The board of Assicurazioni Generali SpA ousted the insurer’s chief executive on Saturday, the company said in a statement, in a management coup that leaves a question mark over the future strategy of one of Italy’s most important companies.At the hastily-called meeting, 10 out of Generali’s 17 board members approved a motion of no-confidence against Giovanni Perissinotto, according to the statement and a person briefed on the vote tally. The board also named Mario Greco, chief executive of Zurich Insurance Group as Generali’s new CEO, the statement added.

via Italy’s Generali Board Ousts Chief Executive – WSJ.com.

Mr. Perissinotto said the reason for his ouster was political.

Really?