Generali appoints veteran banker to fill board vacancy

Caltagirone SpA

15/07/2022 16:01

MILAN, July 15 (Reuters) - Italian insurer Assicurazioni
Generali  GASI.MI  has named veteran banker Stefano Marsaglia to
fill a vacancy on its board left by the departure of its second
largest shareholder in May, the company said on Friday. 
    Marsaglia will replace Francesco Gaetano Caltagirone, who
holds a stake of just under 10% stake in Generali according to
the latest filings and fought a campaign against the
reappointment of the company's chief executive in April.
 urn:newsml:reuters.com:*:nL5N2XJ1IG  urn:newsml:reuters.com:*:nL5N2WR3RB
    Caltagirone's two remaining nominees on the Generali board
did not support the appointment of Marsaglia, Generali said in a
statement.
    It also said that Luciano Cirina, a former Generali
executive who was Caltagirone's candidate for the CEO's job,
"did not meet the requirements for appointment" to the board.
    Cirina missed out on the CEO role in April when shareholders
supported Philippe Donnet for a new term.
    Marsaglia, an Italian, has worked in banking for Rothschild,
Barclays  BARC.L  and Mediobanca  MDBI.MI . He is currently CEO
of private equity firm Azzurra Capital.    

 (Writing by Keith Weir
Editing Gianluca Semeraro and Mark Potter)