Benettons side with challenger Generali investors, aim to foster dialogue-source

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXNPEI3Q0EL_L.jpg

The Benettons, who own around 4% of Generali through their holding company Edizione, want to promote reconciliation and dialogue among investors in Generali and between the group’s management and its shareholders after Friday’s shareholder vote to pick a new chief executive, the source said.

Rebel Generali investors Francesco Gaetano Caltagirone and Leonardo Del Vecchio have put forward an alternative candidate to lead the insurer in a challenge to current CEO Philippe Donnet, whom the board wants to appoint for a third term.