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Andrea Orcel designated Chief Executive Officer of UniCredit

Today, the Board of Directors of UniCredit SpA unanimously nominated Andrea Orcel as designated Chief Executive Officer (CEO), for inclusion in the list for the renewal of the Board of Directors, to replace the outgoing CEO, Jean Pierre Mustier. The list will be presented for approval at the upcoming AGM on April 15, 2021. Upon AGM approval of the list, the Board will confirm his appointment as CEO.


Chairman Cesare Bisoni said: "After an intense search and a thorough evaluation process, I am pleased to report that the Board has unanimously chosen Andrea Orcel as designated CEO of UniCredit.  He has an impressive track record in bringing together talent and technology to transform financial organizations across multiple geographies. Also on behalf of the Board of Directors, I would also like to thank Jean Pierre Mustier for his years of dedicated service and outstanding contribution to our Group."


Chairman Designate Pier Carlo Padoan said: "Andrea Orcel is a strong international leader, well-respected and committed to achieving results together with his teams. He has a vast breadth of experience and exceptional strategic judgement, which will be essential in leading UniCredit into the future. I look forward to working with him."


In making the appointment, the Corporate Governance, Nomination and Sustainability Committee, supported by Spencer Stuart, considered candidates with extensive experience and an ability to inclusively lead an organization through change. The committee noted in particular Andrea Orcel's exceptional credentials, strong leadership and deep knowledge of the challenges and opportunities in international financial services.


In compliance with applicable regulations, the appointment of all board members will be submitted to the European Central Bank following the AGM for  its fit & proper assessment.


In the selection of all candidates for the list of the new Board of Directors, including the CEO, the Board of Directors is proceeding according to the official process, which can be consulted in the governance section of the Group's website.






Milan, 27 January 2021




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