UniCredit Chairman Fabrizio Saccomanni Has Died -- Update
09 August 2019 - 2:31AM
Dow Jones News
By Giovanni Legorano and Nathan Allen
ROME--Fabrizio Saccomanni, the chairman of Italian banking giant
UniCredit SpA (UCG.MI), has died suddenly, the company said on
Thursday.
"UniCredit loses a chairman of the highest order and depth who
has guided the bank's board through a time of tough challenges with
great balance and transparency, a clear strategic vision, a strong
sense of direction," Chief Executive Jean Pierre Mustier said.
The news of Mr. Saccomanni's death was previously reported on
Italian daily Corriere della Sera's website.
Mr. Saccomanni, 76, took over as chairman of the bank's board
last year after a long career at the Bank of Italy, where he served
as director general, and a brief stint as Italy's economy minister
with the government headed by Prime Minister Enrico Letta.
"His death is a loss for the whole country," Mr. Mustier
said.
Write to Giovanni Legorano at Giovanni.Legorano@wsj.com and
Nathan Allen at Nathan.Allen@dowjones.com
(END) Dow Jones Newswires
August 08, 2019 12:16 ET (16:16 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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