The New Governance Structure
In line with its growth in size and strategic scope, and in view of its production commitments and the responsibilities it holds at both national and international level, G.C.F. S.p.A. and GEFER S.p.A. have launched a significant process to strengthen their governance by adopting a more robust and efficient organizational model, designed to ensure transparency, strategic consistency, and effective management.
In July 2023, a collegial Board of Directors was established, composed of three members with specific delegated responsibilities:
- Prof. Tiziano Onesti, Chairman of the Board of Directors, with responsibility for institutional relations in Italy and abroad;
- Dr. Giuseppe Brecciaroli, Managing Director, acting as Executive Director;
- Dr. Donato Maria Pezzuto, Managing Director, with responsibility for Legal Affairs, Compliance, and Internal Audit.
The overall organizational review carried out in 2023 and reaffirmed in 2026 aims at a clearer allocation of roles and responsibilities, with the objective of optimizing operational efficiency and strengthening the internal control system-further reinforced through the appointment of independent directors. This approach is intended to improve corporate performance and consolidate leadership in the railway sector, with a strong focus on technological innovation and economic, social, and environmental sustainability.
This evolutionary path continued in the following months through further initiatives aimed at consolidating the organizational structure and enhancing corporate performance.
In particular, the corporate architecture was strengthened through the introduction of new functions, including Compliance and Internal Audit, to support the implementation of integrated and efficient Internal Control and Risk Management Systems (ICRMS). In addition, the Organization and Sustainability functions were established to more effectively address emerging strategic issues and strengthen internal expertise in these areas.
