Ousted CEO Luigi Lovaglio of Banca Monte dei Paschi di Siena said he’s “comfortable” seeking another term and is defying the board’s plan to replace him. The leadership standoff raises governance uncertainty at the bank and could weigh on the share price and stakeholder confidence in the near term.
Ousted CEO Luigi Lovaglio of Banca Monte dei Paschi di Siena said he’s “comfortable” seeking another term and is defying the board’s plan to replace him. The leadership standoff raises governance uncertainty at the bank and could weigh on the share price and stakeholder confidence in the near term.
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