Carlo Luzzatto to take over as RINA boss

The appointment is set to be formalised by the end of the year, coinciding with Fondo Italiano d’Investimento’s acquisition of a minority stake of up to 33% in RINA. The capital injection is aimed at supporting RINA’s international growth and the Group’s intention to make its stock market debut within the next three to five years.

Ugo Salerno will retain his position as executive president and continue to play an integral role in running the company.

Mr Luzzatto has more than 30 years of experience from the energy, aerospace and infrastructure sectors, holding senior leadership positions, both in Italy and internationally, at public and private companies including General Electric, Ansaldo Energia, Chromalloy and Impresa Pizzarotti.

Registro Italiano Navale chairman Paolo d’Amico said, “We are very pleased to welcome Carlo Luzzatto, who will be appointed chief executive of RINA during the next board of directors’ meeting. We are confident Mr Luzzatto, as chief executive, and Mr Salerno, in the role of executive president, will provide further momentum to RINA’s already brilliant growth trajectory.”

Fondo Italiano d’Investimento chief executive Davide Bertone remarked, “Carlo Luzzatto has the essential expertise and experience for the next growth phase of RINA. Together with Ugo Salerno and Registro Italiano Navale, we are delighted to secure his commitment and look forward to welcoming him on board immediately.”