Published by Global Banking & Finance Review®
Posted on March 28, 2025
1 min readLast updated: January 24, 2026
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Mediobanca backs Generali CEO Donnet for another term amid investor opposition, with a board vote on April 24. Fund managers propose new board candidates.
MILAN (Reuters) -Italy's Mediobanca, Generali's top investor, said on Friday it had proposed another term for CEO Philippe Donnet at the helm of the country's biggest insurer.
Generali's investors will vote in a new board on April 24 and Mediobanca's move regarding Donnet was expected.
The insurer's second- and third-largest insurers have expressed opposition to Donnet.
Mediobanca also proposed another term for Generali's chairman Andrea Sironi.
A group of Italian fund managers said on Friday it would put forward four candidates for the new board of Generali, adding to uncertainty over the outcome of the vote.
The move by the fund manager group, which owns around 0.7% of the insurer, increases the chance of a fractured board.
(Reporting by Sara Rossi, editing by Gavin Jones)
The main topic is Mediobanca's proposal for another term for Generali CEO Philippe Donnet amid opposition from other investors.
Generali's second- and third-largest investors have expressed opposition to CEO Philippe Donnet's new term.
April 24 is the date when Generali's investors will vote on the new board, including the proposal for CEO Philippe Donnet.
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