Tuesday, January 26, 2016

General. The Greek goes to Zurich, title to peak at the Milan Stock – Rai News

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General announced in a statement that the group CEO Mario Greek informed in the evening the president Gabriele Galateri of his “unwillingness to another term as CEO,” the expiration of the current one, provided with the annual general meeting. Greek has expressed full readiness to continue to operate in all of its functions and in the interest of General until the end of the current mandate. The President shall shortly call the Board for a briefing.

From May 1 CEO of Zurich In the evening
Zurich announced in a statement the appointment of a CEO of the Greek company. Take office from 1 May. It succeeds Tom de Swaan, who had been appointed interim after the resignation of Martin Senn to
December. “We are pleased to welcome Mario Greek in Zurich after his tenure successful General,” said the interim president of Zurich Tom de Swaan. “Mario has a rare combination of entrepreneurial spirit – he added -, a deep knowledge of the industry and a proven track record as CEO that blocks our search for the next head of Zurich. His personal understanding of our company and our industry and its experience as a leader make it a single candidate for the position. “

” I am honored that I was asked to be part of Zurich at a critical time like the present to the insurance industry. ” The Greek says Mario, CEO of Generali preparing to move to the Swiss group. “Like many global players – Greek adds the statement issued by Zurich – recently the company had to face the challenges of the market, but I am sure that its strong global presence, the size of the talent present in it, and the strength of the brand provides all the ingredients for our future success. “

The output from General
Negotiations between the shareholders of Generali and Greek for the reappointment of managers in due this spring, it had been ongoing for several weeks. From all the great members of the company they were then collected voices, official or informal, about the intention to confirm it, even after the first news of an offer to take him to Zurich. Among the shareholders of Lion, in fact, it recorded an atmosphere quite clear on the outcome of the negotiations, so much so that it was not yet identified a possible substitute. At the moment, we exclude that the base of the desire to leave the Greek General there may be a dispute over management of the company. Questioned on Mediobanca General does not comment.
As he had learned in recent days in the institute of Piazzetta Cuccia gathered voices understanding for possible personal choice of Greek, and while hoping that eventually could agree a renewal, it also mentioned that on managers to lead the General has already made most of the requests that have been made by the partners, creating a major turnaround.
General closes weak (- 3%) on the Stock Exchange
possible ways out of the managing director Mario Greek have had a negative effect on the Generali stock market: the title, which in the afternoon was traveling down slightly cautious, closed down 3.1% to € 14.15 after a clear stream of sales in the last hour and a half session, which also resulted in a brief passage in the volatility auction.

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