(Alliance News) - Luigi Lovaglio has stated he is "confident" of securing his reappointment as CEO of Monte dei Paschi di Siena, banking on his track record and the EUR16 billion in dividends projected over the next five years. Despite being excluded from the board's official slate and stripped of his executive powers, the banker is running on the list submitted by the Tortora family of Plt Holding.
In an interview with Bloomberg TV on Thursday, reported by Milano Finanza, he declared: "I am confident and fully committed to delivering the plan. I am convinced that this commitment will be recognized by the market."
Lovaglio is counting on the support of institutional investors, who hold more than 50% of the share capital: "I feel comfortable being part of the Tortora list because I have always delivered results for our shareholders. The market is familiar with my track record."
The banker defended the integration plan with Mediobanca, describing it as "well-structured and unchanging," and expressed certainty that it will guarantee "high remuneration."
Regarding the 13% stake in Generali, he described it as a "nice to have" asset that is important for bancassurance, although the primary focus remains on CIB, private banking, and commercial banking. Finally, he downplayed the Milan-based investigation into Mediobanca, asserting that it "will not be an issue for re-election" and that "eventually everything will be clarified," bolstered by the fit and proper requirements confirmed by the bank in December.
By Michele Cirulli, Alliance News reporter
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