Alessandro Profumo, former CEO of Italian bank Unicredit, has been tapped by the Italian government to succeed Mauro Moretti as CEO of Leonardo, Defense News reported Saturday.
A spokesman for Italy’s finance ministry told Defense News that Profumo will work to support the state-controlled defense contractor™s business development efforts in the international market, Tom Kington wrote.
Profumo became CEO of Unicredit in 1998 and helped oversee the growth of the bank™s workforce to at least 162,000 employees in more than 20 countries prior to his departure in 2010.
Moretti was responsible for the integration of the firm™s semi-autonomous units into one division and the change of the company™s name to Leonardo from Finmeccanica during his three-year term, Kington noted.
Profumo™s appointment comes weeks after Leonardo agreed to purchase Daylight Solutions through its U.S. subsidiary DRS under an equity deal worth $150 million and nearly two months after it ended its partnership with Raytheon (NYSE: RTN) to compete for the U.S. Air Force™s T-X trainer aircraft program.
