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Appointed CEO of Generali Group on 17 March 2016,<ref>{{Cite news|url=https://www.reuters.com/article/generali-ceo-idUSI6N16A012|title=Generali committee picks Donnet as CEO, Minali as MD-source|access-date=5 May 2017}}</ref><ref>{{Cite news|url=http://www.corriere.it/economia/16_marzo_18/generali-utile-2015-2-miliardi-dividendo-cresce-20percento-6e7201c0-ecd4-11e5-a691-1e1091159f0c.shtml|title=Donnet: «Inizia un nuovo percorso Generali vincerà la sfida dei mercati Fondamentale è fare squadra»|work=Corriere della Sera|access-date=8 May 2023}}</ref> under his management the Group's results improved significantly between 2016 and 2021: the operating result grew from 4.8 billion to reach 5.9 billion euros (the best operating result ever),<ref>{{Cite web|url=https://www.teleborsa.it/News/2022/03/15/generali-risultato-operativo-record-nel-2021-donnet-manteniamo-promesse-fatte-al-mercato-5.html|title=Generali, risultato operativo record nel 2021. Donnet: manteniamo promesse fatte al mercato|website=Teleborsa|access-date=8 May 2023}}</ref> the net result reached 2.8 billion from 2.0 billion euros, [[Debt|debt]] dropped to 9.6 billion from 13.1 billion euro, and the [[Solvency ratio|Solvency Ratio]] rose to 227%, up from 175%.<ref>{{Cite web|url=https://www.generali.com/media/press-releases/all/2017/Consolidated-Results-as-of-31-December-2016-Press-Release|title=GENERALI GROUP CONSOLIDATED RESULTS AT 31 DECEMBER 2016 - Press release (1)|website=generali|access-date=8 May 2023}}</ref><ref>{{Cite web|url=https://www.generali.com/media/press-releases/all/2022/Consolidated-Results-as-of-31-December-2021|title=Generali Group Consolidated Results as of 31 December 2021(1)|website=generali|access-date=8 May 2023}}</ref> Under his guidance, Generali renewed its relationship with [[Venice]], collaborating in the restoration of the Royal Gardens (2019),<ref>{{Cite web|url=https://www.venicegardensfoundation.org/generali-assicurazioni-partner-del-restauro-dei-giardini-reali-di-venezia|title=Generali Assicurazioni partner del restauro dei Giardini Reali di Venezia {{!}} Venice Gardens Foundation|website=www.venicegardensfoundation.org|access-date=2023-04-04}}</ref> restoring the [[Procuratie#Procuratie_Vecchie|Procuratie Vecchie]] (reopened to the public in 2022),<ref>{{Cite web|url=https://www.artribune.com/progettazione/architettura/2022/04/procuratie-vecchie-chipperfield/|title=Riaprono le Procuratie Vecchie a Venezia|author=Arianna Testino|date=8 April 2022|access-date=8 May 2023}}</ref><ref>{{Cite web|url=https://www.ilrestodelcarlino.it/venezia/procuratie-vecchie-inaugurate-1.7548679|title=Procuratie Vecchie Venezia, inaugurate dopo il restauro. Zaia: "Opera faraonica" - Cronaca|website=il Resto del Carlino|date=8 April 2022|access-date=8 May 2023}}</ref> and participating in the foundation of the association "Venice, the world capital of sustainability.”<ref>{{Cite web|url=https://hydronews.it/venezia-vuole-diventare-capitale-mondiale-della-sostenibilita-puntando-sullidrogeno/|title=Venezia vuole diventare “capitale mondiale della sostenibilità” puntando sull’idrogeno|website=HydroNews|date=13 July 2021|access-date=8 May 2023}}</ref>
Appointed CEO of Generali Group on 17 March 2016,<ref>{{Cite news|url=https://www.reuters.com/article/generali-ceo-idUSI6N16A012|title=Generali committee picks Donnet as CEO, Minali as MD-source|access-date=5 May 2017}}</ref><ref>{{Cite news|url=http://www.corriere.it/economia/16_marzo_18/generali-utile-2015-2-miliardi-dividendo-cresce-20percento-6e7201c0-ecd4-11e5-a691-1e1091159f0c.shtml|title=Donnet: «Inizia un nuovo percorso Generali vincerà la sfida dei mercati Fondamentale è fare squadra»|work=Corriere della Sera|access-date=8 May 2023}}</ref> under his management the Group's results improved significantly between 2016 and 2021: the operating result grew from 4.8 billion to reach 5.9 billion euros (the best operating result ever),<ref>{{Cite web|url=https://www.teleborsa.it/News/2022/03/15/generali-risultato-operativo-record-nel-2021-donnet-manteniamo-promesse-fatte-al-mercato-5.html|title=Generali, risultato operativo record nel 2021. Donnet: manteniamo promesse fatte al mercato|website=Teleborsa|access-date=8 May 2023}}</ref> the net result reached 2.8 billion from 2.0 billion euros, [[Debt|debt]] dropped to 9.6 billion from 13.1 billion euro, and the [[Solvency ratio|Solvency Ratio]] rose to 227%, up from 175%.<ref>{{Cite web|url=https://www.generali.com/media/press-releases/all/2017/Consolidated-Results-as-of-31-December-2016-Press-Release|title=GENERALI GROUP CONSOLIDATED RESULTS AT 31 DECEMBER 2016 - Press release (1)|website=generali|access-date=8 May 2023}}</ref><ref>{{Cite web|url=https://www.generali.com/media/press-releases/all/2022/Consolidated-Results-as-of-31-December-2021|title=Generali Group Consolidated Results as of 31 December 2021(1)|website=generali|access-date=8 May 2023}}</ref> Under his guidance, Generali renewed its relationship with [[Venice]], collaborating in the restoration of the Royal Gardens (2019),<ref>{{Cite web|url=https://www.venicegardensfoundation.org/generali-assicurazioni-partner-del-restauro-dei-giardini-reali-di-venezia|title=Generali Assicurazioni partner del restauro dei Giardini Reali di Venezia {{!}} Venice Gardens Foundation|website=www.venicegardensfoundation.org|access-date=2023-04-04}}</ref> restoring the [[Procuratie#Procuratie_Vecchie|Procuratie Vecchie]] (reopened to the public in 2022),<ref>{{Cite web|url=https://www.artribune.com/progettazione/architettura/2022/04/procuratie-vecchie-chipperfield/|title=Riaprono le Procuratie Vecchie a Venezia|author=Arianna Testino|date=8 April 2022|access-date=8 May 2023}}</ref><ref>{{Cite web|url=https://www.ilrestodelcarlino.it/venezia/procuratie-vecchie-inaugurate-1.7548679|title=Procuratie Vecchie Venezia, inaugurate dopo il restauro. Zaia: "Opera faraonica" - Cronaca|website=il Resto del Carlino|date=8 April 2022|access-date=8 May 2023}}</ref> and participating in the foundation of the association "Venice, the world capital of sustainability.”<ref>{{Cite web|url=https://hydronews.it/venezia-vuole-diventare-capitale-mondiale-della-sostenibilita-puntando-sullidrogeno/|title=Venezia vuole diventare “capitale mondiale della sostenibilità” puntando sull’idrogeno|website=HydroNews|date=13 July 2021|access-date=8 May 2023}}</ref>


