Major Generali Investor Norges Backs Reappointment of CEO Donnet

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Norges Bank Investment Management, one of the main institutional investors in Generali, backs the reappointment of CEO Philippe Donnet, a proxy voting record on the website of the company running Norway’s sovereign wealth fund showed.

Shareholders in Italy’s biggest insurer vote on April 29 to name a new board and settle a shareholder fight that has seen Donnet’s candidacy challenged by a group of leading Italian investors who back instead former veteran Generali manager Luciano Cirina as CEO.

(Reporting by Valentina Za, editing by Maria Pia Quaglia)

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