AgustaWestland's Bruno Spagnolini Removed From Position As Scandal Grows | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne On ANN

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.24.17

Airborne-HD On YouTube

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.24.17

Tue, Feb 26, 2013

AgustaWestland's Bruno Spagnolini Removed From Position As Scandal Grows

Head Of Finmeccanica's Helicopter Division Replaced By Daniele Romiti

The bribery probe that cost Finmeccanica CEO Giuseppe Orsi his job has now led to the ouster of AgustaWestland head Bruno Spagnolini as an investigation into a deal with the Indian government deepens.

Finmeccanica has delayed the release of its financial results until April as the company continues its reorganization following the arrest of Orsi on tax evasion and fraud charges. Orsi has been implicated in a possible bribery scheme related to the sale of 12 AW101 aircraft to the government in India.

In a news release, Finmeccanica said that it has increased the number of Surveillance Body members up to a maximum of five while centralizing the Group’s Internal Audit activities, in order to exercise a more direct and incisive internal control over the correctness of the processes adopted by the Group companies. It further announced that Daniele Romiti has been nominated as Chief Executive Officer of AgustaWestland N.V., replacing Bruno Spagnolini, who is under house arrest, according to a report appearing in Bloomberg News.

The company has shared the new organizational structure of Finmeccanica S.p.A, proposed by the Chief Executive Officer and Chief Operating Officer Alessandro Pansa, aiming at its simplification to achieve the best operating efficiency, and approved the centralization of the Group’s indirect procurement, including ICT procurement and insurance policies, for these latest a competitive process will be activated.

Finmeccanica said it is determined to continue with the implementation of the restructuring plan of the Group, in particular in some areas of activity, in order to achieve a significant and sustainable recovery of profitability and the ability to generate cash flow.

FMI: www.finmeccanica.com

Advertisement

More News

Counting Down! ANN's Infamous April 1st Edition's Just Around The Corner!

Get Your Wacky Ideas In NOW! ANN E-I-C Note: Folks... we gotta warn you... our Annual April 1st Editions are LEGENDARY -- and this WILL be our best April 1st Edition yet. Based on >[...]

Daher Salutes The Service Entry Of Asia’s First TBM 930 Very Fast Turboprop

New Owner Upgrades From A TBM 850 Daher has announced the service entry of the initial TBM 930 based in Asia. It was delivered in December to Anutin Charnvirakul, who previously ow>[...]

Airborne 02.23.17: Sonaca 200, Yuneec H920 Plus, SpaceX Delays Mars Mission

Also: NextGen Blimps, AEA/HAI Coverage, L-39 Suit, Drone User Group, Red Arrows Pilot Inquest, 2nd T-50A, Steve Fossett Honored Sonaca Aircraft is getting ready to start certificat>[...]

Airborne 02.22.17: CAF Dixie Wing P-63A, AF1 Price Cut, SLS Manned Flt?

Also: Drone Light Show, Remotely Piloted Helos, TFR Busts, Gulfstream, XTI Aircraft, CA Airlines, Icelandair After more than 40 years since it’s last flight, the Commemorativ>[...]

Airborne 02.23.17: Sonaca 200, Yuneec H920 Plus, SpaceX Delays Mars Mission

Also: NextGen Blimps, AEA/HAI Coverage, L-39 Suit, Drone User Group, Red Arrows Pilot Inquest, 2nd T-50A, Steve Fossett Honored Sonaca Aircraft is getting ready to start certificat>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC