Italy's Fincantieri Marine Group Names New US CEO, Enhancing Domestic Naval Capabilities

Fincantieri Marine Group (FMG) appoints George A. Moutafis as new CEO, effective July 1. Fincantieri follows other builders in deepening commitment to U.S. shipbuilding. Moutafis brings 25 years of experience, focusing on U.S. Navy platform innovation and execution. Trump administration emphasizes bolstering domestic naval capabilities.

FMG CEO change coincides with Trump administration’s focus on naval capabilities. Fincantieri invests $800 million in U.S. shipbuilding, enhancing Marinette shipyard in Wisconsin. Marinette plans to build icebreaker ships as U.S. eyes new Arctic trade routes and defense against Russia.

South Korea’s Hanwha Shipping, HD Hyundai, and Chantier Davie Canada Inc. own or are in talks to buy U.S. shipyard assets. Fincantieri has been in the U.S. for over 15 years, investing significantly in shipbuilding operations. The company aims to remain innovative and efficient in the U.S. shipbuilding industry under Moutafis’s leadership.

Read more at Yahoo Finance.: Italy shipbuilder appoints new US chief