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CASS - Societa Cattolica Di Assicurazione SpA News Story

€5.59 -0.1  -2.4%

Last Trade - 24/01/22

Sector
Financials
Size
Mid Cap
Market Cap £960.3m
Enterprise Value £1.60bn
Revenue £4.21bn
Position in Universe 159th / 737

Italian insurer Cattolica revokes powers of CEO

Thu 31st October, 2019 5:55pm
MILAN, Oct 31 (Reuters) - The board of Cattolica
Assicurazioni  CASS.MI  has revoked the powers of Chief
Executive Alberto Minali citing differences over the company's
structure, strategy, relations with shareholders and the market,
the company said in a statement on Thursday.
    It said all of the CEO powers had been transferred to the
insurer's Managing Director Carlo Ferraresi.
    Minali, a former CFO at bigger rival Generali  GASI.MI , had
been at the helm of Cattolica since June 1, 2017.
      

 (Reporting by Elvira Pollina, editing by Silvia Aloisi)
 ((elvira.pollina@thomsonreuters.com; 0039 0266129486; Reuters
Messaging: elvira.pollina.thomsonreuters.com@reuters.net))
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