AgustaWestland becomes part of Finmeccanica-Helicopters
Finmeccanica, the leading Italian Industrial group operating in the high-technology marketplace will become a single entity from January 2016.
This “One Company” concept was launched by Mauro Moretti, CEO and general manager in June 2014.
Finmeccanica will have a new governance and operating model, organised into four sectors and seven divisions, replacing the previous model of a holding company of separately controlled businesses.
“We are extremely proud of the work we have done, which has allowed us to introduce the new organisational and operational model of the group within the established timeframe.”
Moretti said: “We are extremely proud of the work we have done, which has allowed us to introduce the new organisational and operational model of the group within the established timeframe. The divisionalisation will increase the efficiency and effectiveness of Finmeccanica’s activities, reducing management costs by maximising economies of scale and synergies. As a unified entity, Finmeccanica consolidates its competitive position in the increasingly complex global aerospace, defence and security market, bringing to bear leadership in technology and products, leadership that is strengthened by being part of a single large international industrial group.”
From 15 May 2014, when the new Board of Directors was appointed, Finmeccanica’s new path, and the One Company model has been received positively by the international financial markets: today the shares of the company have increased by around 120% on the stock market.