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Longtime Fincantieri CEO Giuseppe Bono to step down

Bono to step down after a 20 year plus distinguished career
After over 20 years at the helm of Fincantieri, Giuseppe Bono is preparing to leave his CEO post as operational head of the shipbuilding group.

The Italian Government lending agency, Cassa Depositi e Prestiti (CDP), which controls 71.32% of Fincantieri, has unveiled a list of candidates to succeed Bono in view of the renewal of its Board of Directors including a new CEO and a new President, as well other directors.

The shareholders’ meeting will be held on May 16.

New CEO proposed

CDP’s board has proposed Pierroberto Folgiero as the new CEO to replace Bono. Folgiero is currently CEO of Maire Tecnimont Group, an Italian firm which supplies engineering and technology services to the energy industry and employs 9,100.

If selected Folgiero will work alongside Italian army general Claudio Graziano, the former Italian Chief of Defence and current chairman of the European Union Military Committee, who has been appointed at Fincantieri to succeed Ambassador Giampiero Massolo.

Born in Rome in 1972, Folgiero holds a degree in Economics and Business from LUISS University, where he is a member of the Advisory Board as well as an Adjunct Professor in Management of Circular Economy in the Department of Law, Digital, Innovation and Sustainability.

Folgiero was named CEO and general manager of Maire Tecnimont Group in May 2013, also overseeing its main subsidiaries Tecnimont and KT. He joined the company in 2010.

In 2008 he worked in the shipping sector as Tirrenia di Navigazione’s CFO and as general manager, contributing to the company’s restructuring and privatization.

Bono's 20 year plus leadership

Under 78 year-old Bono’s leadership Fincantieri became a world leader in the design and construction of cruise ships and a reference operator in all the sectors of high-technology shipbuilding, from military vessels to offshore vessels, from special vessels and highly complex ferries to mega-yachts, as well as in ship repairs and transformations, manufacture of systems and components and in the offer of after-sales services.

According to the Seatrade Cruise orderbook at mid-March, Fincantieri and Vard accounted for 31 ships under constructed through to 2027 and respresenting 39% of cruise ships currently under construction.

Distinguised career

Born in 1944 and married with two children, Bono graduated in 1970 in Business Economics at the University of Messina. In 2006, he was awarded an honorary degree in Naval Engineering from the University of Genoa.

His is decorated with the Italian Order of Merit for Labour and honour of Knight of the Legion of Honour.

In December 2018, he was awarded honorary citizenship of the city of Trieste.