Fincantieri Marine Group announces CEO succession
Fincantieri Marine Group announced August 2 that, following a successful six‐year tenure as the company’s President and Chief Executive Officer, Francesco Valente has announced his intention to step down from the position to assume another leadership role within the Fincantieri group. As a result, the board has selected Dario Deste to assume the role of President and Chief Executive Officer. Valente and Deste are working together to ensure an orderly transition, which is expected to be completed before the end of the year.
Valente joined Fincantieri in early 2012 as Senior Vice President for Business Development‐Naval, before being appointed as President and CEO of Fincantieri Marine Group the following May. During his time in this role, he has led the company through a period of growth and sound operational discipline. Among the highlights are the acquisition of multiple commercial and government contracts, as well as the stable growth in employment and the receipt of several safety awards.
Deste has nearly 30 years of industry experience, including 11 years with Fincantieri. A former Navy officer, he has played a key role in developing the company’s international presence. Since 2014, he has been CEO of Fincantieri Marine Systems North America, a company providing maintenance and repair support services on several U.S. Navy programs.