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Italy's MPS terminates Lovaglio's contract as general manager

ReutersApr 7, 2026 7:09 PM

April 7 (Reuters) - Italy's Monte dei Paschi di Siena (MPS) BMPS.MI said on Tuesday that it had terminated CEO Luigi Lovaglio's contract as general manager, weeks after stripping him of his executive powers.

The lender revoked Lovaglio's CEO powers in March and suspended him from his duties as general manager after he bid for a new term at the helm, challenging a decision by the board to rule him out.

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