Delfin's Romolo Bardin resigns from Generali board (updated)

Caltagirone Editore SpA

17/01/2022 07:41

(Adds details and background)
    ROME, Jan 17 (Reuters) - The Chief Executive of Leonardo del
Vecchio's holding company Delfin, Romolo Bardin, has resigned
from the board of Generali  GASI.MI , Italy's top insurer said
in a statement on Monday.
    The exit of Bardin follows that of Generali's second-largest
investor - Italian entrepreneur Francesco Gaetano Caltagirone -
on Thursday, in a challenge to the reappointment of current
Chief Executive Philippe Donnet.  urn:newsml:reuters.com:*:nL8N2TU1PD
    Donnet's bid for a new term as CEO is at the centre of a
struggle among Generali's biggest investors, including
Caltagirone and eyewear magnate Del Vecchio. 
    Donnet is backed by Generali's leading investor Mediobanca
 MDBI.MI  and a majority of board members. 
    Delfin is the third-largest investor in the insurer with a
6.618% stake. Caltagirone holds 8.04% of Generali, trailing
Mediobanca's 12.8% stake. 
    "Bardin referred to operating procedures and some choices of
the Board and in the Committees in which he participates, in
particular, the process for the formation of the board list, as
reasons for his decision to step down," the statement added.
    Generali Chairman Gabriele Galateri di Genola said he
regretted Bardin's decision and that the company had conducted
its business "according to the standards of absolute
transparency and rigorous fairness, in the interest of all
stakeholders".
    
     




 (Reporting by Giulia Segreti, editing by Cristina Carlevaro,
Kirsten Donovan)
 ((Giulia.Segreti@tr.com; +39.06.80307714;))