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UniCredit:resolutions of the Board of Directors

 

The UniCredit Board of Directors approved today the appointment of Alessandro Maria Decio, current head of Families & SME, as the new Chief Risk Officer, effective 1 August 2012.

Alessandro Maria Decio, who will report directly to the Chief Executive Officer, Federico Ghizzoni, and will be a member of the Executive Management Committee, replaces Karl Guha, who has decided to leave the Group for personal reasons related to his willingness to return to The Netherlands.

The responsibility for the Families & SME division has been assigned ad interim to the General Manager, Roberto Nicastro.

 

"I would like to thank Karl for the important contribution he has made to the Group over the years  -  said Federico Ghizzoni. Today UniCredit, also due to his efforts, has a robust and efficient risk control and management structure. I am certain that the expertise acquired by Alessandro - he added - will further strengthen this important area of the Group".

In addition, the UniCredit Board of Directors indicated today Alessandro Maria Decio as Director of Mediobanca to replace Fabrizio Palenzona, who resigned from the position on 26 April 2012, in compliance with the provisions of Art. 36 of Italian Law 214/2011.

Alessandro Maria Decio - 46, has a degree in Economics from Milan's Bocconi University and joined the UniCredit Group in June 2000. He has extensive experience in the banking industry, starting his career in the investment banking in London in 1989 and then acquiring further expertise in a number of different qualified and international positions in various areas of the banking sector, including risk management and direct management of the key geografical areas of the Group, both in Italy and abroad.

 

 

 

Milan, 25 June 2012