UniCredit announced that non-executive director Andrea Sironi, independent member of company's Board of Directors, has resigned from the Board with effect from the February 2019 Board meeting when the Group's results for the 2018 financial year will be approved. Mr. Sironi's resignation from the Board follows his recent appointment as Vice President of Bocconi University. Mr. Sironi has declared that the reason for his decision to resign from his role is due to the significant amount of time he will have to commit to his new position at Bocconi University.