Mps: 2.5 million annual remuneration for the 12 directors of Mediobanca

Mediobanca's board of directors will have 12 members and a maximum of EUR 2.5 million in gross annual remuneration for the directors. This is the proposed resolution presented by the controlling shareholder Mps in view of the shareholders' meeting to be held on 28 October, which will be called to renew the entire board of directors for 2026-2028. In detail, the sum of EUR 2.5 million excludes the remuneration for the future chairman, Vittorio Grilli, and the future CEO, Alessandro Melzi d'Eril.

Last Friday, Mps had deposited a list of twelve names for the Mediobanca board of directors, headed by Vittorio Grilli and Alessandro Melzi d'Eril, candidates for the roles of chairman and managing director respectively. The Italgas CEO Paolo Gallo, former Sky Italia CEO Andrea Zappia, former Consob deputy CEO Tiziana Togna, Iris Ceramica CEO Federica Minozzi, former Crt Foundation secretary Massimo Lapucci, Acea and Snam mayor Ines Gandini, former Generali chief risk officer Sandro Panizza, Mgm Studio Legale partner Giuseppe Matteo Masoni, and Mps managers Donatella Vernisi and Silvia Fissi make up the shortlist.

According to Consob's snapshot, at the end of the takeover bid that brought the Tuscan bank to 86.348% of Piazzetta Cuccia, Monte dei Paschi's shareholders include Delfin (Del Vecchio family) with 17.533% (up from 20.949% in mid-September before the re-opening of the terms of the bid), Francesco Gaetano Caltagirone with 10.262% (up from 12.259%), the Ministry of Economy and Finance with 4.863% (up from 11.3% before the launch of the bid) and Banco Bpm with 3.741% (up from 4.471% in mid-September). Giorgio Girondi (chairman of Ufi filters) has diluted his shareholding from 3% to 2.85%.

On 8 October, Mediobanca's board of directors supplemented the agenda of the shareholders' meeting of 28 October with the inclusion, at the request of Mps, of the item concerning the appointment of Pwc as auditor, in place of EY.