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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 06.27.16

Airborne 06.28.16

Airborne 06.29.16

Airborne 06.23.16

Airborne 06.24.16

Airborne Hi-Def On YouTube

Airborne 06.27.16

Airborne 06.28.16

Airborne 06.29.16

Airborne 06.23.16

Airborne 06.24.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

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

Airborne 06.27.16: Blue Angels Return, LI UAV Ban, NJ Jet Fuel Tax

Also: Gone West-Thomas Wathen, Boeing 747-8, FAR 107 Course, Teamster Pilots, C Series, Yuneec Typhoon H, Embraer We are happy to announce that the U.S. Navy Blue Angels will retur>[...]

Airborne 06.24.16: ADS-B Analysis, NavWorx Price Drop, ALPA v Transport Canada

Also: Porker Of The Month, Aviation BBB?, Super Puma, AirVenture Events, FedEx 767s, Solar Impulse, Sikorsky Flight Safety Foundation has released the study "Benefits Analysis of S>[...]

Airborne 06.27.16: Blue Angels Return, LI UAV Ban, NJ Jet Fuel Tax

Also: Gone West-Thomas Wathen, Boeing 747-8, FAR 107 Course, Teamster Pilots, C Series, Yuneec Typhoon H, Embraer We are happy to announce that the U.S. Navy Blue Angels will retur>[...]

United, AFA Reach Agreement For Flight Attendants

Brings All FAs Into A Single Work Group For Collective Bargaining An agreement on terms of a joint contract that would bring the airline’s more than 25,000 flight attendants >[...]

ANN's Daily Aero-Linx (06.28.16)

FAA Online N Number Registry Renewal This site is provided to allow the renewal of a currently reserved N-number.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC