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19 June 2013

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Generali under pressure to oust CEO

Generali’s shares leap 10% after CEO ousting

6 June 2012

The share price in Italian powerhouse Generali is now up 10 percent following the ousting of CEO Giovanni Perissinotto by disaffected shareholders.

Shares in Generali were trading at EUR9.335 at 9.30am UK time (6 June), up 9.96 percent from the closing price last week of EUR8.49, after Perissinotto "resigned" at the weekend.

A special meeting of the board of directors voted to remove Perissinotto on Saturday (2 June), citing a need to "bring about change in the company's management"...

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