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Generali recruits new CEO from within own ranks

Bnamericas Published: Friday, March 18, 2016
Generali recruits new CEO from within own ranks

The board of directors of Italian insurance giant Assicurazioni Generali appointed Philippe Donnet as the group's new CEO.

The position had been vacant since the end of January when Mario Graco left to become boss at rival Zurich Insurance Group.

Donnet has been Generali Italia's country manager since July 2013.

"Under the leadership of Donnet, Generali Italia accomplished a rapid integration of its business activities, along with a substantial simplification and rationalization of distribution networks, brands, products, operating and organizational structure," Generali said in a release.

Along with Donnet, the company also appointed Alberto Minali as general manager.

Minali has been group CFO since 2012.

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