Delfin board unanimously backed Lovaglio's return as MPS CEO, Chairman Milleri says

EssilorLuxottica SA

28/04/2026 12:52

PARIS, April 28 (Reuters) - A decision by Monte dei Paschi di Siena's largest shareholder Delfin to vote in favour of the reinstatement of CEO Luigi Lovaglio at the helm of the Tuscan bank was taken unanimously by Delfin's board, its chairman said.

Delfin is the holding company of the Del Vecchio family and is chaired by EssilorLuxottica CEO Francesco Milleri.

Delfin's vote was decisive in helping Lovaglio take back the top job at MPS - a move opposed by the bank's second largest shareholder, Francesco Gaetano Caltagirone.

"As Delfin we have said this a thousand times: we are not interested in individuals or in (companies') governance. We are interested in results,” Milleri told reporters on the sidelines of EssilorLuxottica shareholders’ meeting in Paris.

Delfin is the largest MPS investor with 17.5%.

Investors in MPS on April 15 handed back the reins of the world's oldest bank to ousted boss Lovaglio, settling a boardroom clash that followed last year's takeover of rival Mediobanca.

 (Reporting by Elisa Anzolin; Editing by Valentina Za)

 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))