Tuesday, May 7, 2024

Vogon Today

Selected News from the Galaxy

StartMag

Here’s how Bono greeted Fincantieri. Facts and controversies

2 years ago babelfish

Here's how Bono greeted Fincantieri. Facts and controversies

What Giuseppe Bono said and wrote after the decision of the CDP, Mef and the government not to confirm him at the top of Fincantieri.

Air of renewal in the subsidiaries of Cassa Depositi e Prestiti. A new era will begin for Fincantieri on 16 May. Giuseppe Bono, CEO of Fincantieri since 2002, leaves the group and passes the baton to Pierroberto Folgiero, the new CEO wanted by the CDP group (which controls Fincantieri) and therefore also by the Ministry of Economy (which controls CDP). Giuseppe Zampini will follow the same path who, after 50 years of service in the Ansaldo Group and about 25 in Ansaldo Energia, leaves the company and Lorenza Franca Franzino takes his place.

WHO IS GIUSEPPE BONO

Giuseppe Bono , after a degree in economics and commerce, began his career in the Fiat-Finmeccanica group, from 1991 to 1993 he was general manager of Efim, from 1997 he was general manager of Finmeccanica and in 2000 CEO and then in 2002 the landing at Fincantieri.

THE NEW COURSE DECIDED BY CASSA DEPOSITI E PRESTITI

Cdp's decision to make a change at the top of Fincantieri was not particularly welcome to Bono who tried to stay on track to the last, thanks, as Corriere writes , also to his ties with the Quirinale and with various political sides. . The manager had tried to propose himself as president with heavy powers, sure of the positive results obtained with the latest financial statements, but Cassa Depositi e Prestiti, which controls Fincantieri at 71.3%, was adamant: the government's input, obviously, exceeded Bono's positions and expectations.

BONO'S HEARTFUL VIDEO MESSAGE

Bono had no choice but to take note of Cdp's decision and greet the “people of Fincantieri”, as he himself defines it, with a heartfelt video message addressed to the company's employees . A video message to "show you that I am there, that I still have a lot of energy", emphasizes Bono who seems to recognize the need for renewal of the company "it is right even after 20 years that we think about different things". Bono is keen to underline how huge his contribution has been to the recovery and growth of the company. “ In these 20 years I believe I have put all my managerial and human skills at the service of the company to make this company something that was unique in the world – says the manager -. Many of you will remember how it was 20 years ago, we have made it an Italian excellence in the world, we have defended it, on many occasions, we have also had misunderstandings with the staff and our union representatives but I believe that in the end we have reached compromises such that have allowed the company to move forward ".

All the latest maneuvers of Bono in Fincantieri that surprise the government

THE CONSOLIDATION OF FINCANTIERI DURING THE 20 YEARS TARGATO BONO

Bono uses the message to his followers to underline how indispensable his contribution to the company has been. “ We defended the company to consolidate it and give it prospects for the following years – he specifies -. The essence is this: the company has job prospects for the next few years. We passed the covid period brilliantly. Also receiving international praise, including from the American government. You who are on the construction sites know the investments we have made , we have made the company more efficient and more capable of competing on the international market. We have grown several generations of managers, to whom we entrust the future ".

THE LETTER TO EMPLOYEES

In a letter that Bono sends to employees , he retraces the steps that led him to the head of a group that " records about 7 billion in revenues , more than tripled compared to my arrival, and an overall workload of almost 35 billion with as many as 93 ships in the portfolio and a time horizon that takes us to the end of the current decade ". Among the key junctions was the entry into the “ American defense market with the acquisition of some shipyards . This initially allowed us to participate in consortium with Lockheed Martin, world leader in the defense sector, in a program for a new generation of US Navy ships which would prove to be the best business card for the future ”. Phase which was followed by the consolidation of the group in the cruise sector " landing in China with a joint venture together with giants such as Carnival and CSSC and, in the military field, in addition to continuing to work profitably with our Navy, we have increasingly established ourselves in the 'export, obtaining very important results for clients such as Qatar and Egypt ”.

BONO: “DEFEND THE COMPANY, WE ARE NOT PREY. PROUD TO BE ITALIAN "

And then he launches an appeal in which he asks those who remain to "defend" the company. “ I would like to make an appeal: the company must be defended – he warned -. I am convinced that you will defend it if there are any attacks that can somehow affect the company as a whole ". Probably Bono has in mind, but not explicitly, who are the actors, perhaps foreigners, who will attack Fincantieri. " We must be proud, proud of what we have done together , also having a perspective for the next few years – and it adds to the dose -. We must consolidate as a leader, it will not be easy because others will think they are the leaders, but we have all the skills to be not prey but we are the ones who have the technical skills, flexibility, to be Italian . But Italians determined not to be put on their feet because whoever comes to do the consolidation will always do it in their favor and not in Italy ". And, as far as he is concerned, he affirms that he will "always be present next to everyone, for what I can do, I will always be ready to defend it from the elements and decisions that can endanger it".

All the latest maneuvers of Bono in Fincantieri that surprise the government

THE INCLUSIVE MESSAGE FROM THE FORMER CEO OF ANSALDO ZAMPINI

Zampini greeted Ansaldo Energia's employees with an email in which, in a similar way to Bono, but perhaps with fewer personalities, he retraced the results obtained. " In a few days I will leave the company definitively , in any case with the presumption of having managed, all together, to get it out of the problems of the late nineties, to make it technologically independent, to increase its technological assets – we read -, until it is respected. on the market and recognized as one of the international leaders in its sector ". Zampini also underlines how the work at Ansaldo has brought out " professional and human qualities of all the staff " and how "a relationship, despite the different roles, of respect and mutual esteem – founding values ​​for building a great company" has been built. . Zampini concludes with the wish "to be able to continue to hold up the name of Ansaldo Energia".

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/ecco-come-bono-ha-salutato-fincantieri/ on Mon, 16 May 2022 06:46:49 +0000.