US-based Fincantieri Marine Group names new CEO

Fincantieri Marine Group (FMG) the US-based subsidiary of Fincantieri has appointed George A Moutafis as Chief Executive Officer, effective July 1, 2025.

The leadership transition of Fincantieri’s US subsidiary has been led by the global group’s CEO and General Manager Pierroberto Folgiero.

Fincantieri said the naming of its new CEO for FMG in the US "comes at a pivotal moment for the US shipbuilding industry, as the new US administration places renewed strategic emphasis on strengthening domestic naval capabilities".

"In this context, Fincantieri reinforces its long-term commitment to the United States by appointing a seasoned US executive with deep expertise in defense, naval manufacturing, and international industrial transformation," the company said.

According to his Fincantieri bio, George Moutafis brings over 25 years of executive experience across strategic planning, programme management, and industrial restructuring, with a distinguished track record in both the public and private sectors.

Mr Moutafis’ background includes leadership roles in major defense and manufacturing organisations, most recently as Chief Operating Officer and General Manager of Beretta USA Corp. He also previously held leadership roles within FMG, contributing to innovation and programme execution in support of US Navy platforms.

"His background in defense and naval manufacturing, combined with his international perspective, and his proven ability to drive operational and financial management, aligns with the Group’s strategic direction in response to shifting priorities in the broader US institutional and industrial context," the company said.

Fincantieri has been operating in the United States for more than 15 years, with four shipyards and a workforce of approximately 3,000 people. Over this period, the group said it has invested more than US$800M in its US shipbuilding operations, of which over half was specifically allocated to upgrading and expanding the Marinette yard in Wisconsin.

"This strategic presence underscores the Group’s enduring commitment to supporting the US Navy and contributing to the country’s industrial base," Fincantieri said.