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September 13, 2024
Titan, a bi-coastal company providing ship repair and marine and complex fabrication services, appointed Francesco Valente as CEO. Valente will replace Jim “Marco” Marcotuli, who is retiring after five years leading the company and nearly five decades as a leader and executive in the aerospace, defense and manufacturing sectors. Valente joins Titan with more than 20 years of experience running business operations globally, including as CEO of Fincantieri Marine Group, the parent company's U.S. shipbuilding and ship repair operation. He joins Titan from Beretta, where he has led U.S. operations since 2019. Valente will join Titan on Sept. 23, with Marcotuli taking on a role as a board member and advisor. Valente will be based at Titan's headquarters in Portland. Titan Acquisition Holdings was formed in 2019. Titan is the parent company of Vigor, operating in Portland, Seattle, Ketchikan and Hawaii; MHI Holdings, based in Norfolk, Virginia; and Continental Maritime of San Diego.