Leonardo S.p.A.

LDO

IT0003856405

Aerospace & Defense

Real-time Borsa Italiana Other stock markets 08:51:02 09/06/2026 pm IST			5-day change	1st Jan Change
52.28 ^EUR	+1.73%		-0.13%	+6.33%

11:44am	European Defense: Why are investors pulling back despite record order books?
09:32am	Italy - Factors to watch on June 9	RE

Leonardo: Cingolani to receive over EUR4 million with no non-compete clause

Published on 05/11/2026 at 04:43 pm IST

Alliance News - Translated by Marketscreener - See original

LEONARDO S.P.A.

+1.73%

(Alliance News) - Leonardo Spa announced on Monday the details regarding the termination of Roberto Cingolani's tenure as Chief Executive Officer and General Manager, whose mandate concluded on May 7 after leading the group since May 9, 2023.

The company explained that the board of directors has implemented the provisions set out in the remuneration policy approved by the shareholders' meeting, proceeding with a consensual termination agreement of Cingolani's executive employment relationship.

The agreement provides for a total gross severance payment of approximately EUR4.5 million, equivalent to 24 months of fixed and short-term variable remuneration, to be paid by July.

Leonardo further specified that Cingolani will retain, on a pro-rata temporis basis until the termination date, the rights linked to previously assigned incentive schemes, subject to the achievement of the established performance targets.

Finally, the company highlighted that no post-employment non-compete obligation has been established, and therefore no additional compensation will be paid in this regard.

Leonardo's shares are trading down 4.0% at EUR51.01 per share.

By Antonio Di Giorgio, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Chart Leonardo S.p.A.

Duration

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Company Profile

Leonardo S.p.A. is one of the European leaders in the design, manufacturing and marketing of aerospace defense systems. Net sales break down by family of products as follows: - defence systems (38.9%): weapons, radars, etc.; - helicopters (59.8%): civilian and military; - aeronautical equipment (21.7%): aircraft, etc.; - space systems (5,1%); - cybersecurity solutions (3.5%); - other (1%). At the end of 2025, the group had 131 production sites located in Italy (61), the United Kingdom (9), the United States (27) and in other countries (34). Net sales are distributed geographically as follows: Italy (23.3%), the United Kingdom (13.1%), Europe (16.8%), the United States (23.2%) and other (23.6%).

Employees

65,455

Sector

Aerospace & Defense

Calendar

22/06 - Ex-dividend date - 0.63 EUR

More about the company