(Finance) – The Board of Directors of Generali Insurancewhich met today under the chairmanship of Andrea Sironi, approved the new organizational structure of the Group, on the proposal of the Group CEO, Philippe Donnet.
This new organizational structure – explains a note – is aimed at achieving the priorities of the Lifetime strategic plan Partner 24 Driving Growth, with the objectives of: strengthening the role of Group Head Office in the direction and coordination of the Group’s operational Business Units; strengthen the levers for achieving the efficiency objectives set out in the plan and accelerate the
digital transformation of the Group; further integrate sustainability into the business, through the implementation of the ESG strategy both on the investment side and on the product side, favoring the dissemination of the culture of sustainability within the Group; redefine the organizational and geographical coverage of markets and multi-country business lines, in order to favor their coordination and operational synergies.
There organizational structure hinges on the enhancement of the Group’s internal resources: The new composition of the Group Management Committee (GMC) will help ensure the success of the Lifetime Partner 24 Driving Growth plan.
The following organizational changes will be made effective from 1 September 2022: – Marco Sesana, currently Country Manager Italy and Global Business Lines, is appointed General Manager of Group Head Office, with responsibility for the following functions: Group Chief Transformation Officer, Group Chief Marketing & Customer Officer, Group Chief Investment Officer, Group Life & Health Insurance, Group P&C, Claims and Reinsurance and Group Sustainability and Social Responsibility. Giancarlo Fancel, currently Group Chief Risk Officer, is appointed Country Manager Italy. Carlo Ferraresi, currently CEO of Cattolica Assicurazioni, takes on the position of Group Chief Risk Officer, and joins the GMC. A new Business Unit is created, which includes Germany, Austria and Switzerland. Giovanni Liverani, currently Country Manager Germany and, ad interim, Austria & CEE Officer, takes on the position of CEO Germany, Austria and Switzerland. Stefan Lehmann, currently Chief Business Officer Exclusive Sales of Generali Deutschland, is appointed Country Manager Germany, reporting to the CEO of the new business unit, and joins the GMC. Jaime Anchústegui is confirmed CEO International. The perimeter of the International Business Unit is extended to the countries of Eastern Europe, and the overall organization of the Business Unit will be communicated later.
All the Global Business Lines – Generali Corporate and Commercial, Generali Employee Benefits and Arte Generali – are aggregated within the new Business Unit France, Europ Assistance and Global Business Lines, led by Jean-Laurent Granier.
As of today, Simone Bemporad, Group Chief Communications and Public Affairs Officer, who will also act as Group Spokesperson, and Antonio Cangeri, Group General Counsel, join the GMC.