FINCANTIERI: MUTUAL RESOLUTION OF THE EMPLOYMENT RELATIONSHIP WITH FABIO GALLIA
AND APPOINTMENT OF THE CHIEF EXECUTIVE OFFICER PIERROBERTO FOLGIERO AS NEW GENERAL MANAGER
30 June 2022
Rome, 30 June 2022 – The Board of Directors of FINCANTIERI S.p.A. (“Fincantieri” or the “Company”) met today under the chairmanship of Claudio Graziano and approved, with the favourable opinion of the Remuneration Committee, the mutual resolution of the employment relationship with its General Manager, Fabio Gallia, effective from today, due to new professional opportunities the Manager has decided to take. Fincantieri sincerely thanks Fabio Gallia for the contribution to the Company's growth that he gave with professionalism and passion.
The agreement provides a termination payment compliant with the Company’s Policy on remuneration and fees paid, available on the Company’s website, including (i) a settlement on the contractual amount provided for the resolution of the employment relationship and (ii) a fee for the waiver of all claims, rights related to his employment relationships and its resolutions, including rights related to fixed variable and/or incentive remuneration or for any other rights. The agreement also provides claw-back clauses in line with market best practice.
The Board of Directors has also decided to appoint Pierroberto Folgiero, Chief Executive Officer, as Company’s General Manager.
In compliance with the provisions of Consob Regulation 17221/2010 on related-party transactions, the above mentioned decision – given the existence of the requirements set out in Article 13, paragraph 3, letter b of the Regulation – benefits from the exemption from the application of the procedural rules pursuant to the regulation on related party transactions approved by the Board of Directors on 10 June 2021.