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Board of Directors

Our Board of Directors can be made from a minimum of 9 up to a maximum of 19 members, of whom at least 3 - and, in any case, no more than 5 - make up the Audit Committee. 

 

Directors' term in office is three financial years, unless a shorter term is established at the time of their appointment, and ends on the date of the Shareholders' Meeting called for the approval of the financial statements relating to the last financial year in which they are in office.

 

The Board of Directors currently in office was appointed by the ordinary Shareholders' Meeting on April 12, 2024 for the financial years 2024 - 2026, on the basis of a proportional representation mechanism ("voto di lista"), and its terms of office ends on the date of the Shareholders' Meeting called to approve the 2026 financial statements.

 

As regards the actions taken in recent years to strengthen our governance and align it with international best practices, improving the composition and functioning of the Board of Directors has been a fundamental commitment for our Group.

 

 

Board of Directors evolution

 

 

  • Faculty to file its own list of candidates in the event of its renewal
  • Increase from 1 to 2 in the number of Directors appointed from the minority slates
  • Size of the Board of Directors reduced from 17 to 15, number of Vice Chairmen reduced from 3 to 1 
  • Board's tenure equal to maximum 3 mandates

Increased diversity 

  • Identified Digital & Technology and Banking Business as the major competence areas to be developed within the Board 
  • Size of the Board of Directors reduced from 15 to 14
  • Strengthen the Board of Directors' collective suitability through (i) broad coverage of financial services; (ii) exposure to international markets & geographies; (iii) broad range of industrial & digital expertise; (iv) increased diversity 
  • Size of the Board of Directors reduced from 14 to 13
  • Size of the Board of Directors reduced from 13 to 12
  • Following the adoption of the one-tier corporate governance model, the Board of Directors is made up of 15 Directors, of whom 4 make up the Audit Committee

 

Composition

Chairman
Pietro Carlo Padoan

Pietro Carlo Padoan

Chairman of the Board of Directors

Deputy Vice Chair
Elena Carletti

Elena Carletti

Deputy Vice Chair

Chief Executive Officer
Andrea Orcel

Andrea Orcel

UniCredit Group CEO and Head Of Italy, Chairman UniCredit Foundation

Gender Breakdown

Age Breakdown

Independence as per

Corporate Governance Code  

TUB

 

TUF

 

Updated on 12 April 2024.