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Italian Tycoons Seek Allies in Battle Over Choice of Generali s Next CEO
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
Generali Says Directors Support Keeping Donnet as CEO
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Major Generali Shareholders Plan to Ask CEO Not to Present New Business Plan: Report
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Unhappy Investor Caltagirone to Snub Generali Meeting By Gianluca Semeraro, Stefano Bernabei and Claudia Cristoferi | April 29, 2021
MILAN – Leading Generali investor Francesco Gaetano Caltagirone will snub its AGM on Thursday in the first public sign that the businessman is unhappy with the balance of power among shareholders, three sources close to the matter said.
Tensions among investors in Italy’s largest insurer have been brewing behind closed doors, but are expected to intensify as Generali kicks off a months-long process to appoint a new board in spring next year, the sources told Reuters.
Caltagirone, whose business empire spans construction to publishing, recently raised his Generali stake while also building a holding in its top investor Mediobanca.