Pierroberto Folgiero Appointed New CEO of Fincantieri: Trieste, Italy – May 14, 2025 – Pierroberto Folgiero has been officially appointed Chief Executive Officer of shipbuilding giant Fincantieri S.p.A., the company announced today following a meeting of its newly instated Board of Directors. The confirmation comes after the Shareholders’ Meeting earlier in the day, which saw the appointment of the board that will steer the company until the approval of the financial statements for the year ending December 31, 2027.
The plenary session of the new Board, chaired by Biagio Mazzotta, solidified Folgiero’s position at the helm, also confirming him as the Managing Director of the prominent Italian shipbuilding firm. The board subsequently approved the distribution of executive powers, delineating responsibilities between the Chairman and the newly appointed CEO.
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Chairman Biagio Mazzotta will undertake responsibilities related to the company’s institutional representation, alongside the crucial oversight of corporate security and the internal control and risk management system. This appointment signals a clear focus on maintaining the integrity and security of Fincantieri’s operations and its standing on the global stage.
Meanwhile, Chief Executive Officer Pierroberto Folgiero assumes broad authority over the ordinary and extraordinary management of the company. His mandate includes the critical task of developing and presenting business plans and annual budgets for the Board of Directors’ consideration. This entrustment underscores the board’s confidence in Folgiero’s leadership to navigate Fincantieri through the evolving landscape of the shipbuilding industry.
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Biagio Mazzotta (Left), Chairman & Pierroberto Folgiero, CEO of Fincantieri.
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In a move highlighting a collaborative approach to strategic direction, the Board has determined that both Chairman Mazzotta and CEO Folgiero will jointly engage in defining communication and institutional relations, shaping national and international strategies, and driving the company’s internationalization efforts. This unified front suggests a cohesive vision for Fincantieri’s future growth and global presence.
Furthermore, the Board of Directors conducted a thorough verification process, confirming that all appointed directors meet the stringent integrity and professional requirements mandated by current regulations. They also affirmed the absence of any conflicts of interest or ineligibilities. The assessment extended to ensuring compliance with the maximum number of allowable board positions, adhering to the company’s established guidelines.
Following this rigorous evaluation, the Board formally recognized the independence of several non-executive directors: Paolo Amato, Gianfranco Battisti, Sara Carrer, Mariachiara Geronazzo, Sergio Marini, Secondina Giulia Ravera, and Emilio Scalfarotto. This determination was made in accordance with both Italian legislative decree and the Corporate Governance Code of Borsa Italiana, considering quantitative criteria related to commercial, financial, or professional relationships and additional remunerations. The Board of Statutory Auditors subsequently verified the correct application of these criteria.
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Italian Navy’s Cavour aircraft carrier built by Fincantieri.
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The composition of Fincantieri’s Board of Directors for the three-year term spanning 2025-2027 is now officially as follows: Biagio Mazzotta (Executive Chairman), Pierroberto Folgiero (Chief Executive Officer and Managing Director), Paolo Amato (Non-executive and Independent Director), Gianfranco Battisti (Non-executive and Independent Director), Simona Camerano (Non-executive Director), Sara Carrer (Non-executive and Independent Director), Mariachiara Geronazzo (Non-executive and Independent Director), Sergio Marini (Non-executive and Independent Director), Secondina Giulia Ravera (Non-executive and Independent Director), and Emilio Scalfarotto (Non-executive and Independent Director).
Notably, the announcement also disclosed that, as of today, none of the directors hold Fincantieri’s ordinary shares, with the sole exception of Chief Executive Officer Pierroberto Folgiero, who possesses 103,668 ordinary shares in the company. This personal investment underscores Folgiero’s commitment and alignment with the future success of Fincantieri.
The confirmation of Pierroberto Folgiero as CEO marks a significant step for Fincantieri as it navigates the complexities of the global shipbuilding market and pursues its strategic objectives for the coming years under the guidance of its newly formed leadership.
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