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Finmeccanica SpA approves guidelines to implement Group's new Organizational and Operating Model

Thursday, 19 Jun 2014 05:07pm EDT 

Finmeccanica SpA:Says the Board approved the guidelines to implement the new Group Organizational and Operating Model.The Model encompasses in the new perimeter operating companies, 100 pct owned, of the Aerospace and Defence core business.These companies will be transformed into divisions of the new Finmeccanica, which will on the one hand be an operating company founded on divisions, and on the other, maintain its role as Parent Company and corporate center for those companies which are not part of the divisionalisation process.Says these are the companies undergoing strategic evaluation (the Transportation sector and FATA), International Joint Ventures in Space (Thales Alenia Space and Telespazio) and in the missile sector (MBDA) and DRS Technologies (under Proxy).The execution of the new Model, to be completed by end of 2015, will start in by transferring the registered headquarters and offices of the CEOs of the operating companies involved to the Finmeccanica HQ and by rationalizing international offices established in key markets.Says the Board of Directors of Finmeccanica also resolved to establish the new Analysis of International Scenarios Committee, to replace the previous Strategy Committee. 

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