Finmeccanica denies reports CEO set to resign


Italian aerospace and defence group Finmeccanica SpA denied media reports on Thursday on a possible resignation of chairman and chief executive Pier Francesco Guarguaglini.

On Monday, Finmeccanica denied reports it had set up slush funds in Italy or abroad. The reports had sent its shares down 5 percent. Rome prosecutors have been investigating Digint, a group 49-percent owned by Finmeccanica.
“The reports on possible resignation of Pier Francesco Guarguaglini as president and chief executive of Finmeccanica are groundless,” Finmeccanica said on Thursday.

Leading Italian daily la Repubblica said there were rumours of Guarguaglini’s departure even though he was not under investigation by prosecutors handling the Digint probe, Reuters reports.

Finmeccanica is 32.4 percent-owned by the Italian state which appoints its top managers. Guarguaglini’s mandate was due to expire at the annual meeting next spring.

Finmeccanica shares were up 0.2 percent at 8.83 euros at 0842 GMT. The industrial goods sector index .SXNP was up 0.4 percent.