UniCredit’s management board names Italy’s former minister Saccomanni as chairman

UniCredit shareholders’ meeting has approved by 98.65% of the votes the 2017 financial statements, which closed the year with a net profit of €5.4bn.

The shareholders of the financial group has also authorised the distribution of a dividend of €0.32 per share.

The extraordinary assembly has also named a new board of directors after it set the number of members to 15 on 7 of February 2018 for the 2018-2021 mandate.

Former Treasury Minister Fabrizio Saccomanni has been elected Unicredit’s management board chairman, Jean Pierre Mustier has been appointed as CEO, and Mohamed Hamad Al Mehairi, Lamberto Andreotti, Sergio Balbinot, Cesare Bisoni, Martha Dagmar Boeckenfeld, Isabelle de Wismes, Stefano Micossi, Maria Pierdicchi, Andrea Sironi, Alexander Wolfgring, Elena Zambon,  Elisabetta Pizzini and Giuseppe Cannizzaro has been appointed members of the board.

The directors’ term of office spans three operating years, except where a shorter term is established at the time they are appointed, and ends on the date of the shareholders’ meeting convened for the approval of the accounts relating to the last operating year in which they were in office.

The current board of directors, appointed by the UniCredit Ordinary Shareholders’ Meeting on 13 of May 2015, might be replaced following the approval of the latter year’s financial statements.

ABOUT THE AUTHOR
Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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