UniCredit : new senior management team setup fully operational

UniCredit today announced that the new senior management team setup - approved by the UniCredit board of directors on 6 February 2019 - is now fully in place.

As previously stated, this new organisation ensures that the management team who will deliver the new strategic plan has full ownership from the outset of its development and subsequent delivery. The 2020-23 plan will be presented in London on 3 December 2019.

As a reminder, the new senior management team is composed of Francesco Giordano and Olivier Khayat, co-CEOs of Commercial Banking, Western Europe; Gianfranco Bisagni and Niccolo Ubertalli co-CEOs of Commercial Banking, CEE; Richard Burton CEO of Corporate and Investment banking, reporting jointly to Olivier Khayat and Gianfranco Bisagni; Ranieri de Marchis and Carlo Vivaldi, co-Chief Operating Officers. Finja Kuetz, Chief Transformation Officer, is deputy COO.

The Group CEO is temporarily leading the new Finance & Controls function, until the appointment of a full time head.

Commercial Banking Italy, which is reporting to the co-CEOs of Commercial Banking, Western Europe, will be co-headed by Andrea Casini and Remo Taricani. Giovanni Ronca, former co-Head of Commercial Banking Italy, in agreement with the bank, has announced that he is leaving the Group.

Stefano Porro has been appointed co-CFO together with Mirko Bianchi. The co-CFOs report to the head of Finance & Controls. The new CFO area is now enlarged and comprises both the former CFO and Group Administrative & Analytics Office perimeters.

Jean Pierre Mustier, UniCredit Group CEO, said 'I am pleased the new organisation is now fully operational so that the team can progress on our next strategic plan, 2020-23, whilst also successfully delivering the last few miles of Transform 2019. Our organisation will ensure UniCredit remains a true pan-European winner.'

Milan, 29 March 2019

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