(Alliance News) - Official confirmation is still pending, but the market has already delivered its verdict: Leonardo shares plunged 8.1% following reports that CEO Roberto Cingolani may not be reappointed.
As reported by La Repubblica on Wednesday, the reshuffle of state-owned enterprises remains a point of contention between Meloni, Salvini, and Tajani. However, a leadership change at the defense giant threatens to inject uncertainty after a period of stellar performance, with the stock gaining 400% over the last three years.
Among the potential successors, Lorenzo Mariani of MBDA Italia, seen as close to Defense Minister Crosetto, has emerged as a frontrunner. An alternative candidate is Stefano Donnarumma of Ferrovie dello Stato (FS), backed by Salvini, who is also looking to overhaul the top management at the railway operator.
At Eni, Claudio Descalzi appears certain to be confirmed, while General Andrea De Gennaro is tipped for the chairmanship. Negotiations are also underway regarding Enel, Terna, and ENAV, involving complex political trade-offs within the ruling coalition.
Matteo Del Fante is expected to remain at the helm of Poste Italiane, as is Flavio Cattaneo at Enel, with Paolo Scaroni likely to stay on as chairman. In total, more than 150 state-controlled entities are facing board renewals.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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