"Mr CIRINA was previously suspended from his role as the Austria & CEE Regional Officer of Generali, on March 23rd 2022. The decision has been taken due to violations of his duty of loyalty and material breach of other personal obligations under his Contract of Employment".
Previously, when Luciano CIRINA was suspended, the company said Generali Deutschland CEO Giovanni LIVERANI was taking over as interim regional officer for Austria & CEE.
Cirina was nominated as candidate for the CEO position, together with Claudio COSTAMAGNA, a former Goldman Sachs banker and former chairman of Italian state investor CDP, as Chairman of the Board, by a pool of major shareholders that are trying to challenge this way the influence of Mediobanca, another major shareholder of the Italian insurer, with an about 17% stake. Opposed to this proposition, the outgoing Board supports the idea of renewing the mandate of current CEO Philippe DONNET for a third term, while for the Chairman position have nominated Andrea SIRONI, a leading international expert in governance and risk management, former dean of Milan's Bocconi University.
The appointment of a new Board of Directors will take place at the Annual General Meeting of shareholders, on 29 April. (more details here)
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