Generali confirms Geronzi departure after boardroom fracas
Europe's third-largest insurance group Assicurazioni Generali has confirmed that company chairman, Cesare Geronzi has resigned its board "in the greater interest of the company".
In a short statement the company said that Geronzi had decided to step down "as a result of the situation that has developed owing to differences that prevent his involvement in Generali".
According to reports, Geronzi had clashed with board members over his role at Italy's biggest insurance group and large numbers of directors were thought...
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