MPS, the Board of Directors terminates the employment relationship with Lovaglio: “Just cause” | EUROtoday

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The board of administrators of Banca Monte dei Paschi di Siena, assembly beneath the chairmanship of Nicola Maione, following and as a consequence of the revocation of the delegations resolved on 25 March, proceeded with the unilateral termination for simply reason behind the employment relationship with Luigi Lovaglio in his capability as normal supervisor. MPS communicated this with a notice on the finish of the Board of Directors’ assembly. Last March 25, upon the revocation of his powers as CEO, Lovaglio was suspended from the position of normal supervisor.