milan market upbeat on generali boardroom
Last Updated : GMT 13:03:42
Arab Today, arab today
Arab Today, arab today

Milan market upbeat on Generali boardroom

Arab Today, arab today

Arab Today, arab today Milan market upbeat on Generali boardroom

Milan - ANSA

Share prices for Assicurazioni Generali climbed on Monday in the wake of a boardroom coup at the weekend that saw CEO and Managing Director Giovanni Perissinotto ousted and replaced by Mario Greco, the CEO at Zurich Insurance. Generali shares were up on the Milan stock exchange by 1.35% at mid-session despite recognition from some insiders that Greco will need time to turn things around at Europe\'s third-biggest insurer after five years of slumping share prices, which have worsened over the past months due to the bank\'s exposure not only to Italian government bonds but also risky Greek bonds. The push to oust Perissinotto, who had been with the group for over 30 years, was reportedly led by two of Generali\'s leading shareholders, Mediobanca and the Luxottica group of Leonardo Del Vecchio, one of Italy\'s richest men. A statement from the group said the shake-up was made due to the \'\'necessity to bring change in management\'\'. It also thanked Perissinotto for his long service to the group. Zurich Insurance on Monday announced that it had received Greco\'s letter of resignation which it said it had accepted immediately although with \'\'deep regret\'\', adding that it \'\'understood and supported\'\' the manager\'s decision to \'\'take up this new challenge\'\'. By picking Greco, Generali broke with a tradition of choosing its top managers from within its own ranks. However, he had already been on a short list for the job in 2004, when Perissinotto won out thanks to the support of Mediobanca. The 53-year-old Neapolitan\'s experience in the insurance sector includes a 10-year term at Italy\'s second-biggest insurer RAS, from 1995 to 2005, during which time he was able to double the company\'s stock value. Sector operators said Greco was the right man for the Generali job thanks to his \'\'foresight and strategic vision\'\' that he follows up with \'\'step-by-step determination\'\'. He is also said to be in the graces of stock market traders for his ability to offer clear analyses of market and sector realities. Before taking over his new duties, Greco must first be elected to the Generali board and until then the duties of CEO and managing director will be held by Generali Chairman Gabriele Galateri. The term of the whole Generali board will expire next year.

arabstoday
arabstoday

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

milan market upbeat on generali boardroom milan market upbeat on generali boardroom

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

milan market upbeat on generali boardroom milan market upbeat on generali boardroom

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday