Generali investor Caltagirone to present own CEO candidate (updated)

Caltagirone SpA

10/03/2022 17:28

(Adds detail)
    ROME, March 10 (Reuters) - Generali's  GASI.MI 
second-largest investor Francesco Gaetano Caltagirone said on
Thursday he would present his own candidate to lead the insurer,
challenging the reappointment of current CEO Philippe Donnet.
    Caltagirone, a construction magnate, said in a statement he
would present a slate of candidates for the new board of
Generali, ahead of an April shareholder meeting, which would
include candidates for the positions of both CEO and chairman. 
    Caltagirone, which held about 8% in Generali according to
the most recent available data, and Luxottica founder Leonardo
Del Vecchio, third largest shareholder, have both opposed plans
by Generali's board to retain Donnet, who has been CEO since
2016.
     
    

 (Reporting by Giulia Segreti, editing by Valentina Za)
 ((Giulia.Segreti@tr.com; +39.06.80307714;))