Italy likely to replace CEO of defence group Leonardo, sources say

Italy is likely to replace Roberto Cingolani as CEO of defence group Leonardo, according to two sources, as part of a broader round of appointments at state-controlled companies. The reported leadership change could prompt shifts in governance and strategic direction at Leonardo and may cause near-term stock volatility around the transition.

Analysis

Italy is likely to replace Roberto Cingolani as CEO of defence group Leonardo, according to two sources, as part of a broader round of appointments at state-controlled companies. The reported leadership change could prompt shifts in governance and strategic direction at Leonardo and may cause near-term stock volatility around the transition.