Turnaround in MPS, Luigi Lovaglio returns to the helm of the Sienese bank

Turnaround in Mps  with the former administratorLuigi Lovagliowho returns to the command of the Sienese bank. This is the verdict ofriver meeting of members della Monte dei Paschi of Siena which saw three opposing lists, two majority and one minority, i.e. the one presented by the asset management companies and institutional investors.

Mps: Lovaglio wins, the votes of Delfin and Bpm are decisive

The meeting was attended by just over64% of the capitalwhich, after approving the 2025 budget, focused on renewing the board. In the end the list presented by wonPlt Holdingof the Tortora family, who obtained a quorum of 49.95% beating the list proposed by the Board of Directors, which received 38.79% of the votes. The votes ofdolphin (17,5%) e di Bpm Bank(3.7%) who sided with the former CEO, the protagonist of the restructuring of the institution and the controversial takeover of Mediobanca.

Absent from the meeting on Mef (4.8%) while Edizione della Famiglia Benetton (1.4%) abstained. Lovaglio, which overall received the overall support of 32.5% of the capital, also received the votes of some large funds such asBlackrock e Norway’swhile the list of the Board of Directors, which already started with 13.5% of the Caltagirone entrepreneur, was voted for by 25% of the capital.

Who joins the MPS board

They also join the boardCesare Bisoniindicated by the list of Plt Holding as president, the outgoing president Nicola Maione, Fabrizio Palermo, Flavia Mazzarella, Corrado Passera, Livia Amidani Aliberti, Massimo Di Carlo, Carlo Vivaldi, Patrizia Albano, Paolo Boccardelli, Carlo Corradini, Paola Leoni Borali, Antonella Centra and Paola De Martini.

Lovaglio: “Confidence and determination”

“I feel a great sense of gratitude towards the engineerPierluigi Tortoraand his family and an equally great sense of gratitude towards all our shareholders, who once again confirmed their trust in me. This confidence and encouragement add even more determination to do what we plan to do, and I can’t wait to start again,” he said immediately after the end of the meetingLovagliofor whom it will be easy to work with the new board as it is “very qualified”, also ensuring that it is not moved by any sense of “revenge” but solely by the “desire to implement ainnovative projectand that creates a lot of value for everyonestakeholders“.

Tortora: “Today is a starting point, not an arrival point”

The list that contained Luigi Lovaglio’s candidacy was voted by “many shareholders because we have achieved awhose raised” and therefore “I think that the major shareholders of reference but above all the market have placed their trust in us”, he saidPierluigi Tortorafor which today “is astarting pointand not a point of arrival”, with Lovaglio who will guarantee “continuitywith a project that will bring great results for the future.”