Europe

Alitalia CEO Silvano Cassano steps down

Airbus

Alitalia confirms that Silvano Cassano is to step down as Chief Executive Officer, with immediate effect. Mr Cassano, who is leaving for personal reasons, formally tendered his resignation to the Board of Directors today.
 
The Board of Directors has decided to provide the appropriate delegation of authority to the Chairman Luca Cordero di Montezemolo to exercise the powers until the appointment of a new CEO.
 
Luca Cordero di Montezemolo, Chairman of the Board of Directors of Alitalia, said: “We will now move into the next phase of our business transformation strategy under new leadership.”
 
“The company will announce a new CEO in due course. In the interim, Mr Cassano’s daily responsibilities will be split between Alitalia’s Chief Operations Officer, Giancarlo Schisano and Chief Financial Officer, Duncan Naysmith, with both reporting directly to me until the new CEO is appointed”, Mr Montezemolo said.
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