Yesterday's Board of Directors clarified the intentions of the new Chief Executive Officer of Finmeccanica Alessandro Pansa, appointed after the arrest of Giuseppe Orsi. Pansa, in fact, immediately stamped his mark on the group, trying to distance himself as much as possible from the work of his predecessor.
His first act was the renunciation of his salary as CEO and the decision to maintain those of general manager and adviser. Then came the cleanup, with the systematic removal of all the executives under investigation. The CEO has launched a large reorganization of top management, merging the fifteen existing functions and reducing them to six, namely strategies, finance, legal, personnel, audit and external relations.
The subsidiaries were also targeted, and in particular AgustaWestland, overwhelmed by the bribe scandal. Removed the executives under investigation (Bruno Spagnolini, Carlo Gualdaroni and Renzo Lunardi), replaced by Daniele Romiti, Luigi Pasquali and Alessandro Franzoni. The same goes for the supervisory body, extended to a maximum of five members. Giuseppe Grechi and Manuela Romei Pasetti, involved in wiretapping AgustaWestland, were also replaced. Pansa then centralized control over the group's purchases, including indirect ones, on itself.
On the other hand, the policy of sales has been confirmed. Also yesterday, the new CEO made known to the Board of Directors the three offers on the table for Ansaldo Energia, even if any decision in this regard risks being postponed at least until the end of March, when, after being postponed, the Board of Directors meeting will be held for the approval of the 2012 budget.
