Leonardo S.p.A.'s shareholders' meeting has approved the company's 2025 financial statements and its remuneration report, and appointed a new Board of Directors with Francesco Macrì as Chairman. The decisions, announced by the Italian aerospace and defence group, close out the company's annual corporate governance cycle and set its leadership for the coming mandate.

The meeting delivered three binding outcomes:

• Approval of the 2025 financial statements
• Approval of the remuneration report
• Appointment of the new Board of Directors, with Francesco Macrì named Chairman

What does the shareholders' vote change?

The approval of the financial statements gives formal shareholder sign-off to Leonardo's reported results for 2025. For a listed industrial group of Leonardo's scale, this vote marks the point at which the accounts become final for governance purposes. The same meeting cleared the remuneration report, the document that sets out how the company pays its directors and senior management.

The governance decision carries the more immediate consequence. Shareholders replaced the outgoing board and seated a new one, and the appointment of Francesco Macrì as Chairman places a new figure at the head of the body that supervises strategy, controls and executive appointments at one of Europe's largest defence and aerospace manufacturers.

Who is Francesco Macrì?

Macrì takes the Chairman's seat following the vote. The shareholders' meeting, as Leonardo's highest decision-making body, holds the exclusive power to appoint directors, and it exercised that power in naming him to lead the new board. The company's announcement confirmed his appointment alongside the approval of the financial statements and remuneration report.

The Chairman role at Leonardo carries responsibility for board leadership and the integrity of the group's governance, at a company that operates across aerospace, defence and security and remains a central player in European industrial policy.

Why does the board renewal matter now?

The arrival of a new board and a new Chairman resets the group's decision-making structure at a moment when defence budgets and industrial consolidation dominate the European agenda. Leonardo's governance calendar now proceeds with the new board in place, chaired by Macrì, with the approved financial statements and remuneration framework behind it.

For investors and counterparties, the outcome removes uncertainty over both the accounts and the leadership. The company moves forward with:

• A board mandated by shareholders at the annual meeting
• A Chairman, Francesco Macrì, elected by the new board structure confirmed in the announcement
• Financial statements for 2025 formally approved
• A remuneration report endorsed by the shareholder base

What happens next?

The new board, under Macrì's chairmanship, now assumes its duties. Leonardo's announcement covers the approvals and appointments; further detail on board composition and committee assignments follows the company's standard disclosure channels. The 2025 accounts stand approved, the pay framework stands approved, and the leadership question is settled. Leonardo enters its next mandate with its governance fully renewed.