PADOAN APPOINTED CHAIRMAN DESIGNATE FOR 2021-2023
Thursday 15 October 2020
The Board of Directors of UniCredit have unanimously co-opted Professor Pier Carlo Padoan as a non-executive director after having concluded that he is the best candidate for the chairman position for the next term
UniCredit appointed yesterday Professor Pier Carlo Padoan as a non-executive director and chairman designate. He will serve as a board member until the Annual General Meeting in 2021, to approve the 2020 financial statements and at which a new board of directors will be elected. Professor Padoan will play an active role in defining the list of potential members for the renewal of the board of directors, which will be prepared by the current board of directors ahead of the Annual General Meeting to be held in 2021.
Cesare Bisoni, chairman of the board of directors of UniCredit, said: “I am very pleased to welcome Professor Padoan to the board of directors. He has an extraordinary professional experience the Group will benefit from. We look forward to his contribution and active participation in defining the future board of directors of our Group.”
Jean Pierre Mustier, CEO of UniCredit, said: “On behalf of the management we very much welcome Padoan’s co-optation to the UniCredit board of directors. His in-depth experience and knowledge of Europe and its regulatory environment, as well as his outstanding Italian public service record, will serve the Group very well. I, and the whole UniCredit team, look forward to working and interacting with him going forward.”
Professor Pier Carlo Padoan said: “I am delighted to be joining the UniCredit board of directors and honoured to be named chairman designate. I will be fully committed to my new duties and confirm I will be stepping down from my role as an Italian parliamentarian. I would like to sincerely thank Chairman Cesare Bisoni and the entire UniCredit board of directors for the trust they are placing in me at this crucial moment for Italy and Europe. UniCredit is a true pan-European winner with solid Italian roots. I very much look forward to working with the board and the management team to capitalise on these strengths.”
"UniCredit is a true pan-European winner with solid Italian roots. I very much look forward to working with the board and the management team to capitalise on these strengths"