In May 2016, he was appointed Chairman of [[Generali Italia]], a role he held until August 2022.<ref>{{Cite web|url=https://nordesteconomia.gelocal.it/economia/2016/05/12/news/generali-prime-mosse-di-donnet-sesana-direttore-1.38787987|title=Generali, prime mosse di Donnet: Sesana direttore di Generali Italia|website=Nord Est Economia|date=12 May 2016|access-date=9 May 2023}}</ref>
In 2022, Generali’s outgoing board put forward Donnet for a third mandate as CEO. Ahead of a shareholder vote, [[Francesco Gaetano Caltagirone]] and [[Leonardo Del Vecchio]] who are, respectively, Generali's second- and third-largest investors, proposed naming Luciano Cirina as its new chief executive, in a challenge to Donnet's reappointment.<ref>Stefano Bernabei (15 March 2022), [https://www.reuters.com/business/finance/generali-investor-proposes-naming-insurers-austria-chief-ceo-2022-03-15/ Generali investor proposes naming insurer's Austria chief as CEO] ''[[Reuters]]''.</ref> Donnet subsequently ended Cirina’s employment with immediate effect, citing breach of contract.<ref>Agnieszka Flak (28 March 2022), [https://www.reuters.com/article/generali-governance-idCNL5N2VV26D Generali fires Donnet's internal rival in battle for CEO seat] ''[[Reuters]]''.</ref>

