Benettons side with challenger Generali investors, aim to foster dialogue-source
Reuters
Published Apr 27, 2022 11:24
MILAN (Reuters) - Italy's Benetton family, a leading shareholder in Generali (BIT:GASI), has decided to side with other key investors in the insurer who are pushing for a change at the helm, a source with direct knowledge of the matter said.
The Benettons, who own around 4% of Generali through their holding company Edizione, want to promote reconciliation and dialogue among investors in Generali and between the group's management and its shareholders after Friday's shareholder vote to pick a new chief executive, the source said.
Rebel Generali investors Francesco Gaetano Caltagirone and Leonardo Del Vecchio have put forward an alternative candidate to lead the insurer in a challenge to current CEO Philippe Donnet, whom the board wants to appoint for a third term.
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Written By: Reuters
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