UnitCredit CEO Federico Ghizzoni Steps Down
May 24 2016 - 3:30PM
Dow Jones News
ROME—The chief executive of UniCredit SpA, Italy's largest bank,
has agreed to step down, clearing the way for the board to begin a
search for his successor.
UniCredit said CEO Federico Ghizzoni will step down once a new
chief executive is found, to ensure a smooth transition.
Speculation about the future of Mr. Ghizzoni, who became chief
executive in 2010, has been mounting for months, as investors
pummeled the bank's stock, and major shareholders grew increasingly
convinced that new leadership was needed to restore confidence in
the financial group.
Write to Deborah Ball at deborah.ball@wsj.com
(END) Dow Jones Newswires
May 24, 2016 15:15 ET (19:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Unicredit (BIT:UCG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Unicredit (BIT:UCG)
Historical Stock Chart
From Apr 2023 to Apr 2024