Norges Financial institution Funding Administration, one of many foremost institutional buyers in Generali, 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 greatest 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 buyers who again as an alternative former veteran Generali supervisor Luciano Cirina as CEO.
(Reporting by Valentina Za, modifying by Maria Pia Quaglia)
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