Philippe Donnet, CEO of the Italian insurance company Generali, is seen before shareholders meeting in Trieste, Italy, April 27, 2017. REUTERS/Remo Casilli
March 11, 2022
By Stefano Bernabei and Gianluca Semeraro
ROME (Reuters) – Generali’s second-biggest investor, construction tycoon Francesco Gaetano Caltagirone, plans to put forward his own candidate to lead Italy’s biggest insurer, challenging the reappointment of chief executive Philippe Donnet.
Caltagirone and fellow billionaire Leonardo Del Vecchio, Generali’s third-largest investor, are battling its single biggest shareholder, Italian investment bank Mediobanca, over control of the insurance group.
In the complex world of Italian business, the Generali power struggle is also likely to have implications for the Milanese merchant bank, which once sat at the heart of corporate Italy.
Del Vecchio, the founder…
