The internal atmosphere of the board at Monte dei Paschi has become increasingly tense following Luigi Lovaglio's announcement to run for election as the incumbent CEO. According to sources cited by Il Giornale, the board is scheduled to meet today to decide whether to remove him and strip him of his powers to prevent him from leading his electoral campaign. Meanwhile, Pierluigi Tortora, head of PLT Holding, has asserted the autonomy of this decision, refuting earlier claims that current Mediobanca President Vittorio Grilli was involved in the process.

The situation has further complicated as the third list put forth by the Tortora family’s PLT appears to aim at replacing the current presidential candidate in the running, Cesare Bisoni, with Grilli after the incorporation of Mediobanca has been completed. Reports indicate that Grilli's potential involvement would significantly shape the dynamics surrounding Lovaglio’s list, intensifying the ongoing rivalry within the bank's leadership.

This unfolding drama at Monte dei Paschi reflects broader implications for the bank's governance and strategy amid a volatile financial landscape. Should Lovaglio be removed, it could signal a significant shift in leadership, with repercussions not only for the bank’s internal structure but also for its external relationships, particularly concerning major stakeholders like Mediobanca and PLT Holding.