Here is who Caltagirone wants to grab Generali
Caltagirone plans and men on Generali. All names on the list and CVs. The article by Emanuela Rossi
It thundered so much that it rained. After weeks of announcements and movements, Francesco Gaetano Caltagirone confirms the adage and two days ago he communicated his list for Generali, an alternative to the one prepared by the current board of Trieste – and "inspired" by the first shareholder Mediobanca (12.8%) – which sees the reconfirmation of Philippe Donnet in the role of CEO (in his third term) flanked by Andrea Sironi, president of the Italian Stock Exchange. A third list, that of the funds grouped in Assogestioni, could also participate in the competition, which will see the key moment in the assembly on 29 April.
THE BOARD OF THE CALTAGIRONE LIST
The Roman manufacturer, second shareholder of the insurance group with 8.5%, presented a list for the new board of directors – the note reads – with profiles that "express a diversified set of experiences, knowledge and skills, gained in organizational contexts and national and international operational ones of equal complexity, able to better understand the company's activities, perspectives and risks "and who have" knowledge of the dynamics of the insurance-financial sector and asset management, of issues related to digital and information Technology, as well as Esg ”, starting with the candidates for the role of CEO, Luciano Cirinà, and that of President, Claudio Costamagna. According to Corsera , this is "a heavy list, with managers who do not owe their careers to Caltagirone but on which the engineer is now aiming to convince institutional investors to vote for them and not for the board list".
The list is "particularly balanced because it is made up of 6 women and 7 men", reads the press release again, ie 46% and 54%, and 85% of them are therefore independent "by placing the board of directors of the company above the Italian average ". Except for Caltagirone himself, who is first on the list and who was vice president of Generali until last January, there are no representatives of outgoing shareholders or directors. Moreover, precisely because of his position on the list, the Roman manufacturer – even if the race were three and his line-up came last – would certainly enter the board since nine places would go to the winning list, three to the second and one to the third.
And in any case for Corriere della Sera , the engineer would seriously aim to obtain the majority of votes and for this reason a presentation of the industrial plan alternative to that of Donnet by Costamagna and Cirinà is scheduled in the next few days, followed by a roadshow to grab the votes of institutional investors. The latter, recalls the newspaper directed by Luciano Fontana, fell in shareholding from 40.7% in 2020 to 35.1% (data from the shareholders' register for the October coupon) while retail savers fell less (from 23, 9% to 22.4%). The main shareholders, on the other hand, strengthened with Leonardo Del Vecchio's Delfin at 6.6% and the Crt Foundation at 1.7%.
THE CANDIDATE FOR THE ROLE OF CEO, LUCIANO CIRINÀ
Luciano Cirinà knows the insurance-financial sector and asset management well according to Il Sole 24 Ore . Triestino, born in 1965, graduated in Business Administration from the Friulian university in 1988, based in Prague since 2013, Cirinà is currently at the helm of Austria and Eastern Europe for Generali and has more than thirty years of experience in the insurance field. "He is considered – still reads in the note released by the Caltagirone group – by many within the company the successor of the current CEO" and "also enjoys particular esteem and respect from all the staff" of the Leone. He was also elected president of the Austrian insurance association in 2012.
THE CANDIDATE FOR THE ROLE OF PRESIDENT, CLAUDIO COSTAMAGNA
For the presidency, as was said, Caltagirone instead indicated Claudio Costamagna . Milanese, born in 1956, Costamagna worked for Goldman Sachs for 18 years and was first head and then chairman of the Investment Banking Division for Emea of the investment bank. From July 2015 to July 2018 he was, among other things, president of Cassa Depositi e Prestiti and just two days ago he resigned from Spac Revo , promoted last May together with the former CEO of Generali and former CEO of Cattolica Assicurazioni, Alberto Minali .
THE OTHER COMPONENTS OF THE BOARD
In addition to Cirinà, Costamagna and Caltagirone, among the candidates there are also Marina Brogi, from Rome, a former Bocconian, professor of Economics and Financial Markets Techniques at the "Sapienza" University, with over 20 years of research and training in the banking sector behind her. and financial; Flavio Cattaneo, former CEO of Terna, Tim and Ntv and since 2021 founder and controlling shareholder of Itabus, a road transport company serving over 70 municipalities in the country which has been active since last May. And again: there are Roberta Neri, former CFO of Acea and former CEO of ENAV, of which she oversaw the listing on the Stock Exchange; Alberto Cribiore, Bocconi graduate (and Bocconian of the year in 2007), formerly a member of the board of directors and global chairman of Merrill Lynch and vice president of Citi's Institutional Clients Group; Maria Varsellona, experiences in GE, Nokia, Nordea Bank and ABB and from 1 April new general counsel global of Unilever; Paola Schwizer, Milanese, born in 1965, professor of Economics of Financial Intermediaries at the University of Parma and affiliate professor of Banking and Insurance at the SDA Bocconi School of Management in Milan.
In the list filed by the Caltagirone group there is also space for Andrea Scrosati, Roman, 50, for 11 years executive vice president of programming of Sky, now CEO of Continental Europe and global coo of Freemantle; Stefano Marsaglia, active in investment banking for more than 30 years (Rothschild, Barclays), with an experience as executive chairman of corporate and investment banking in Piazzetta Cuccia. Finally, space also for Nicoletta Montella, head of the Legal and Compliance function at Ntv, and Patrizia Michela Giangualano, trained at Bocconi, governance expert, member of the board of various listed companies such as Leonardo, Ferragamo and Saipem.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/ecco-con-chi-caltagirone-vuole-agguantare-generali/ on Sun, 20 Mar 2022 14:05:47 +0000.