UniCredit Appoints Cesare Bisoni as Chairman
September 23 2019 - 2:05AM
Dow Jones News
By Pietro Lombardi
UniCredit SpA (UCG.MI) has appointed Cesare Bisoni as chairman
through the end of the board's mandate in April 2021, the bank said
late Friday.
Mr. Bisoni was deputy chairman at the Italian bank and had
temporarily assumed the role of chairman after the sudden death of
Chairman Fabrizio Saccomanni in August.
"I will serve out my current mandate but am not planning to be
part of the board in the next term," Mr. Bisoni said, adding that
it will help design a succession plan to "guarantee a smooth
handover for the next board mandate."
The bank also said that Non-Executive Director Martha
Boeckenfeld resigned last week from her position as an independent
member of the board. A process to find two non-executive directors
to replace Ms. Boeckenfeld and Mr. Saccomanni has been launched, it
said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
September 23, 2019 01:50 ET (05:50 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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