In 2022, Generali’s outgoing board put forward Donnet for a third mandate as CEO.<ref>{{Cite news|author=Stefano Bernabei|url=https://www.reuters.com/business/finance/generali-investor-proposes-naming-insurers-austria-chief-ceo-2022-03-15/|title=Generali investor proposes naming insurer's Austria chief as CEO|work=Reuters|date=15 March 2022|access-date=9 May 2023}}</ref> On 29 April 2022, Donnet was reconfirmed as Group CEO of Generali, with the majority of votes of the Shareholders' Meeting in favour of his reappointment.<ref>{{Cite web|url=https://www.generali.com/media/press-releases/all/2022/The-2022-Annual-General-Meeting-approves-the-2021-financial-statements-and-appoints-the-new-Board-of-Directors|title=The 2022 Annual General Meeting approves the 2021 financial statements and appoints the new Board of Directors|website=generali|access-date=9 May 2023}}</ref><ref>{{Cite web|url=https://www.ansa.it/sito/notizie/economia/2022/04/29/generali-lista-del-cda-con-donnet-vince-in-assemblea_651fd059-5e3b-4c03-b9fe-a36d51ff3607.html|title=Generali: lista del cda con Donnet vince in assemblea - Economia|website=Agenzia ANSA|date=29 April 2022|access-date=9 May 2023}}</ref>


== Other activities ==
== Other activities ==

Revision as of 07:28, 9 May 2023

Philippe Donnet
Philippe Donnet
Born (1960-07-26) July 26, 1960 (age 64)
Suresnes, France
Alma materÉcole Polytechnique, Institut des Actuaires
EmployerAssicurazioni Generali
TitleCEO
Term2016–present

Philippe Donnet (born 26 July 1960 in Suresnes, France) is a French business executive with Italian citizenship and has been the CEO of Assicurazioni Generali since March 2016.[1][2]

Education

Donnet entered École Polytechnique in 1980 and graduated in Engineering in 1983; there he met Claude Bébéar, the founder of AXA, who later became his mentor.[3] In 1986, he became an actuary,[4] and in 1991 he became agrégé at the Institute of Actuaries of France.[5][6][7]

Career

Early career

In 1985, Donnet began his insurance career at AXA,[5] where he held different positions until 1997, when he was appointed Deputy Managing Director of AXA Conseil.[8]

In 1999, Donnet was appointed CEO of AXA Assicurazioni in Italy[5] and then in 2001 he was appointed Regional CEO, responsible for the Mediterranean region, Middle East, Latin America and Canada.[6] Additionally, in 2002, Donnet was assigned the role of chairman and CEO of AXA Re as well as Chairman of AXA Corporate Solutions.[8] In 2003, Donnet was named CEO of Axa Japan[9] where he operated in the context of an economy characterized by very low interest rates;[3] in 2006 he took on the role of CEO for the entire Asia-Pacific region.[6][10]

In 2007, he left the insurance sector for a period of six years to take on the position of General Manager for the Asia-Pacific region at Wendel Investissement, Singapore.[9] In 2010, Donnet founded HLD, an investment firm. In 2008, he joined the Board of Directors of Vivendi, a role he kept until 2016.[11]

Career at Generali

Donnet joined Generali in 2013 as country manager for Italy and CEO of Generali Italy.[12][13] He led the integration of five Generali Group brands (Generali, Ina Assitalia, Toro, Lloyd Italico e Augusta).[14][15] In the same period, starting from February 2015, he held the position of Chairman of the MIB School of Management in Trieste for three years.[16]

Appointed CEO of Generali Group on 17 March 2016,[17][18] under his management the Group's results improved significantly between 2016 and 2021: the operating result grew from 4.8 billion to reach 5.9 billion euros (the best operating result ever),[19] the net result reached 2.8 billion from 2.0 billion euros, debt dropped to 9.6 billion from 13.1 billion euro, and the Solvency Ratio rose to 227%, up from 175%.[20][21] Under his guidance, Generali renewed its relationship with Venice, collaborating in the restoration of the Royal Gardens (2019),[22] restoring the Procuratie Vecchie (reopened to the public in 2022),[23][24] and participating in the foundation of the association "Venice, the world capital of sustainability.”[25]

In May 2016, he was appointed Chairman of Generali Italia, a role he held until August 2022.[26]

In 2022, Generali’s outgoing board put forward Donnet for a third mandate as CEO.[27] On 29 April 2022, Donnet was reconfirmed as Group CEO of Generali, with the majority of votes of the Shareholders' Meeting in favour of his reappointment.[28][29]

Other activities

Personal life

Donnet is a former rugby player[32] and is the proprietor of one of the major French wood barrel manufacturers[which?].[33]

Honours

National Order of Merit (France)[34][35]

