Greek General leaves and passes in Zurich. Down the title of Lion – Il Sole 24 Ore

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This article was published on 26 January 2016 at 15:52.
The last change is the 26 January 2016 at 19:59.

The General formalized the release of CEO Mario Greek, as announced this afternoon by the site of the Sun 24 Hours, and Zurich announces its arrival as the new number one from 1 May.

In a statement, the company indicates that the Trieste Greek “informed in the evening the President of the company, Gabriele Galateri di Genola, his unwillingness to another term as CEO at the expiry of the existing, planned in Coinciding with the meeting to approve the budget “in 2015, scheduled for 28 April. Greek has “also expressed their 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 “took note, with regret, the communication and shall shortly call the board of directors for a briefing.”

In the evening Zurich Insurance issued a statement with the announcement of the passage of Italian managers to the Swiss company from 1 May. After months of rumors, then, the CEO of the Lion of Trieste has chosen to pursue their careers elsewhere. The landing at the top of Zurich was given as probable after December 1 last year, the CEO Martin Senn had said goodbye to the Swiss insurance group. Greek had been manager of Zurich for five years at the helm of General Insurance prior to joining General in August 2012. “We are very pleased to welcome Mario Greek in Zurich after his success as CEO of Generali – states President and CEO Interim Tom de Swaan – Mario offers a rare combination of entrepreneurial spirit, deep industry knowledge and proven track record as CEO on which it based the search for the next leader of Zurich, “continues de Swaan, stressing that” His understanding of our group and our industry and his past experience as a leader make a single candidate for the role. “

Greek, 56, goes away despite the members have tried to restrain him. For some time the CEO was negotiating with the company to review the terms of the contract. The partners, on several occasions, expressed their appreciation for the work done and continue to acknowledge the hard work manager for the insurance company back on track.

The title General reacted to the news by accelerating the fall in the stock market up to 13.90 euro (-4.8%). After a brief suspension, the stock resumed trading and closed down 3% to € 14.17. Zurich has instead closed up the Zurich stock exchange by 0.59% to 221.80 Swiss francs.

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