The nominations committee, led by Domenico Lombardi and supported by advisor Korn Ferry, has yet to resolve its deliberations over the "short list" of twenty names to be submitted to the April 15 shareholders' meeting. Despite mounting pressure, a final decision has been postponed: discussions will continue in the coming hours in hopes of reaching a consensus by Friday, the final deadline before the list is presented to the Board of Directors.

At the heart of the debate is the future of CEO Luigi Lovaglio and Chairman Nicola Maione. Both enjoy strong market support thanks to solid results achieved, but their reappointment must align with new shareholder balances and the upcoming integration with Mediobanca. Rumors suggest high-profile candidates are being considered: from Fabrizio Palermo of Acea to Carlo Vivaldi, formerly of UniCredit, as well as Corrado Passera and Massimo Caputi.

Adding complexity is the introduction of the Capital Law, which, with its new mechanism of double voting on individual candidates, introduces an unprecedented element of uncertainty to the outcome of the assembly. Should negotiations among shareholders accelerate, the final list could be approved as soon as Wednesday; otherwise, a "photo finish" is expected on March 5.

By Michele Cirulli, Alliance News reporter

Comments and questions: redazione@alliancenews.com

Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Approximate price	Change	5d. change	Capi.
BANCA MONTE DEI PASCHI DI SIENA S.P.A.	8.926EUR	+1.50%	+10.52%	31.46B
UNICREDIT S.P.A.	69.53EUR	+0.51%	+1.46%	122B
MEDIOBANCA S.P.A.	20.04EUR	+1.98%	+10.87%	18.66B
KORN FERRY	65.42USD	+1.69%	+2.30%	3.39B

Latest news about Banca Monte dei Paschi di Siena S.p.A.

Apr. 16	Equities in the green; commodities trend higher	AN
Apr. 16	European Midday Briefing : Shares Rise as Hope for Middle East Peace Lifts Mood	DJ
Apr. 16	Milan leads European gains at the open; BPM rallies	AN
Apr. 16	Futures lack momentum; focus remains on Middle East	AN
Apr. 16	MPS: Over 65% Turnout at AGM; 15-Member Board Formed Pending Chairman Appointment	AN
Apr. 16	Generali faces growing instability as "white knight" rumors surface to secure control	AN
Apr. 16	MPS: New governance faces first test with chairmanship appointment	AN
Apr. 15	Monte dei Paschi investors reinstate ousted CEO Lovaglio at the helm	RE
Apr. 15	Banca MPS shareholders confirm Lovaglio as CEO	RE
Apr. 15	European markets mixed as Lovaglio retains control of MPS	AN
Apr. 15	Lovaglio slate wins 8 seats on MPS board, rival list gets 6	RE
Apr. 15	Monte dei Paschi shareholders reinstate ousted CEO Lovaglio	RE
Apr. 15	Montepaschi: Lovaglio reappointed with Banco BPM support	AN
Apr. 15	Italy's MPS shareholders back slate with Lovaglio as CEO, source says	RE
Apr. 15	Monte dei Paschi investors vote to settle CEO contest	RE

Luigi Lovaglio

Currently, Luigi Lovaglio holds the position of Chief Executive Officer & General Manager of Credito Valtellinese SpA. In the past he occupied the position of President-Management Board & CEO at BANK POLSKA KASA OPIEKI SA and Executive Director & Deputy Chairman at UniCredit Bulbank AD. Luigi Lovaglio received an undergraduate degree from the University of Bologna.

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Company Profile

Banca Monte dei Paschi di Siena S.p.A. (BMPS) is a banking group organized around 4 areas of activity: - commercial banking: standard network banking activities and specialized financial services (leasing, factoring, consumer loan, etc.); - business, finance, and investment banking: structured financing, financial consulting, venture capital, financial engineering (intended for the environment and food-processing sectors); - asset management; - bank insurance. At the end of 2025, the group managed EUR 120.3 billion of current deposits and EUR 158.6 billion of current credits. Products and services are marketed through a network of 1,258 branches located in Italy and through international subsidiaries and representative offices.

Employees

21,138

Sector

Banks

Calendar

May. 06 - Earnings release - Q1 2026

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