Mediobanca News

Update: Who’s Who in Generali’s CEO Election Drama

Philippe Donnet, who has been CEO at Europe’s third-largest insurer since 2016, is running for reappointment with the backing of Generali’s outgoing board and its leading shareholder Mediobanca. Donnet’s candidacy is opposed by Italian tycoon Francesco Gaetano Caltagirone, Generali’s second-largest …

Generali’s Shareholders to Decide CEO Donnet’s Fate at Friday’s AGM

Generali’s shareholders will decide the future of the Italian insurer’s CEO Philippe Donnet in a vote on Friday, after a rebel investor locked in a bitter power struggle proposed a rival. Donnet, chief executive of Generali since 2016, has been …

Major Generali Investor Norges Backs Reappointment of CEO Donnet

Norges Bank Investment Management, one of the main institutional investors in Generali GASI.MI, backs the reappointment of CEO Philippe Donnet, a proxy voting record on the website of the company running Norway’s sovereign wealth fund showed. Shareholders in Italy’s biggest …

Generali Shareholders Urged to Back Reappointment of CEO Donnet

Leading investor advisers have recommended shareholders at Generali back the proposal by the Italian insurer’s outgoing board to hand CEO Philippe Donnet another term at the helm, documents showed on Saturday. In reports issued by Institutional Shareholder Services (ISS) and …

Rebel Generali Investor Could Mount Legal Challenge if Bid to Remake Board Fails

A rebel investor in Generali could mount a legal challenge if his bid to appoint new top executives at Italy’s largest insurer loses by a narrow margin in a shareholder vote this month, a candidate for the chairman’s role said. …

Generali Investor Del Vecchio Backs Change in Insurer’s Leadership

Italian tycoon Leonardo Del Vecchio is backing a push for a change in leadership at Assicurazioni Generali SpA, saying that a proposed slate of new managers put forward by investor Francesco Gaetano Caltagirone could free the way for a major …

Generali Fires CEO Donnet’s Internal Rival as Power Struggle Continues

Generali has fired executive Luciano Cirina, who is challenging incumbent Philippe Donnet for the role of chief executive, with immediate effect for alleged breach of contract, Italy’s largest insurer said on Monday. Cirina, who was Generali’s head of Austria and …

Update: Challengers to Generali’s Management Target Higher Growth, Bigger M&A

The rebel challengers to Generali’s current management pledged to grow earnings by double figures through cost cuts and free up more cash for M&A deals for Italy’s largest insurer. Generali is facing a power struggle over its board composition at …

Generali Investor Wants Insurer to Be Multinational ‘With Italian Sovereignty’: Report

Francesco Gaetano Caltagirone, a leading investor in Generali, wants Italy’s top insurer to grow into a big multinational “with Italian sovereignty,” the business tycoon was quoted as saying on Friday. Generali is facing a power struggle over its board composition …

Generali Suspends CEO Donnet’s Internal Rival in Ongoing Power Struggle

Insurer Generali said on Wednesday it had suspended Luciano Cirina, its head of Austria and CEE countries, who has been proposed by a leading shareholder for the role of chief executive in a challenge to incumbent Philippe Donnet. The top …