance, mergers, joint ventures, corporate reorganisation transactions, debt restructuring and extraordinary transactions in the real estate sector. He also has experience in the management and administration of corporate and real estate assets subject to seizure and/or preventive measures. In this context, he administered the corporate and real estate assets of the Cesarano criminal family and worked with the organised crime investigative group of Naples to implement such measures. He is also a trustee member of Boards of Directors, receiver of corporate and financial assets for the Court of Naples and the Public Prosecutor’s Office as well as legal trustee of the bankruptcy and corporate section of the Court of Naples. He has worked on behalf of the Government with the Garofoli Commission, set up to develop proposals, including of a financial nature, to fight organised crime. As economic and legal Advisor to the Presidency of the Council of Ministers for the Letta Government, he represented the Presidency in dealings with undersecretaries and economic ministries, gaining direct experience in the legislative process and administrative measures. He has also contributed to government decisions on privatising some of publically owned companies in Italy and managed, at one of the Ministries concerned, the Alitalia, ILVA industrial crises.

LUCA ERRICO

Mr. Luca Errico is Non-Executive Independent Director of the Company. He also studied at the Stockholm School of Economics. He is an economist and financial sector expert, formerly a senior executive with the International Monetary Fund (IMF), combining over twenty-nine years of analysis and policy making in the public and private sectors and academia. He is a Certified Public Accountant (Dottore Commercialista) and a Certified Public Auditor (Revisore Legale). He is a Notary Public in the United States commissioned in the District of Columbia and the State of West Virginia. He is a Washington-based international consultant and independent advisor to UN Agencies, International Financial Institutions, public and private sector corporations and university professor in Rome. In 1994, he joined the Staff of the IMF as an Economist. In 2016, he left the IMF as Division Chief, Strategy, Standards and Review Division, Statistics Department, for private practice. Prior to joining the IMF, from 1991 to 1994, he was with Mediobanca S.p.A., a leading investment bank in Milan, where he was engaged in strategic consulting, mergers & acquisitions, initial public offerings and equity issuance, and served as statutory auditor for companies in the Mediobanca Banking Group. Previously, from 1989 to 1991, he was a Lecturer in Public Economics at the Department of Economics of Bocconi University in Milan and Research Fellow at Bocconi’s Center of Research on Public Sector Economics.

Paola Muratorio

Ms. Paola Muratorio is Non-Executive Independent Director of the Company. She is a member of the Order of Architects since February 1974. During her career she has worked on many urban, infrastructure and commercial building projects, including the project for the marina of Santo Stefano al Mare (IM), which can dock 1000 boats. In the area of professional associations and social security, from 1985 to 1996 she was President of the Order of Architects of Imperia and elected INARCASSA delegate for Liguria region in 1990. In 1995, she was appointed Deputy Chairman of the Board of Directors of INARCASSA. She was President of INARCASSA between 2000 and 2015, for three consecutive mandates. With the adoption of financial management based on risk control she obtained impressive results in terms of investments in securities. She steered through reforms that will ensure the financial sustainability of INARCASSA for 50 years as required by the so-called “Save Italy” Decree. She was also a member of Executive Council of ADEPP, the private pension industry trade association. She has been a speaker at many conferences on social security and financial issues. She has participated in refresher courses at Assogestioni, on transactions with related parties, compensation and responsibilities of directors and auditors in listed companies.

Elisabetta Oliveri

Eng. Elisabetta Oliveri is Non-Executive Independent Directorof the Company. In May 2019 she has been appointed Chairwoman of Sagat S.p.A., the management company of the Turin airport. Since 2018 she has been Non Executive Independent Director of ERG S.p.A., member of the Strategic Committee and of the Control & Risks Committee. Since 2012 she has been Non Executive Independent Director of GEDI, where she holds the role of Lead Independent Director, Chairwoman of the Control and Risks Committee, as well as being a member of the Committee for Transactions with Related Parties. She founded and chairs the Furio Solinas Foundation. technologies, gradually holding roles of increasing responsibility and becoming Senior Vice President Strategies of Marconi Mobile S.p.A. In 2001 she joined Sirti Group, a leading company in the engineering telecommunications network industry, holding the position of Director of Strategies and Business Development. Afterwards she was appointed General Manager and eventually she became Chief Executive Officer of the Group. From 2012 to 2019 she has been holding the position of CEO of Gruppo Fabbri Vignola S.p.A., a leading company in the food packaging sector. From 2011 to 2014 she was Non Executive Independent Director of ATM - Milan Public Transportation Company, also holding the position of Chairwoman of the Supervisory Body. From 2012 to 2016 she was Non Executive Independent Director of Eutelsat S.A. and member of the Audit Committee. From 2014 to 2018 she was Non Executive Independent Director of Banca Farmafactoring Group, Chairwoman of the Remuneration Committee and Chairwoman of the Committee for Transactions with Related Parties. From 2010 to 2019 she was Non Executive Independent Director of SNAM, Chairwoman of the Control, Risks and Transactions with Related Parties Committee and member of the Remuneration Committee, after having chaired the same committee for three years.

Federica Seganti

Ms. Federica Seganti is Non-Executive Independent Director of the Company. Since 2018 she has been Chairwoman of Friulia S.p.A. and member of the Board of Directors of Autostrada Pedemontana Lombarda S.p.A.. Since 2017 she has been member of the Board of Directors of Hera S.p.A., member of the Board of Directors of InRete S.p.A. and member of the Strategy Advisory Board of Ernst&Young Financial Services. Since 2013 she has been member of the Board of Directors of Eurizon Capital SGR S.p.A. In the years she covered several positions, among which: member of the Occupational Pensions Stakeholder Group of EIOPA (European Insurance and Occupational Pensions Supervisor), between 2010 and 2016; member of ECOS from 2010 to 2013; member of the Consultive panel of CEIOPS, from 2008 to 2010; commissioner of COVIP, between 2003 and 2008; member of the Board of Directors of Autovie Servizi S.p.A., between 1995 and 1997; member of the Board of Directors of Autovie Venete S.p.A., between 1994 and 1997; Chairwoman of Adriatic Business Company S.r.l., from 1993 to 1997.

Cristiano Pasanisi