Generali's appointment committee backs keeping Donnet as CEO - sources

Caltagirone SpA

24/09/2021 13:00

MILAN, Sept 24 (Reuters) - Generali's  GASI.MI  appointment
committee decided on Friday to propose to the board that it
finalise a slate of nominees for the board renewal keeping Chief
Executive Philippe Donnet in his job for another mandate, two
sources close to the situation told Reuters.
    The resolution of the appointment committee, which was
attended by representatives of Generali's main shareholders, was
taken by a majority vote, the sources added.
    Generali's board meets on Monday to discuss whether to
submit its own slate of nominees, including Donnet, ahead of a
general meeting next spring to name new directors. 
    Construction magnate Francesco Gaetano Caltagirone, eyewear
billionaire Leonardo Del Vecchio and Fondazione CRT struck a
shareholder pact, which controls a combined 12.5% of Generali,
to consult over decisions concerning Generali.
    Donnet has come under pressure from Caltagirone and Del
Vecchio, who consider his merger and acquisitions strategy
insufficiently ambitious, sources have previously said, but has
the backing of Mediobanca  MDBI.MI , Italy's top investment bank
and the main Generali investor with a 17% of voting rights.
    

 (Reporting by Gianluca Semeraro and Claudia Cristoferi; editing
by Kirsten Donovan)
 ((gianluca.semeraro@tr.com; +39 06 80 307 741;))