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Third-largest Generali investor proposes board candidates including Enel, Acea CEOs

Published by Global Banking & Finance Review

Posted on March 28, 2025

1 min read

· Last updated: January 24, 2026

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Third-largest Generali investor proposes board candidates including Enel, Acea CEOs
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Generali's Board Nominees Feature Enel and Acea CEOs

MILAN (Reuters) - Generali's third-largest investor, Italian business tycoon Francesco Gaetano Caltagirone, proposed on Friday a slate of six candidates for the new board of the country's biggest insurer.

Utility Enel's Chief Executive Flavio Cattaneo, and the CEO of the smaller Rome utility Acea, Fabrizio Palermo, are among Caltagirone's candidates.

The construction and publishing billionaire has a 6.9% stake in Generali.

The insurer's investors will vote in a new board on April 24.

Mediobanca, Generali's top investor, said on Friday it had proposed another term for current CEO Philippe Donnet.

(Reporting by Sara Rossi, editing by Gavin Jones)

Key Takeaways

  • Francesco Caltagirone proposes six candidates for Generali's board.
  • Enel CEO Flavio Cattaneo is among the proposed candidates.
  • Acea CEO Fabrizio Palermo is also nominated.
  • Generali's board vote is scheduled for April 24.
  • Mediobanca supports another term for current CEO Philippe Donnet.

Frequently Asked Questions

What is the main topic?
The article discusses the proposal of new board candidates for Generali by its third-largest investor.
Who are the proposed candidates?
The proposed candidates include Enel CEO Flavio Cattaneo and Acea CEO Fabrizio Palermo.
When is the board vote scheduled?
The vote for the new board is scheduled for April 24.

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