Generali Turns to Italy Stock Exchange's Sironi as New Chairman
March 01 2022 - 2:34AM
Dow Jones News
By Joshua Kirby
Assicurazioni Generali SpA has named its proposed new chairman
after the incumbent last month said he would step down at the end
of his term amid shareholder tensions.
The Italian insurer said late Monday that Andrea Sironi will be
put forward as the board's candidate for chairman on the list for
the coming renewal of the board of directors.
Mr. Sironi is currently chairman of the Italian stock exchange,
the Borsa Italiana, and has also served presently or formerly on
the boards of banks UniCredit SpA, Intesa Sanpaolo SpA and Cassa
Depositi e Prestiti, Generali said.
In February, current Generali Chairman Gabriele Galateri di
Genola said he would resign from the board at the end of his term,
citing tensions with high-profile shareholders over the management
of the company. Mr. Galateri di Genola welcomed Mr. Sironi's
decision to stand for chairman, pointing to his experience serving
on the boards of major European financial institutions.
Mr. Sironi has been appointed as one of three new independent
directors on Generali's board, alongside Alessia Falsarone and
Luisa Torchia, the company said.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
March 01, 2022 02:19 ET (07:19 GMT)
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