Monte dei Paschi board votes to oust CEO Lovaglio, sources says

Group 1 - The board of Monte dei Paschi di Siena voted to not retain CEO Luigi Lovaglio after his mandate ends in April [1] - A majority of directors supported the decision made by the bank's appointments committee to exclude Lovaglio from the slate of nominees for the upcoming shareholder vote [1] - This decision is part of a broader context involving significant corporate changes at Monte dei Paschi, including a planned merger and potential layoffs [1]