Institutional Investors

Why you’re here: the vote for our slate

Assicurazioni Generali has called a Shareholders’ Meeting, scheduled to take place on April 29th, 2022, with the purpose of electing the members of the new Board of Directors.

This is a great opportunity for a discontinuity that Generali needs as:

  • its strategic positioning has been weakening over time
  • the latest “Lifetime Partner 24” Plan lacks ambition and does not address current strategic weaknesses
  • current governance is hindering the full potential of the Group

To “Awaken the Lion”, Caltagirone Group is promoting a best-in-class slate with candidates for CEO and Chairman that commit to execute a much more ambitious strategic program, targeting by 2024 significantly higher Group profitability and much better positioning for further growth.

All candidates on the slate showcase strong and highly complementary competencies that will make such a program a success.

Letter to Shareholders View Letter
Press Release and Contacts View Press Release

Understand us better

Our ambition is to make Generali more profitable, better positioned for growth and transparent to shareholders.
How? Through a truly ambitious, highly executable strategic program and a completely fresh, independent slate of candidates to make Generali’s Board a gold-standard.

Our Program View Presentation
News about us View News
Interview to Mr. Costamagna View interview

Candidates

~85%
independent
54-46%
men-women
30%+
with distinctive knowledge on each area needing growth in: Asset Management, Tech, ESG and M&A.
Francesco Gaetano Caltagirone
Not Independent
One of Italy's best-known entrepreneurs, he leads the Caltagirone Group, which he founded and which today consists of several listed companies operating in various sectors, including real estate, cement production, publishing, large-scale construction and finance. Between 2010 and 2022, he was Deputy Vice-Chairman of Assicurazioni Generali. In 2006, he was appointed “Cavaliere del Lavoro” (Italian State honour) of the Italian Republic. He brings to the Slate entrepreneurial vision and extensive knowledge in insurance, finance, asset management and governance at listed companies.
Marina Brogi
Independent
Italian economist with 20 years of experience in research and education in banking and finance. She has pursued an academic career at several Italian and international universities and business schools (including Bocconi, Cà Foscari, LBS, BI Norwegian School of Business). She is member of the Board of Directors of MFE MediaforEurope NV. She has held multiple positions on the Boards of Directors of listed companies, which, together with her field of study, have made her a great expert in governance, with strong skills in control and risk.
Flavio Cattaneo
Independent
He was CEO of Terna, TIM and NTV and since 2021 founder and majority shareholder of Itabus. Recognised as one of Italy’s top managers, with strategic vision and strong skills in restructuring, relaunch and development, he has worked in complex environments and in companies internationally. He brings expertise in finance, listed company governance, technology and innovation.
Roberta Neri
Independent
Manager of public and private Italian companies, she was Chief Executive Officer of ENAV, where she successfully managed the listing on the stock exchange of the above-mentioned company. She previously served as CFO of ACEA. She holds numerous positions on the Boards of Directors of Italian listed and non-listed companies. She brings recognised financial expertise, excellent visibility and a network of international investors as well as extensive ESG experience.
Claudio Costamagna
Independent - Candidate Chairman of the Board of Directors
He was at Goldman Sachs for many years, first becoming Head and then Chairman of the Investment Banking Division for EMEA after stints at Citibank and Montedison. After Goldman Sachs, he created his own M&A boutique, executing numerous financial transactions for Italian and international clients and at the same time sitting on the Boards of Luxottica, Bulgari, Autogrill, Richard Branson's Virgin Holding, Breakingviews and is still on the Board of FTI Consulting, a company listed on the NYSE. He was also Chairman of Salini Impregilo from 2012 to 2015, of Cassa Depositi e Prestiti from 2015 to 2018 and of AAA, a French biotech company listed on the Nasdaq in 2015 and sold to Novartis in 2018 and of REVO and Elba Assicurazioni until March 2022. Today he sits on the Boards of Directors of Ferragamo Finanziaria, Finarvedi and Gruppo API.
Luciano Cirinà
Candidate Chief Executive Officer
