Generali board names Donnet as CEO without backing from rebel list's directors-sources

Caltagirone SpA

02/05/2022 16:36

MILAN, May 2 (Reuters) - The board of Generali  GASI.MI  on
Monday reappointed Philippe Donnet as chief executive with 10
votes in favour out of 13, two sources said, after a group of
rebel Italian investors seeking to oust him lost out in a
shareholder vote last week.
    The two sources with knowledge of the matter said Francesco
Gaetano Caltagirone, who led the opposition to Donnet and is
Generali's No.2 investor with a 9.95% stake, voted against his
reappointment. Generali declined to comment.
    Another of the three directors that Caltagirone has managed
to appoint to Generali's board also voted against, while the
third one abstained. Academic Andrea Sironi got unanimously
appointed as chairman, one of the sources said.
    Monday's board vote over Donnet's third term as CEO at
Generali was seen as the first test of whether investor tensions
at the heart of Europe's third-largest insurer would subside
after Friday's shareholder verdict.   urn:newsml:reuters.com:*:nL5N2WR3RB
    

 (Reporting by Gianluca Semeraro and Stefano Bernabei;  writing
by Valentina Za;)
 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))