Francesco Gaetano Caltagirone resigned from the Generali’s board of directors.
Director Francesco Gaetano Caltagirone, Vice President, Non-Independent Director and Member of the Nomination and Remuneration Committees; for Corporate Governance and Social and Environmental Sustainability; for Investments; for Strategic Operations – wrote in a note from Assicurazioni Generali – announced his resignation from the Board of Directors this evening.
This decision was motivated by the resigning director – a supplement to the press release – recalling a framework in which his person is “clearly opposed, prevented from making his decisive contribution and ensuring adequate control”, referring to the Board’s working methods and in particular: presenting and approving the strategic plan ; The procedure for submitting the list by the Board; Methods of applying legislation to privileged information; Disclose relationships with the media and major shareholders, even if their equity investments are below significance thresholds.”
The note from the company states that to date Caltagirone owns directly or through its affiliates a share of the capital of Assicurazioni Generali SpA equal to 8.04%
“I express my deep regret and surprise at the decision taken by C. Caltagirone – says President Gabriele Galateri di Genola – the reasons given can be categorically rejected only because the company has always conducted its business in accordance with the standards of absolute transparency and strict fairness, as well as in connection with the work towards the submission of the Board’s renewal list which he constantly informs the supervisory authorities. The above-mentioned principles have been adhered to in relations with all directors, without exception and on every occasion.”
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