References

  1. ^ "Generali: Board of Directors". Retrieved 5 May 2017.
  2. ^ "Reuters - Profile: Philippe Donnet". Retrieved 5 May 2017.
  3. ^ a b Grégoire Pinson (30 March 2017). "Portrait - Philippe Donnet, directeur général de Generali". Challenges.
  4. ^ "Philippe Donnet, la force tranquille de Generali". Les Echos. 3 May 2016. Retrieved 8 May 2023.
  5. ^ a b c d "Roger Philippe Donnet - Ania". www.ania.it (in Italian). Archived from the original on 16 January 2017. Retrieved 5 May 2017.
  6. ^ a b c Niccolò Mazzarino (11 March 2016). "Philippe Donnet, chi è il successore di Mario Greco alle Assicurazioni Generali". Formiche.net. Retrieved 8 May 2023.
  7. ^ Anna Messia (12 March 2016). "Un Leone alla francese". Milano Finanza.
  8. ^ a b "Il Sole 24 Ore - Profile: Philippe Donnet". Il Sole 24 Ore. Retrieved 5 May 2017.
  9. ^ a b Paolo Possamai (21 March 2016). "Generali, Donnet rugbista zen un francese a cavallo del Leone". la Repubblica.
  10. ^ "Generali, al via riassetto governance". Il Sole 24 ORE. Retrieved 8 May 2023.
  11. ^ "HLD | Jean-Bernard Lafonta | Our story". Retrieved 8 May 2023.
  12. ^ Anna Messia (1 August 2013). "Donnet guiderà Generali Italia". Milano Finanza.
  13. ^ "Greco chiama Donnet per Generali Italia - MilanoFinanza.it". Retrieved 8 May 2023.
  14. ^ "Intelligent Insurer - Generali appoints CEO and general". Retrieved 5 May 2017.
  15. ^ "Nuova organizzazione per Generali Italia. Donnet accelera sull'operatività. Ecco la sua squadra". Affaritaliani.it. Retrieved 8 May 2023.
  16. ^ "Il Presidente MIB Philippe Donnet è il nuovo AD e Group CEO di Assicurazioni Generali". MIB Trieste School of Management. Archived from the original on 8 May 2016. Retrieved 2017-01-20.
  17. ^ "Generali committee picks Donnet as CEO, Minali as MD-source". Retrieved 5 May 2017.
  18. ^ "Donnet: «Inizia un nuovo percorso Generali vincerà la sfida dei mercati Fondamentale è fare squadra»". Corriere della Sera. Retrieved 8 May 2023.
  19. ^ "Generali, risultato operativo record nel 2021. Donnet: manteniamo promesse fatte al mercato". Teleborsa. Retrieved 8 May 2023.
  20. ^ "GENERALI GROUP CONSOLIDATED RESULTS AT 31 DECEMBER 2016 - Press release (1)". generali. Retrieved 8 May 2023.
  21. ^ "Generali Group Consolidated Results as of 31 December 2021(1)". generali. Retrieved 8 May 2023.
  22. ^ "Generali Assicurazioni partner del restauro dei Giardini Reali di Venezia | Venice Gardens Foundation". www.venicegardensfoundation.org. Retrieved 2023-04-04.
  23. ^ Arianna Testino (8 April 2022). "Riaprono le Procuratie Vecchie a Venezia". Retrieved 8 May 2023.
  24. ^ "Procuratie Vecchie Venezia, inaugurate dopo il restauro. Zaia: "Opera faraonica" - Cronaca". il Resto del Carlino. 8 April 2022. Retrieved 8 May 2023.
  25. ^ "Venezia vuole diventare "capitale mondiale della sostenibilità" puntando sull'idrogeno". HydroNews. 13 July 2021. Retrieved 8 May 2023.
  26. ^ "Generali, prime mosse di Donnet: Sesana direttore di Generali Italia". Nord Est Economia. 12 May 2016. Retrieved 9 May 2023.
  27. ^ Stefano Bernabei (15 March 2022). "Generali investor proposes naming insurer's Austria chief as CEO". Reuters. Retrieved 9 May 2023.
  28. ^ "The 2022 Annual General Meeting approves the 2021 financial statements and appoints the new Board of Directors". generali. Retrieved 9 May 2023.
  29. ^ "Generali: lista del cda con Donnet vince in assemblea - Economia". Agenzia ANSA. 29 April 2022. Retrieved 9 May 2023.
  30. ^ Board Geneva Association.
  31. ^ "Governance MIB Trieste School of Management". Retrieved 5 May 2017.
  32. ^ "Generali, tassi zero e mercati volatili: la doppia sfida del "rugbista" Donnet". Corriere della Sera (in Italian). Retrieved 5 May 2017.
  33. ^ Dell'Olio, Luigi (29 March 2016). "Donnet, la "forza tranquilla" del Leone". Il Piccolo (in Italian).
  34. ^ Décret du 15 mai 2006 portant promotion et nomination, retrieved 5 May 2017
  35. ^ Décret du 13 juillet 2016 portant promotion et nomination, retrieved 5 May 2017
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