UniCredit Submits Board Nominees
March 04 2021 - 2:43AM
Dow Jones News
By Joshua Kirby
UniCredit SpA has submitted its list of candidates for the board
of directors to be voted on by shareholders, the Italian bank said
late Wednesday.
The list includes as nominee for chief executive Andrea Orcel,
most recently president of UBS AG's investment-bank division.
Former Italian finance minister Pietro Carlo Padoan is the nominee
for chairman of the UniCredit board.
The proposals will be submitted at the next meeting of
shareholders, UniCredit said. The list includes 11 nominees for a
13-strong board, with two directors elected from the list that
obtained the highest number of votes among the minority lists,
according to the bank's articles of association.
UniCredit said the slate offers significant experience of
management roles in relevant markets, and also respects diversity,
especially in gender, with a 45% female composition.
Write to Joshua Kirby at joshua.kirby@dowjones.com;
@joshualeokirby
(END) Dow Jones Newswires
March 04, 2021 02:28 ET (07:28 GMT)
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