Banca Generali SpA appointed non-independent director Giancarlo Fancel to serve as chairman of the board of directors. Fancel - who is CFO of Generali Country Italia and Generali Italia SpA, among other roles within the group - succeeds Paolo Vagnone after the latter resigned in the middle of June. Between 2007 and 2014, Fancel was CFO and joint general manager of Banca Generali. The board also appointed Azzurra Caltagirone, deputy chairwoman of Caltagirone SpA, and Cristina Rustignoli, central director of Banca Generali, nonexecutive directors. Rustignoli will take on increasing responsibilities within the Generali group as of July 1.