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UnipolSai revamps management

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UnipolSai revamps management

UnipolSaiAssicurazioni SpA's board of directors appointed Carlo Cimbrichairman as it revamped its management team.

Cimbri, who was previously CEO of the company, was alsonamed director in charge of internal control and risk management. PreviousChairman Fabio Cerchiai was named one of two deputy chairman, alongsidePierluigi Stefanini.

Shareholders at an April 27 extraordinary general meeting approvedamendments to certain articles in the company's bylaws so that the board ofdirectors can, but does not have to, name a CEO. Matteo Laterza was namedgeneral manager of the company and given "appropriate functions and powers."

He previously served as head of insurance general managementat UnipolSai and parent UnipolGruppo Finanziario SpA.

Maurizio Castellina was named manager in charge of financialreporting.