February 22, 2013
Finmeccanica has named Daniele Romiti the new head of AgustaWestland following bribery allegations surrounding the sale of 12 helicopters to India in 2010.
Romiti, who is currently the helicopter company’s chief operating officer, was named to the post on Feb. 21 as part of a wide-ranging reorganization. Romiti succeeds Bruno Spagnolini, who was placed under house arrest earlier this month. Finmeccanica CEO Giuseppe Orsi was also arrested. He was the head of AgustaWestland at the time the alleged corruption took place.
Orsi was replaced by Alessandro Pansa, who was named interim CEO and continues in his role as COO for now.
The Finmeccanica board also announced changes to the heads of satellite services firm Telespazio and torpedo manufacturer Whitehead Sistemi Subacquei.
The company also is postponing its full-year financial results to a later date, possibly at the end of March but not later than April 30, the deadline for publication of its annual financial statement. The changes were needed so Finmeccanica could complete what it called a “full and comprehensive evaluation of the potential economic and financial effects to the financial statements in light of recent events.”