(Alliance News) - The second consecutive term as CEO of Leonardo Spa officially ended 10 days ago for Alessandro Profumo, who is due no severance or other compensation, the company explained Friday.

Profumo has no non-compete obligations and will only retain rights related to the company's short-term and long-term incentive systems.

Leonardo's stock is at parity at EUR11.32 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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