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TOD Tod`s Spa

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0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tod`s Spa BIT:TOD Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Generali's Della Valle Resigns from Board of Directors

05/06/2012 11:31pm

Dow Jones News


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Diego Della Valle, chief executive officer of luxury accessory maker Tod's SpA (TOD.MI), tendered his resignation Tuesday from the board of directors at Italian insurance company Assicurazioni Generali SpA (G.MI).

In a filing to the Italian stock exchange, Generali said Mr. Della Valle's departure follows "his disagreement over the manner in which the replacement of the group CEO, Giovanni Perissinotto, has been managed."

Generali said Mr. Della Valle was an independent nonexecutive director and wasn't a member of any board committee.

Top shareholders at Generali ousted Mr. Perissinotto over the weekend in a boardroom coup and named Mario Greco, CEO at general insurance company Zurich Insurance Group, as the new Generali head.

On Saturday, Mr. Della Valle had already expressed his disapproval, saying the boardroom coup would damage Italy's credibility on international markets.

Exchange website: www.borsaitaliana.it

Write to Enza Tedesco at enza.tedesco@dowjones.com

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