(Alliance News) - Leonardo Spa let it be known Thursday that, following the new organizational reorganization announced at the outcome of the board of directors meeting held on May 9, 2023, which proceeded to revoke the powers delegated to Lucio Valerio Cioffi as general manager, "the company and Cioffi have identified a consensual solution for a progressive path of exit from the company."

Cioffi, Leonardo points out, will continue to maintain his employment relationship with the company as an executive until the completion of the shared path and, consequently, there are no severance payments, no allocation of indemnities or other benefits related to the termination of the position.

Leonardo closed Thursday in the red by 0.03 percent to EUR10.64 per share.

By Chiara Bruschi, Alliance News reporter

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