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CEO Lovaglio Excluded Amid Boardroom Turmoil at MPS

3/6/2026

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Story summary
  • The board of Monte dei Paschi di Siena (MPS) excluded Luigi Lovaglio, CEO of Monte dei Paschi di Siena (MPS), from a shortlist for a new mandate amid boardroom conflicts over the Mediobanca acquisition.
  • Caltagirone, a major shareholder, denied any clash with Lovaglio.
  • The nominations committee removed Lovaglio from the shortlist, which included Corrado Passera and Fabrizio Palermo, as Lovaglio faces a criminal investigation into the Mediobanca takeover.