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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Generali Ass | BIT:G | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.18 | -0.78% | 22.85 | 22.84 | 22.86 | 23.07 | 22.80 | 23.07 | 569,769 | 12:55:41 |
From Apr 2022 to Apr 2024
By Ed Frankl
Assicurazioni Generali SpA shareholders approved the re-election of Chief Executive Officer Philippe Donnet, ending uncertainty over the future direction of Italy's largest insurer.
Shareholders voted 56% in favor of appointing a board list with Philippe Donnet as CEO and Andrea Sironi as chairman despite opposition from Generali's second- and third-largest investors.
Francesco Gaetano Caltagirone, who owns 9.95% of the company, had in March proposed a rival board that promised a strategy with higher earnings acceleration and more firepower for acquisitions.
His list won 41.7% of votes in favor.
A third list, drawn up by asset manager Assogestioni won 1.9% of the vote.
The AGM registered a turnout of 70.7%, higher than recent years, Generali said.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
April 29, 2022 05:51 ET (09:51 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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