Mps, ceo Lovaglio challenges the board of directors and presents his list, Bisoni as chairman
Tortora: 'Give continuity to the management's strategic design'
by Luca Davi
A twist in the game for the renewal of the governance of Banca Monte dei Paschi di Siena. Alongside the list of the outgoing board and the minority list of institutional investors, a third list has surprisingly been filed that is destined to reshuffle the cards ahead of the shareholders' meeting on 15 April.
It was presented by PLT Holding, the Tortora family's holding company that holds over 1.2% of Monte's capital. A list that does not limit itself to a testimonial presence but openly runs for the majority of the board, proposing 12 candidates and indicating for the top management a line of continuity with the current management.
In fact, the proposal sees the candidature of current CEO Luigi Lovaglio for a new term at the helm of the bank, flanked by Cesare Bisoni, former chairman of UniCredit, for the role of chairman. A tandem that is proposed as an alternative to the list of the outgoing board, from which Lovaglio had been excluded.
Completing the list are Flavia Mazzarella, Livia Amidani Alberti, Massimo Di Carlo, Patrizia Albano, Carlo Corradini, Paola Leoni Borali, Paolo Massimo Martelli, Andrea Cuomo, Paola Girdinio and Dante Campioni. Plt Holding also presented a list for the Board of Statutory Auditors, with Monica Vecchiati as Standing Auditor and Francesca Sandrolini as Alternate.
The initiative, explains chairman Pierluigi Tortora, aims to 'strengthen the continuity of a design' built 'successfully' by CEO Lovaglio, enhancing its industrial path and supporting 'a solid and balanced governance' capable of accompanying the bank in the most delicate phase of its transformation. A proposal defined as 'open', addressed to the entire shareholder base.