He has managed for many years all Eastern Europe for the Generali Group (Czech Republic, Slovakia, Hungary, Poland, Romania, Bulgaria, Serbia, Slovenia, Croatia + Austria), a complex region due to the range of legislation, currencies and languages. This geographical area, under his leadership, has been the fastest-growing over recent years. Born in Trieste, Cirinà brings 30 years of insurance experience and is considered by many within the Company to be the successor to the current Chief Executive Officer and is held in particular esteem and respect by all staff.
Alberto Cribiore
Independent
International banking and financial world personality, he was a member of the Board of Directors and Global Chairman of Merrill Lynch and was Vice President of Citi's Institutional Clients Group. As a member of the Senior Advisory Group, he has served Citi's largest and most important clients, interfacing with Boards of Directors of global corporations, Governments and Central Banks. He brings significant financial and asset management expertise to the slate.
Maria Varsellona
Independent
From April 1st, she will be General Counsel Global of Unilever. She served until the end of February as General Counsel, Secretary of the Board and member of ABB's Executive Committee. She was previously at Nokia where she served as Head of Legal and President of Nokia Technologies. She has also been a Director at Alcatel Lucent, Nordea Bank and Nokia Shanghai Bell. She brings relevant and international experience in legal, compliance and governance, as well as extensive experience in technology.
Paola Schwizer
Independent
Full Professor of Economics of Financial Intermediaries at the University of Parma where she teaches Risk Management and Affiliated Professor at SDA Bocconi School of Management in Milan. She holds several scientific positions in primary Italian Universities. Member of the Steering Committee of the Jean Monnet Center of Excellence for Sustainable Finance, she has held multiple positions on the Boards of Directors of listed companies, such as, for example, TIM and Credem, due to such positions, she has acquired a great expertise in governance. She is currently a member of the Board of HERA and of Ferrovie dello Stato.
Andrea Scrosati
Independent
Currently CEO Continental Europe and global COO of Freemantle, a Bertelsmann Group company, world leader in branded and digital entertainment. He is one of the Country's leading communication experts, having held top positions in Sky Italia, developing the company and relaunching its content. Internationally recognised, he is a manager who brings strategic vision and great experience in the world of innovation and digital.
Stefano Marsaglia
Independent
Bringing more than 30 years of experience in investment banking (Rothschild, Barclays), with different roles in M&A, IPO and Debt across EMEA, Asia and America, his focus has particularly been on the financial institutions sector. He was also Executive Chairman Corporate and Investment Banking of Mediobanca. He is now CEO of Azzurra Capital, a private equity firm, he is also a member of the Advisory Board of Affinity, a multinational company engaged in the field of AI. He brings expertise in insurance, asset management and digital technology.
Nicoletta Montella
Independent
She is currently Head of the Legal and Compliance Department at NTV, after many years of previous experience in roles of responsibility in the Legal Department of TIM, where she was Head of Legal Operations. She has been Director of Nordcom Spa, Telecom Italia Trust Technologies, Timvision Srl. She brings experience in the legal and governance field of listed companies to the slate.
Patrizia Michela Giangualano
Independent
Governance expert, she sits on the Boards of several internationally-focused Italian listed companies such as Leonardo, Ferragamo and Saipem. She was previously a Director at UBI. She is a consultant in the field of sustainability (ESG) and Secretary of the Italian Alliance for Sustainable Development (ASVIS). Previously an Associate Partner at PWC in financial services, she has extensive insurance and financial industry knowledge, particularly in the area of control and risk.

About us

The Caltagirone Group is one of the main multinational industrial groups headquartered in Italy. It has been operating for more than 130 years and has now diversified through several listed companies operating in 18+ countries worldwide, with more than 3.500 employees across a wide array of industries: real estate, commodities, publishing, infrastructures, asset management, and finance. Caltagirone Group is currently the second largest shareholder of Assicurazioni Generali. The Group was refounded 50 years ago by Mr. Francesco Gaetano Caltagirone, who is currently its Chairman.