Breton financier Philippe Kminit remains firmly At the helm of Generalisupported by the list Mediobancawhich also this year was awarded the majority of the votes in the assembly. The meeting, returned from this year in the presence in Trieste after the stop decided during the pandemic, voted for the renewal of governance and approved the 2024 budget.
The greatest interest was captured by renewal of the boardstill an expression of the Mediobanca majority partner, against the thrusts exercised by the minority lists. A theme that is intertwined with the strategic choices of the CEO and with the recent partnership signed with Natixis, which is feared can bring the Lion of Trieste out of the Perimeter Italy.
Wins the Mediobanca list with 10 seats in Board of Directors
The Generali Assembly voted with one majority of 52.383% of the present capital, equal to 68.777% of the entire share capital, the majority shareholder list Mediobancawinning 10 seatsone more than the nine names indicated. The Assembly also approved by majority to determine in 13 the number of councilors of administration.
To the list that belongs to entrepreneurs-financers Caltagirone and Del Vecchio they went Three places on the boardhaving obtained 36.8% of favorable votes, while No place In the board was conquered by the list Assogestionirepresentative of the interests of the funds, which did not exceed the minimum quorum of 5%, stopping at 3.67%.
They are confirmed Andrea Sironi President and Philippe Kenit delegated administrator of the insurance company for the next three years. In the Board of Directors there will also be Luisa Torchia, Lorenzo Pellicioli, Clara Hedwig Frances Forse, Antonella Mei-Pochtler, Patricia Estany Puig, Umberto Malesci, Alessia Falsarone (taken from the Mediobanca list) and Flavio Cattaneo, Marina Brogi, Fabrizio Palermo (taken from the Caltagirone list).
Child: Choice for continuity and for an “independent” general
“Today you shareholders have expressed yourself clearly and with great clarity in favor of continuity of governance and the stability of management, you have expressed yourself in favor of the strategy that we are successfully implementing and with my team we are already at work to bring home great results who are the guarantee of your remuneration, “he commented Child to the outcome of the vote.
“Today he won the company, today he won Generali. The market expressed himself very clearly and I would also say unanimously,” reiterated the manager on the sidelines of the assembly, explaining that the vote was not a “referendum for Natixis” but one choice between an general view which one “Independent Public CompanyItalian, international and independent ” or a general “controlled by a couple of members”.
Assembly also approves Budget 2024
The Shareholders’ Meeting of Generali approved the Budget of the year 2024 With the favorable vote of 89.9% of the capital present in the assembly, equal to 68.572% of the share capital. Go -ahead also to proposed dividend, equal to 1.43 euros per sharefor a total dividendi mountain of over 2.17 billion euros, with the favorable vote of 89.876% of the capital present.
“The important results obtained in the last nine years convince me of the fact that Generali will have even more successful in the future, so our work has not finished and there are further important goals to be achieved together”, underlined Kminit, hoping that the Floor will allow the group to reach “even more ambitious targets also as regards the remunerationwith a double -digit growth of dividend For action that brings, over the plan, to over 7 billion euros in cumulative dividends “.” To this is added the commitment to realize at least 1.5 billion euros regaining their own actions. This includes the 500 million euro buyback plan presented at the Investor Day “, subjected to the assembly vote today.
The Natixis chapter
Speaking of the contested Partnership with NatixisChild specified “We will not be in the hands of the Frenchthis will never happen “. Then, the manager spoke of” a unique opportunity to create a global asset management platform of almost 2,000 billion, which allows us to reach the necessary scale in the asset management business “.
“The CEO of the new company It will be ours that of Generali Investment Holding, Woody Bradford– said Child – for at least the first 5 years and if he is able to reach all targets he can be renewed for another 5 years “.
