People
Textron has promoted Scott Donnelly to president, in addition to his COO role.

Textron has promoted Scott Donnelly to president, in addition to his COO role. Richard Yates, the company’s senior v-p and controller, has been named acting CFO after the recent departure of executive v-p and CFO Ted French.

Alberto Galassi has been appointed CEO of Piaggio Aero Industries. A board member since 2000, he replaces José di Mase, who will remain a member of both the company’s board of directors and executive committee. Piero Ferrari was also named Piaggio’s new chairman.