Spagnolini Out as AgustaWestland CEO, Replaced by COO Romiti

 - February 26, 2013, 3:40 PM

On Thursday, Finmeccanica’s board nominated Daniele Romiti as the new CEO of subsidiary AgustaWestland, replacing Bruno Spagnolini. Romiti, who was promoted from COO, has since been endorsed for the position by AgustaWestland’s own board. Spagnolini and Giuseppe Orsi, CEO of AW parent Finmeccanica, were arrested February 12 as part of an ongoing bribery investigation involving the sale of 12 AW101 VIP helicopters to the government of India. Neither has been formally charged.