Generali: new organization to support the success of the Lifetime Partner 24 Driving Growth plan

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Milan – The Board of Directors of Assicurazioni Generali, meeting today under the chairmanship of Andrea Sironi, approved the new organizational structure of the Group, as proposed by the CEO of the Group, Philippe Donnet.

This new organizational structure is designed to fully support the priorities of the strategic plan Partner for life 24 Driving growth. Its main objectives are to:

  • strengthen the steering and coordination role of the Group’s General Management vis-à-vis all the Business Units;

  • strengthen the levers aimed at achieving the plan’s operational efficiency objectives and accelerating the Group’s digital transformation;

  • further integrate sustainability into the core business, through the implementation of the Group’s ESG strategy in investments and products and the enrichment of the culture of sustainability within the Group;

  • redefine the organizational and geographic management of multi-country markets and businesses to facilitate coordination and operational synergies.

The organization relies on the strength of the Group’s talent pool: the new composition of the Group Management Committee (GMC) will contribute to the success of the Partner for life 24 Driving growth to plan.

The following organizational changes will come into effect on September 1st2022:

  • Marco Sesana, current Country Manager Italy and Global Business Linesis named Managing Director at Group Headquartersoverseeing the following functions: Group Chief Transformation Officer, Group Chief Marketing & Customer Officer, Group Chief Investment Officer, Group Life & Health Insurance, Group P&C, Claims and Reinsurance and Group Sustainability and Social Responsibility.

  • Giancarlo Fancel, currently Group Risk Directoris named Country Manager Italy. Carlo Ferraresi, currently CEO of Cattolica Assicurazioni, is appointed Group Risk Directorand joined the GMC.

  • A new Business Unit is created, including Germany, Austria and Switzerland. Giovanni Liverani, current Country Manager Germany and Austria & EWC Officer acting, is named CEO Germany, Austria and Switzerland. Stefan Lehmann, currently Chief Business Officer Exclusive Sales at Generali Deutschlandis named Country Manager Germanyreporting to the CEO of the new Business Unit, and joined the GMC.

  • Jaime Anchústegui is confirmed Global CEO. The International Business Unit is extending its scope to the countries of Eastern Europe and its global organization will be articulated at a later date.

  • All Global Business Lines – Generali Corporate and Commercial, Generali Employee Benefits and Arte Generali – are aggregated in the new Business Unit France, Europ Assistance and Global Business Linesdirected by Jean-Laurent Granier.

To date, Simone Bemporad, Group Communications and Public Affairs Directoralso appointed spokesperson for the group, and Antonio Cangeri, Group Legal Directorjoin the GMC.

Attached is the new organization chart of the Generali Group, including the composition of the GMC effective as of September 1stst2022.

Disclaimer

Assicurazioni Generali SpA published this content on June 22, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Jun 22, 2022 5:54:06 PM UTC.

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2022 sales 82,868 million
87,793 million
87,793 million
Net income 2022 2,853M
3,023 million
3,023 million
Net debt 2022 38,882 million
41,193M
41,193M
PER 2022 ratio 8.62x
2022 return 7.17%
Capitalization 24,785 million
26,258M
26,258M
EV / Sales 2022 0.77x
EV / Sales 2023 0.76x
# of employees 74,621
Floating 77.1%

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