UniCredit Shuffles Executives Ahead of Strategy Update
07 February 2019 - 5:39AM
Dow Jones News
By Nathan Allen
UniCredit SpA (UCG.MI) said Wednesday it has reshuffled its
senior-management team in preparation for the development of its
next three-year strategic plan, which will be published in
December.
The goal of the reshuffle is to streamline the group's reporting
structure, reducing the number of executives reporting directly to
Chief Executive Jean Pierre Mustier, UniCredit said.
As part of the shakeup Francesco Giordano and Olivier Khayat
will become co-CEOs of Commercial Banking, Western Europe--the
group's largest division--while Gianfranco Bisagni and Niccolo
Ubertalli will be the co-CEOs of Commercial Banking, Central and
Eastern Europe, UniCredit said.
Carlo Vivaldi will join Ranieri de Marchis as co-chief operating
officer for the group.
They will all report directly to Mr. Mustier.
Richard Burton will become the sole head of the group's
corporate-and-investment banking division, reporting to the
Commercial Banking, Western Europe management team.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
February 06, 2019 13:24 ET (18:24 GMT)
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