Finance

Generali investor Norges to vote in favour of CEO Donnet at AGM

The Generali brand is seen on the corporate’s constructing in Milan, Italy, November 5, 2018. REUTERS/Stefano Rellandini

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MILAN, April 22 (Reuters) – Norges Financial institution Funding Administration, one of many primary institutional traders in Generali (GASI.MI), backs the reappointment of CEO Philippe Donnet, a proxy voting record on the web site of the corporate operating Norway’s sovereign wealth fund confirmed.

Shareholders in Italy’s largest insurer vote on April 29 to call a brand new board and settle a shareholder battle that has seen Donnet’s candidacy challenged by a bunch of main Italian traders who again as an alternative former veteran Generali supervisor Luciano Cirina as CEO.

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Reporting by Valentina Za, modifying by Maria Pia Quaglia

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