Rome, Italy - February 18, 2015, Rome, Italy - Fincantieri, a shipbuilding company, announced unification of the Corporate General Management Unit, assigned to Vitaliano Pappaianni, and the Operations General Management Unit, assigned to Enrico Buschi, into a single General Management Unit.
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The board, resolved to appoint as General Manager Andrea Mangoni, already member of the Company's Board of Directors since June 2013, who will take up his new role by March 2015.
Following the new appointment, Mr. Mangoni maintains his role as member of the Board of Directors but resigns from the Board Committees.
Mr. Pappaianni and Mr. Buschi will maintain their current roles as Chairman and Chief Executive Officer of SEAF S.p.A. and as Chief Executive Officer of Fincantieri Oil & Gas S.p.A respectively, both companies are controlled by Fincantieri.
Since 2013 Mr. Mangoni has been independent member of the Board of Directors of Prelios S.p.A., while since July 2009 he has been an independent member of the Management Board and Investment Committee of Marguerite SGR, which manages the infrastructure fund of the European Investment Bank, as well as a Director of Amber Capital Italia SGR S.p.A.
Mr. Mangoni is also the Chairman of the Board of Directors of Energia Italia S.p.A. and director of Tirreno Power S.p.A., and member of the Board of Directors of Sorint International B.V. (Den Haag) and Volterra S.A. (Athens).
Mr. Mangoni started his career working on restructuring projects in Brazil and Argentina for the Inter-American Development Bank (World Bank Group). From 1996 to 2003 in Acea S.p.A. he was in charge of Corporate Finance (coordinating activities related to the listing of the company) and Planning & Control activities, then Director of Strategic Planning and lastly Group Chief Financial Officer.
After being appointed General Manager in 2003, from 2003 to 2009 Mr. Mangoni was Chief Executive Officer of Acea Electrabel S.p.A. From 2009 to 2012 he was Executive Chairman and Group Chief Financial Officer of Sparkle S.p.A., the company managing the international traffic and network of Telecom Italia.
From 2012 Mr. Mangoni was General Manager, responsible for guiding and controlling the operations of TIM Brasil-of which he was also the CEO - and Telecom Argentina. From 2013 to 2015 he was Chairman and Chief Executive Officer of Sorgenia S.p.A.
Mr. Mangoni graduated in Business Studies in 1988. Since June 2013 he has been member of the Board of Directors of FINCANTIERI S.p.A.
Currently Mr. Pappaianni is on the board of directors of Fincantieri Oil & Gas S.p.A. and he is Chairman and Chief Executive Officer of SEAF S.p.A.
Mr. Pappaianni started his career in 1977 with Alitalia in the Central Division of Finance and Control, then moved to IRI as part of the Central Inspectorate. In October 1987 he moved to Finmeccanica, where he held various positions within the group including Head of Planning and Control for Finmeccanica S.p.A. and General Manager of Ansaldo Breda.
In September 2008 Mr. Pappaianni joined Fincantieri as Head of the Management System Directorate within the Merchant Ships Department. From 2010 to 2015 was General Manager of Fincantieri. Mr. Pappaianni holds a degree in Statistics and Actuarial Science.
Mr. Buschi is on the board of directors of Vard Group AS and he is Chief Executive Officer of Fincantieri Oil & Gas S.p.A.
Mr. Buschi started his career in 1974 in Italcantieri. From December 1988, he was Head of the Special Ships Product Line of the Merchant Construction Division of the Commercial Sector, from October 1990 Deputy Director of Head Office Commercial Coordination in General Management, and from February 1992 Director of the Special Ships Product Line of the Merchant Construction Division. ■