The Leonardo’s Board of Directors, appointed by the Shareholders’ Meeting held Thursday, met for the first time the same under the chairmanship of Francesco Macrì.

The Board, within the framework of a new organisational structure, conferred on Chairman Francesco Macrì, who has the legal representation of the Company and the corporate signature in accordance with the law and Company’s Bylaws, the following powers relating to “Group Security,” “National Institutional Affairs and Relations”, “International Affairs and Relations,” “Corporate Bodies, Governance, Integrity and Anti-Corruption,” “Institutional Communications,” “Group Foundations,” and “Sustainability and Corporate Social Responsibility.” Finally, the Chairman is responsible for overseeing the activities of the audit function, without prejudice to the prerogatives of the other parties involved in the internal control and risk management system.

The Board also appointed Lorenzo Mariani (photo) to the position of Chief Executive Officer and General Manager, granting him all the relevant powers for the management of the Company and the Group, with the exclusion of specific powers that the Board, in addition to those that cannot be delegated by law and Company’s Bylaws, has reserved for its own competence.

In addition, the Board approved the establishment of the new General Management Department, reporting directly to the Chief Executive Officer and General Manager, to be headed by Gian Piero Cutillo as Co-General Manager.

Leonardo is an international industrial group that develops multi-domain technological capabilities for global security. A key player in the major strategic programmes in Aerospace, Defence and Security, it employs over 62,000 people worldwide and operates in the Electronics, Helicopters, Aircraft, Cyber & Security and Space sectors.

The company has a significant industrial presence in Italy, the United Kingdom, Poland and the United States, and is active in 150 countries also through subsidiaries, joint ventures and investees. Leonardo is a technological and industrial partner to Governments, Defence Administrations, Institutions and businesses.

Listed on the Milan Stock Exchange (LDO), in 2025 Leonardo recorded new orders of €23.8 billion, an order backlog of €46.6 billion and consolidated revenues of €19.5 billion. Included in the MIB ESG Index, the company has also been part of the Dow Jones Sustainability Indices (DJSI) since 2010.