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

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Oshkosh Day Five

Airborne Hi-Def On YouTube

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Oshkosh Day Five

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 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 07.28.16-Oshkosh Day 4: Mike Huerta Addresses Oshkosh, King Schools

Also: Evolution Aircraft, Sporty’s/Savvy Breakdown Assistance, Comprehensive Jack Pelton Interview, Part 4 FAA administrator Michael Huerta came to town at EAA AirVenture 201>[...]

Dynon Avionics Certifies Outstanding Osh16 Special Event Coverage!!

Leading Edge Sport Avionics Company Pushes The Envelope For Both Sport and General Aviation Markets! Founded in 2000, Dynon Avionics’ mission is to create the best avionics a>[...]

Pilot Training System Teaches Us The Way To Oshkosh 2016 Special Coverage!

Pilot Training System Has A Knack For Educating Aviators... Via Innovative Programs Established in 2011, Pilot Training System’s (PTS) online flight-training solution provide>[...]

Only Sporty's!!! Sporty's Pilot Shop Helps ANN Cover Oshkosh 2016!

Sporty's Pilot Shop Is A Pivotal GA Resource! Sporty’s Pilot Shop was founded over 50 years ago by a flight instructor, and ever since has been for pilots and by pilots. Hal >[...]

Trig Avionics Stacks The Deck To Provide ANN's OSH16 Special Event Coverage

Trig Excels In Affordable Avionics That Fit YOUR Panel! Trig Avionics are experts in the design and manufacture of compact and innovative certified avionics for light aviation. Our>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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