Mps: the board unravels the knot, Palermo is the ceo candidate
The current CEO of Acea and former number one at Cdp is the indicated profile
by R.Fi.
The board of directors of Banca Monte dei Paschi di Siena has named Fabrizio Palermo, Acea's current CEO, as the designated candidate for the group's operational leadership in view of the board renewal.
Palermo was already among the most accredited names on the list of twenty candidates prepared by the board of directors according to the new Capital Law rules and filed ahead of the shareholders' meeting on 15 April. The bank, at that stage, had not indicated a single profile but a shortlist of three possible candidates, which also included Corrado Passera and Carlo Vivaldi.
Palermo's choice represents a signal of greater clarity to the market in the definition of future governance, in a particularly delicate phase for Monte, while at the same time the current CEO Luigi Lovaglio has decided to accept candidacy in an alternative list, presented by Plt Holding, after being excluded from the board list.
