Milan – Wed. 1st August 2012
At a meeting today chaired by Gabriele Galateri di Genola, the Board of Directors of Assicurazioni Generali coopted Mario Greco, and appointed him to the posts of Group CEO and General Manager of the company.
Mario Greco, 53, has worked in the insurance business for many years at an international level, holding senior management positions at a number of leading insurance groups in Italy and abroad.
Mario Greco also becomes a member of the Executive Committee and Chairman of the Investment Committee.
The Board ascertained that the new director meets the requirements of professionalism, good standing and independence required by law for insurance companies. Also, on the basis of the declarations provided, the board determined that the new Group CEO does not meet the independence requirement as set out by article 3 of the Voluntary Code of Conduct for listed companies and article 147-ter of the Consolidated Finance Act (TUIF). The board also ascertained that the conditions for disqualification pursuant to art. 36 of the "Save Italy" decree did not apply to the new director.