UniCredit To Name Former Industry Minister As CEO: Paper
June 19, 2016
UniCredit, Italy’s biggest bank by assets, is set to name former industry minister Corrado Passera as chief executive officer next week, Il Fatto Quotidiano newspaper reported on Sunday without citing sources.
UniCredit declined to comment. It was not immediately possible to reach Passera for comment.
The bank’s current chief executive, Federico Ghizzoni, has faced growing investor discontent with the bank’s poor share price performance and stretched capital base. He agreed last month to step down when a successor is found.