Diego Della Valle, chief executive officer of luxury accessory
maker Tod's SpA (TOD.MI), tendered his resignation Tuesday from the
board of directors at Italian insurance company Assicurazioni
Generali SpA (G.MI).
In a filing to the Italian stock exchange, Generali said Mr.
Della Valle's departure follows "his disagreement over the manner
in which the replacement of the group CEO, Giovanni Perissinotto,
has been managed."
Generali said Mr. Della Valle was an independent nonexecutive
director and wasn't a member of any board committee.
Top shareholders at Generali ousted Mr. Perissinotto over the
weekend in a boardroom coup and named Mario Greco, CEO at general
insurance company Zurich Insurance Group, as the new Generali
head.
On Saturday, Mr. Della Valle had already expressed his
disapproval, saying the boardroom coup would damage Italy's
credibility on international markets.
Exchange website: www.borsaitaliana.it
Write to Enza Tedesco at enza.tedesco@dowjones.com