Board of Directors

The Company’s Board of Directors is the central body of the Company’s corporate governance system, since it is vested with the broadest powers for the ordinary and extraordinary management of the same, including the definition of the strategic, organizational and control guidelines of the Company and the Group.

Pursuant to the Fincantieri’s By-laws, the Board of Directors is composed of seven or more members, up to a maximum of thirteen members, appointed by the Shareholders’ Meeting. The Shareholders’ Meeting determines the number of Board members within the abovementioned limits from time to time.

The Directors remain in office up to three financial years, as determined by the Shareholders’ Meeting at the moment of their appointment. The Directors may be reappointed.

The Board of Directors shall elect a chairman among its members, unless the appointment has already been made by the Shareholders’ Meeting.

The Board of Directors currently in office for the three years period 2025-2027, will remain in office until the Shareholders’ Meeting for the approval of the financial statements as at 31 December 2027 and is composed of 10 members.

The Board of Directors was elected by the Shareholders’ Meeting of 14 May 2025 based on slates submitted by Shareholders.

On May 14, 2025, the Board of Directors appointed Pierroberto Folgiero as CEO of Fincantieri.

Seven Directors out of the ten members of the Board meet the independence requirements provided for by Legislative Decree No. 58 of 24 February 1998, by the By-laws and by the Corporate Governance Code.