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Banca Monte dei Paschi di Siena SpA formally removed CEO Luigi Lovaglio after stripping him of his powers.
Updated ·First reported ·1 source
Summary
Banca Monte dei Paschi di Siena has formally removed Chief Executive Officer Luigi Lovaglio from his position. The bank's board had previously stripped him of his powers after he defied their plan to replace him.
Key Facts
- •Banca Monte dei Paschi di Siena has formally fired CEO Luigi Lovaglio.[1]confirmed
- •The board previously stripped Lovaglio of his powers for defying a plan to replace him.[1]confirmed
Locations
SienaItaly, Tuscany
43.32, 11.33Sources (1)
- initial report
Changelog
initial reportv1
Automated synthesis
Show summary
Banca Monte dei Paschi di Siena has formally removed Chief Executive Officer Luigi Lovaglio from his position. The bank's board had previously stripped him of his powers after he defied their plan to replace him.
- • Banca Monte dei Paschi di Siena has formally fired CEO Luigi Lovaglio.
- • The board previously stripped Lovaglio of his powers for defying a plan to replace him.