Fabrizio Palermo, Carlo Vivaldi, and Corrado Passera have been indicated as potential CEOs of Mps, while Nicola Maione is in line for reappointment as president, with a shareholder meeting set to finalize these decisions.
The article details the upcoming shareholder meeting for Mps, where a list of 20 potential candidates has been approved, including Fabrizio Palermo, Carlo Vivaldi, and Corrado Passera as contenders for the CEO position. Nicola Maione is also positioned for reappointment as president. The decision will come after a double voting process set for April 15, which will determine the company's new leadership before the assembly of shareholders.
Luigi Lovaglio, the current CEO of Mps, will not be included in the new list of candidates, marking the end of his over four-year tenure. During his time, Lovaglio oversaw significant developments, including a capital increase of €2.5 billion in November 2022, a strategic turnaround, and the bank's return to profitability, along with a major operation concerning Mediobanca scheduled for 2025. Despite this progress, he faced challenges, including an inquiry by the Milan prosecutor into potential irregularities in the operation concerning Piazzetta Cuccia.
The article underscores the tension within the Mps board regarding changes at Mediobanca and mentions a lukewarm reception to an industrial plan, suggesting underlying issues that could impact future decisions. As stakeholders prepare for the assembly, the dynamics at play hint at significant transformations in the governance of Mps, reflecting broader trends in Italy’s banking sector.
