Economy

Assicurazioni Generali, the council tightens and closes the door to the renewal proposal from Del Vecchio and Caltagirone

The battle to control general insurance, Italy’s safe, comes alive and promises to be fully operational. At least, that’s what appears at the end cousin tour of meetings day Board renewal ends. A game that basically sees the front formed by the contributors on one side Leonardo del Vecchio NS Francesco Gaetano Caltagirone, who have just joined forces in a union agreement that indicates a change at the top and with it a change more profitability company. On the other hand there is the front part of Mediobanca, the first shareholder (not interested) in Generali who aims to replenish the current management with a slate of candidates who have been promoted by the Sierra Leone Board of Directors itself.

The meeting was recorded on Tuesday afternoon dissenting vote From about two-thirds of managers to Del Vecchio and Caltagirone’s proposal to turn the page, focusing on a manager high international standing To replace the outgoing advertisement Philip Donnett Who is like the president? Gabrielle Galtieri from Ginola, However, at the end of his second term. It is not known whether the outcome of the meeting was due to the fact that the name or the proposed strategy was not considered capable of matching the performance of the French manager or that the Mediobanca streak prevailed. Anyway, the matter was settled with a cold statement that addressed it from another point of view, leaving no room for amicable compromise.

The note stated that Generali’s non-executive directors, “take note of the readiness of Group CEO, Philip Dunnett, to serve as CEO for a third term. In light of this, the non-executive directors a The majority of they crossed Appreciation for work done and the results achieved by Philip Dunnett, welcome This availability is taken into account, in the event that the outgoing Board continues to submit a list for the renewal of the Board of Directors, and its inclusion in the above-mentioned list with the role of CEO also for the following period.”

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Therefore, at the moment, there is no agreement or compromise in sight. But to understand how far the tears come, we’ll have to wait until the end of the month, when the board will have to decide whether or not to present its slate of candidates, a choice that Dunnett will see, according to the press release. On the pole for regeneration. But this, excluding mediations that are currently unrecognizable, would result in a single upgrade List of competitors By disgruntled shareholders, with the appointment of a weak starting point. None, in short, hopes to be the country’s most important financial center at the moment of recovery.

Thelma Binder

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