Top Intesa shareholder declines to comment on confidence in CEO

MILAN, Sept 27 Fri Sep 27, 2013 8:03am EDT

Related Topics

MILAN, Sept 27 (Reuters) - A top shareholder in Intesa Sanpaolo declined to comment on Friday to questions on whether confidence in the bank's chief executive remained.

"We will judge on the basis on the facts existing at the moment," Giuseppe Guzzetti, the head of Intesa's second biggest investor Cariplo, said on the sidelines of an event.

Sources close to Italy's largest retail bank said that Chief Executive Enrico Cucchiani could be forced out next week after clashing with supervisory board chairman Giovanni Bazoli and the Cariplo Foundation. (Reporting by Gianluca Semeraro, writing by Danilo Masoni)

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article