Jolts and changes in the top management of Assicurazioni Generali (large shareholders happy for the exit of two French top managers). Here are names, changes and news.
Jolts and changes in the top management of Assicurazioni Generali. Here are who goes up and who goes down to the top of the Lion of Trieste group after the two exits of weight of top managers very close to the number one of the company Philippe Donnet. All the details.
WHAT THE BOARD OF GENERAL INSURANCE HAS DECIDED
The Generali board unanimously promotes the new organizational structure and the team of Italian managers, chosen from within the group, reporting directly to the CEO Philppe Donnet. Objective: to give a shot of the accelerator to the plan, according to the group of the Lion of Trieste after two exits from the top management of the insurance giant; exits that would have been welcomed by the big shareholders – Mediobanca at 13%, Caltagirone at 5.4%, Del Vecchio at 5%, Benetton at 4% – according to financial rumors.
HERE ARE THE LATEST RELEASES FROM THE HEADS OF GENERAL INSURANCE
The role of general manager disappears with the departure on February 1st of Frederic de Courtois, while the functions that were headed by the Chief Investing Officer and CEO of Asset & Wealth Management, Tim Ryan, who has left since March 1st, are divided between two names.
PANIZZA AND TRABATTONI GO UP IN GENERAL INSURANCE
The first is Sandro Panizza, who becomes Chief insurance and investment officer, therefore in charge of both insurance and investment management. The second is Carlo Trabattoni, promoted to CEO of Asset & Wealth Management, ie responsible for the asset management activities of the group as well as of Banca Generali.
THE ROLE OF BRUNO SCARONI, SON OF PAOLO SCARONI
The third to take a step forward is Bruno Scaroni, son of the more famous Paolo Scaroni (former Eni's number one), who takes on the role of Chief transformation officer, another new unit, designed in this case to accelerate digital transformation. .
"The purpose of the new organizational structure is to successfully complete the 'Generali 2021' plan and to prepare the group for the challenges of the future", commented Donnet with reference to this year, the latest in his plan and his mandate, expiring with the assembly on the 2020 budget, ie in the spring of 2021. "Our objectives remain confirmed" added the French CEO of the Leone and listed them, explaining what the three new top managers will engage.
THE OBJECTIVES OF THE LATEST NEWS IN GENERAL INSURANCE
First of all, Donnet said, "to align investment management with the insurance strategy, in order to provide excellent products and services to our customers and, at the same time, create value for all our shareholders, with particular regard to the current environment. interest rates ". At the same time “accelerate the strategy in asset management, essential for the profitable growth of the group”, and finally “coordinate the innovation and digital transformation of Generali, which is a fundamental part of our ambition to be a Life Partner”.
But the reshuffle does not end there. Giancarlo Fancel, currently CFO of Country Italia who becomes Chief risk officer, moves to a new position. However, he will not report directly to Donnet, unlike the current CFO, Cristiano Borean, the Chief marketing & customer officer, Isabelle Conner and the Head of mergers & acquisitions, Massimiliano Ottochian.
THE COMMENT OF THE REPUBLIC
Generali greets two senior executives and CEO Philippe Donnet takes the opportunity to redesign the structure, accentuating its operational role, to "support the effective execution of the Strategic Plan", now in its final year "in a context of rapid global changes and unprecedented challenges ”, as the French manager in vogue since 2016 said, summarized the changes announced by Leone the newspaper Repubblica .
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/assicurazioni-generali-chi-sale-e-chi-scende-nel-top-management/ on Thu, 28 Jan 2021 14:27:31 +0000.