The moves in the shareholding structure of Lion
Rebus Allianz in the battle for the governance on Generali Insurance. There are two top-manager in Munich, high-profile Italian executives in the insurance world and at the top of the Teutonic insurance giant who emerged in the totonomi for the ticket command that the Pattists (Leonardo Del Vecchio, Francesco Caltagirone And Crt Foundation) will propose shortly as an alternative to Philippe Donnet to win the vote of the international funds at the meeting in April and thus impose their own list.
They are those of Sergio Balbinot, 63 year old from Friuli ex co-CEO of the Lion and now a member of the board of management of Allianz and of Giulio Terzariol, 50 years old from Veneto chief financial officer and head of finance, controls and risks of the company which, like Balbinot, sits in the board of the German insurance company which capitalizes more than three times the Italian one (over 92 billion against the 29.5 of thethe General). The name of Balbinot was made for the presidency and that of Terzariol for the role of CEO.
According to rumors collected by Affaritaliani.it the first, who still lives in Trieste and who has left an excellent memory among the Northeast employees, seems to be in the process of renewing his mandate at Allianz for another year, expiring at the end of 2022. The second, on the other hand, which quotations would be growing to become the alternative candidate to Donnet at the helm of Generali, as it turns out it is also in line of succession to go and collect the reins of the German group in the future, when the current CEO Oliver Bäte, in that position since 2014, will leave the command deck. A line that is crowded in Munich.
As a potential candidate for future CEO, in fact, there is also the listed 47-year-old top-manager, Romanian by birth but raised in Germany, Renate Wagner, with a past in Zurich And Kpmg and now at the head of the Human Resources, Legal, Compliance And BUT. Wagner, like Terzariol, sits in the board of management and it seems to enjoy a consensus greater, also because it could be the first woman CEO of the Allianz.
However, times in Trieste are getting tight and if Terzariol decided to be part of the Italian big finance game, he would first have to resign and then at work on the counter-plan with the two large shareholders Del Vecchio and Caltagirone with whom then leave to do engagement with the market. Next week should arrive there long list (from which to extract a short list in mid-February) of board in the council list procedure. Top of the list, obviously, there will be the name of Philippe Donnet (and probably that of a woman as president, for which she is in pole position Diva Moriani).
As it turns out, the next 10 days will be also decisive for the identification of the ticket at the top he was born in plan by the Pattists who will lift the veil on their own list in mid-February, immediately one minute after it will have the abridged version of the list of the outgoing council took shape (to be presented in final form in March).
After Caltagirone and Del Vecchio pushed hard with further investments in the Generali capital, exceeding 16%, the list of directors of the Pattists it should be full of high profile names. Names that must take hold in the universe of institutions, whose consensus will tip the balance in the assembly in April with the 34.75% of the capital.
Time is not long, because the last two and a half months will be decisive for the election campaign. To be convinced there are also i Benetton that with the new top management of Edizione, Alessandro Benetton and Enrico Laghi, will have to abandon the line of neutrality.
The Ponzano family has already done business with Caltagirone and with Del Vecchio there is a strong bond between entrepreneurs who have taken their first steps in the industrious Northeast. But sources close to Ponzano refer to Affaritaliani.it that the Benettons (also 2% of Mediobanca) they will deploy their 3.9% with the plan and with the management more convincing in the growth prospects of Generali and in promising greater returns to shareholders. From the parts of Caltagirone & C news on names and strategies are expected shortly.
@andreadeugeni
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