Wednesday, December 7th, 2022

Generali fires CEO candidate | Insurance coverage Enterprise America

Generali fires CEO candidate

Luciano Cirinà, Generali’s Austria & Central and Jap Europe regional officer who was suspended final week, has now been fired.

In an announcement on Monday, the Italian insurance coverage large famous: “The board of administrators of Assicurazioni Generali, at a gathering chaired by Gabriele Galateri di Genola, has taken the choice to terminate the employment of Mr Luciano Cirinà with quick impact.

“Mr Cirinà was beforehand suspended from his function because the Austria & CEE regional officer of Generali, on March 23, 2022. The choice has been taken because of violations of his obligation of loyalty and materials breach of different private obligations below his contract of employment.”

No additional particulars on the violations have been outlined.

As reported initially, Cirinà was the chief government candidate put ahead by the camp of activist investor Francesco Gaetano Caltagirone. Final Friday, the supposed CEO contender was quoted by the Monetary Occasions as saying: “I’m not going to increase on the private causes which have led me to affix the [rival camp].”

A management tug-of-war has been brewing at Generali forward of its board renewal subsequent month.

In the meantime, when Cirinà was suspended previous to his sacking, the corporate mentioned Generali Deutschland chief government Giovanni Liverani was taking on as interim regional officer for Austria & CEE.

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