Generali, new resignation from the board of directors: also leaves Del Vecchio as representative

The director of Generali, Romolo Bardin, an expression of Leonardo Del Vecchio’s Delfin, resigned from the board of directors. Bardin was an independent director and member of the Committees for Nomination and Remuneration, for Investments, for Strategic Transactions and for Transactions with Related Parties. Bardin, the company explains, motivated his resignation “referring to the operating procedures and to some choices of the board and committees in which he participates, with particular regard also to the process of forming the list of the board of directors”. It is precisely the formation of lists for the new board and the company’s future strategies that are at the center of the clash between shareholders. With Mediobanca at 17.2% of the share capital, after having borrowed 4.4%, and the consultation agreement between Del Vecchio, Caltagirone and the Crt Foundation at 16%. of the institute in piazzetta Cuccia, the pact members are working on an alternative management and industrial plan. The line of the group ceo, Philippe Donnet, is considered too timid in terms of external growth and for this reason they will present a list for the board of directors in February, with a new CEO, and a more aggressive strategy. Meanwhile, the pact members are contesting the procedure for the formation of a list by the board of directors, which is actually considered an expression of Mediobanca alone, and Caltagirone has submitted a question to Consob on the regularity of the board’s list. regretted the resignation, but reiterated that the company “has always conducted its business according to criteria of absolute transparency and rigorous fairness, in the interest of all stakeholders. These principles, which I confirm, have always been adhered to in relations with all the directors, without exception and on every occasion “.