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Activist Investor Slams Italian Government's CEO Change Plan

4/7/2026

Summary

Story summary

Guy Wyser-Pratte, activist investor, criticized the Italian government's plan to replace Leonardo SpA Chief Executive Roberto Cingolani, saying it risks shareholder interests.
Cingolani has led a successful turnaround at Italy's largest defense contractor, and shares fell 7.2% amid the announcement.
Prime Minister Giorgia Meloni's push for change follows a recent referendum defeat, weakening her political position.
Potential successors include Alessandro Ercolani and Lorenzo Mariani, with a new CEO expected soon.

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Story summary

Guy Wyser-Pratte, activist investor, criticized the Italian government's plan to replace Leonardo SpA Chief Executive Roberto Cingolani, saying it risks shareholder interests.
Cingolani has led a successful turnaround at Italy's largest defense contractor, and shares fell 7.2% amid the announcement.
Prime Minister Giorgia Meloni's push for change follows a recent referendum defeat, weakening her political position.
Potential successors include Alessandro Ercolani and Lorenzo Mariani, with a new CEO expected soon.