The supervisory board of Intesa Sanpaolo SpA (ISP.MI) on Thursday proposed Enrico Tomaso Cucchiani as the bank's chief executive, a person with direct knowledge of the situation said.

The management board of the Italian lender is currently meeting in Turin to discuss Cucchiani's nomination.

The supervisory board of the bank met earlier today.

A decision on the successor to Corrado Passera, the former chief executive of Intesa Sanpaolo who was named Italian industry minister last week, is expected later Thursday.

-By Sabrina Cohen and Laura Bonadies, Dow Jones Newswires, +39 02 5821 9906; sabrina.cohen@dowjones.com