Generali Investor Deka Will Vote for Current Management, Led by CEO Donnet

Generali investor Deka Investment will vote in favor of current management led by chief executive Philippe Donnet, the asset manager’s head of corporate governance said on Monday.

Shareholders in Italy’s biggest insurer vote on Friday to name a new board and settle a shareholder fight that has seen Donnet’s candidacy challenged by a group of leading Italian investors.

The alternative resolutions show a “lack of clarity,” said Ingo Speich, head of sustainability and corporate governance at Deka.

“We demand all involved parties… focus on the long-term shareholder return and not on particular interests,” he said by email.

(Reporting by Carolyn Cohn; Editing by Jan Harvey)