Giuseppe Bono, former CEO of the Italian shipbuilder Fincantieri, has passed away. He was 78.

“Italy mourns the death of Giuseppe Bono, historical guide of Fincantieri and a leading figure in the Italian industry. A painful loss for the whole nation. I extend to his family the most sincere condolences from me and from the Italian Government," Prime Minister Giorgia Meloni wrote on Twitter.

Bono received several honours, including one of Legion d’Honneur in France, an Italian news agency report said