Italy avoids Monte dei Paschi board process as CEO fights for new term
Italy will skip the Monte dei Paschi board renewal to honor EU deals. CEO Luigi Lovaglio seeks a new term after leading the recent Mediobanca takeover.
Insights:
Italy Treasury announced on February 25, 2026, that it will not take part in the process of selecting a new board of directors at Banca Monte dei Paschi di Siena S.p.A. , even though it currently maintains a 4.9% stake in the institution. This decision is expected to materially shape the governance of the bailed-out lender, often referred to as MPS, as it approaches an imminent board renewal in Italy 
IT. The Treasury's 4.9% stake makes its non-participation materially relevant to the bank's future direction. The move by the Italy Treasury follows the bank's return to private ownership and aligns with re-privatisation commitments previously established with the European Union.
IT. The Treasury's 4.9% stake makes its non-participation materially relevant to the bank's future direction. The move by the Italy Treasury follows the bank's return to private ownership and aligns with re-privatisation commitments previously established with the European Union.
