During the Morgan Stanley European Financials Conference in London, Luigi Lovaglio, CEO of Monte dei Paschi di Siena, addressed analysts about the ongoing governance process while stressing the stability of the strategic plan in collaboration with Mediobanca. When questioned about recent board decisions regarding his potential exit following the successful acquisition process related to Mediobanca, Lovaglio opted for a cautious reply and refrained from commenting on the governance changes.

Lovaglio made it clear that, despite the changes in leadership, the strategic plan to integrate with Mediobanca is fully operational and remains strategically and financially robust. He reassured investors about the commitment to a robust financial future, highlighting an ambitious target of €16 billion in shareholder remuneration in the coming years, underlining confidence in the strategic direction despite potential governance shifts.

The comments come at a crucial time as Monte dei Paschi navigates the implications of its governance structure and the integration with Mediobanca. Lovaglio’s statements aim to comfort investors, indicating that the focus remains on executing the strategic plan and providing financial returns to shareholders, even in the face of turbulent leadership decisions.