The Italian insurer could face a change in the executive suite.
(Photo: Reuters)
Berlin According to insiders, two major shareholders of the Italian insurer Generali are preparing to replace CEO Philippe Donnet and board member Gabriele Galateri di Genola. This is the background to a pact that the investors Francesco Gaetano Caltagirone and Leonardo Del Vecchio announced on Saturday.
The Generali shares in both add up to 10.95 percent. You recently complained that Donnet was letting buy-in opportunities slip by. Donnet enjoys the trust of the main shareholder, Bank Mediobanca, which holds 12.9 percent.
However, Caltagirone and Del Vecchio are also involved in the Mediobanca. According to the insiders, meetings of the Generali Board of Directors on Tuesday (September 14th) and on September 27th are eagerly awaited.
More: The Italian insurer is apparently interested in NN’s asset management division. The deal could be worth 1.5 billion euros.
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