12 May 2016 Insurance

Generali approves new organisational structure

The Board of Directors of Italian insurance firm Generali have approved a review of the Group's organisational structure, on the proposal of the Group chief executive officer (CEO), Philippe Donnet.

A new function was approved, reporting directly to the Group CEO, called Global Business Lines & International, which consolidates the existing Global Business Lines unit (made up of the units Generali Global Corporate & Commercial, Generali Employee Benefits, Generali Global Health and Europ Assistance) and the regions: EMEA (led by Jaime Anchùstegui), Asia (led by Jack Howell) and the Americas (led by Antonio Cassio dos Santos).

The responsibility for this function has been entrusted to Frédéric de Courtois, who will join the Group within September 1, 2016. Frédéric de Courtois, graduated in engineering, is an experienced manager in the insurance sector. He has held senior roles in many international companies in Europe and Asia

Frédéric de Courtois will be appointed to the Group Management Committee (GMC) of Generali.

Luciano Cirinà, CEE Regional Officer, and Valter Trevisani, as group chief insurance officer, become part of the GMC with immediate effect.

Carsten Schildknecht, group chief operating officer (GCOO), will leave the Group on July 31, 2016. The general manager will assume direct responsibility for the functions that are currently covered by the GCOO, which will be the subject of a forthcoming reorganisation.
Regarding the governance of the Country Italy, the Board of Directors of Generali approved the separation of the role of country manager, which will be maintained by Philippe Donnet, to whom the CEO of Generali Italia, Alleanza Assicurazioni, Genertel, Genertellife, DAS. and Banca Generali will report, from that of CEO and general manager of Generali Italia.

In this context, the Board of Directors of Generali Italia, to be convened on May 12, 2016, will have on its agenda the appointment of Philippe Donnet as chairman and Marco Sesana, currently chief insurance and operations officer of the company, as CEO and general manager.

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