Pier Carlo Padoan Appointed as UniCredit Nonexecutive Director, Chairman Designate
October 13 2020 - 1:25PM
Dow Jones News
By Mauro Orru
UniCredit SpA said Tuesday that it appointed former Italian
minister of economy and finances Pier Carlo Padoan as a
nonexecutive director and chairman designate.
The Italian bank said the unanimous decision came as Elena
Zambon is stepping down.
Mr. Padoan will serve as a board member until the annual general
meeting to approve the 2020 financial statements, UniCredit
said.
UniCredit said Mr. Padoan would be the best candidate for the
role of chairman for the next term from 2021 to 2023.
Mr. Padoan will have an "active role" in outlining the list of
potential candidates for the renewal of the board of directors, the
bank added.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
October 13, 2020 13:10 ET (17:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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