MILAN, March 4 (Reuters) - The board of Monte dei Paschi di Siena on Wednesday voted against keeping CEO Luigi Lovaglio in the job after his mandate ends in April, two people with knowledge of the
Monte dei Paschi Board Votes Against CEO Lovaglio's Renewal in April
Board Decision on CEO Succession
Background of the Board Vote
MILAN, March 4 (Reuters) - The board of Monte dei Paschi di Siena on Wednesday voted against keeping CEO Luigi Lovaglio in the job after his mandate ends in April, two people with knowledge of the matter said.
Details of the Decision
Backing the decision taken on Tuesday by the bank's appointments committee, a majority of directors voted in favour of keeping Lovaglio out of a slate of nominees that will be put to a shareholder vote in April to name a new board.
Reporting and Editorial Credits
(Reporting by Valentina Za; Editing by Giulio Piovaccari)
