RINA Launches Management Shareholding Scheme

(Press Release)
Friday, June 01, 2012

International classification society RINA has introduced a management shareholding scheme which will increase group capital by Euro 12 million and give managers across the group the opportunity to share in RINA’s growth.


In the first tranche almost 50 per cent of the available shares have been taken up by 90 managers, who have paid Euro 6 million for 2,840 shares, around 5 per cent of the group capital. A further tranche of 3,000 shares will be released to staff over the next four years.

Ugo Salerno, Chairman and CEO of RINA Group says, “In the last year we have made a number of significant acquisitions, increasing group turnover by 50 per cent, and radically overhauled our internal structures so that we set innovation free. This scheme gives our managers a chance to buy into the growth of RINA. It provides the group with new capital to fund further acquisitions and at the same time gives our key staff a stake in their own future. Being a shareholder is truly motivating and the scheme will benefit both the individual investors and the group as a whole. An exciting internal dialogue is now underway in RINA, creating a climate for innovation and creativity. There is a positive feeling everywhere that with our new structures and new partners and now this staff shareholding scheme we can do more for our clients in more places.”

The RINA group diversified strongly last year and invested more in areas of the world with growing economies, ending the year with a turnover of Euro 249 million. That is expected to surpass Euro 300 million in 2012.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

U.S. Awards $61.8 Mln for Port Projects

U.S. Transportation Secretary Anthony Fox today announced 40 awards totaling nearly $500 million in funding for the  FY 2016 Transportation Investment Generating Economic Recovery (TIGER) grants.

Moody's: Challenges Ahead for Asian Port Operators

Moody's Investors Service says lackluster global growth, weak commodity prices, high capital expenditure commitments and a liner industry struggling with overcapacity

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

Classification Societies

Brown Named Bureau Veritas Communications Director

Nick Brown has been appointed Bureau Veritas’ new Communications Director, Marine & Offshore Division, the classification society announced.    Brown will take up the post from November 2,

Drones: Is the Maritime Industry Ready?

Unmanned aerial systems (UAS), or “drones” in common parlance, are not a part of the historical maritime vocabulary. At least not yet. While the term “drones” may conjure images from science fiction,

AkzoNobel Acheives ISO 19030 Compliance

AkzoNobel’s Marine Coatings business has outlined for the first time its full compliance with ISO 19030, the new standard for measuring hull and propeller performance.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0596 sec (17 req/sec)