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Generali names replacement as CFO exits

  • Publish Date: Posted almost 6 years ago
  • Author:by Alan Jarque

Generali has named Cristiano Borean as group CFO, succeeding Luigi Lubelli who departs the company to pursue “other professional challenges.”

Borean, who currently serves as Generali France CFO, will become a member of the group management committee next month.

As well as a new CFO, the insurer will also see some further changes with a new organisational restructure which has been approved by the board of directors after being proposed by group chief executive Philippe Donnet.

These changes include two new roles which are; a general manager role which will be assumed by Frédéric de Courtois and a CEO International role taken on by Jaime Anchùstegui Melgarejo.

De Courtois will be responsible for these areas of the group head office: group CFO, group chief marketing & customer officer, group mergers & acquisitions, group strategy & business accelerator, and group operations & insurance.

Melgarejo will be in charge of operating companies and the regions.

Both new positions are directly under the group CEO.

Lastly, the restructure will involve the reorganisation of the global business lines & international structure resulting in the reallocation of duties meaning the country manager, Italy, Marco Sesana will be overseeing global corporate & commercial, Generali employee benefits, and Generali global health, while country manager France Jean-Laurent Granier will manage the Europ Assistance Group.

Donnet commented: “The new organisational structure will allow us to reach our objectives, making our group more efficient and leveraging on the quality of our management team,”

“On behalf of the group, I would like to thank Luigi Lubelli for his commitment to Generali in these years and, on a personal note, would like to thank him for supporting me.

“I wish Luigi all of the professional success he deserves in the future.”