As was to be expected, Leonardo DelVecchio , Savings Bank of Turin have dissolved the reserves and announced that they are in favor of the Caltagirone list, which at the Generali meeting on 29 April will contest the leadership of the insurance company list led by the current CEO, Philippe Donnet, and mainly supported by Mediobanca. The three partners, initially united by a consultation pact then dissolved, put together about 22% of the capital and form a block capable of equaling that of Mediobanca, even if the real arbiters of the Generali shareholders' meeting challenge will be institutional funds, which they have in hand about 30% of the capital.
Del Vecchio promotes Caltagirone's list and strategy
Yesterday Del Vecchio defined the list presented in recent days by Caltagirone as "highly competent and well balanced", which, again according to the Luxottica patron, offers "a long-term entrepreneurial vision, which not only seeks dividends but also looks at the needs of growth of the company”. Many appreciations from Del Vecchio also for Luciano Cirinà, candidate from Caltagirone for Ad e just fired from Generali, where he was a close collaborator of Donnet until a few days ago, "for violations of loyalty obligations and other contractual obligations".
The economist Perotti in the list presented by Assogestioni
Between the list of the board, headed by Donnet, and the Caltagirone list which candidates Claudio Costamagna as president and Cirinà as CEO, it will therefore be a hunt for the last vote and an open battle in view of the eagerly awaited meeting at the end of April which will have to decide who to entrust guide of the Trieste company for the next few years and which, probably, is a prelude to the subsequent showdown in Mediobanca.
In the meantime, it was presented yesterday the third list, that of Assogestioni (the Confindustria of managed savings), which includes four independent candidates, including the Bocconi economist Robert Perotti, which is already on the board of Generali. To secure at least one seat on the next Board, however, the list will have to obtain the consent of 5% of the capital.
