Generali CFO Minali preparing to resign: Source

Alberto Minali

(Reuters) — Generali Chief Financial Officer Alberto Minali is preparing to hand in his resignation, and a board meeting on Wednesday will discuss his position, a source with knowledge of the matter told Reuters on Monday.

The source said Mr. Minali's decision was due to disagreements with Chief Executive Philippe Donnet, who took over the helm at Italy's Assicurazioni Generali S.p.A. last year following the sudden departure of former CEO Mario Greco to rival Zurich Insurance Group Ltd.

Mr. Minali was already CFO when Mr. Donnet took over but was then also appointed managing director in addition to his previous responsibilities.

A second source with knowledge of the matter confirmed that Generali will hold a board meeting on Wednesday, but did without elaborating.

Mr. Minali did not immediately respond to an emailed request for comment. Speculation over Mr. Minali's pending departure was first reported by daily La Stampa over the weekend.