UniCredit to boost board's diversity, technology skills

© Reuters. Unicredit bank logo is seen in the old city centre of Siena

MILAN (Reuters) – Italy’s No. 2 bank UniCredit plans to appoint more women to its board, including Dame Jayne-Anne Gadhia, the former head of Virgin Money (LON:) and founder of open banking fintech Snoop.

UniCredit on Wednesday approved a slate of nominees for the board’s renewal, saying it wanted to boost diversity and focus on technology and sustainability.

The bank is in the midst of a leadership change after Chief Executive Jean Pierre Mustier fell out with the board over strategy and stepped down last month, to be replaced in April by Andrea Orcel, the former head of investment banking at Swiss bank UBS.

In addition to Gadhia, a prominent figure in Britain’s financial industry, UniCredit’s outgoing board has put forward as new director Jeffrey Hedberg, a telecoms expert currently at the helm of Wind Tre.

New entries also include Allianz (DE:) director Renate Wagner and Luca Molinari from Abu Dhabi-based private equity firm Mubadala, a UniCredit investor.

UniCredit had already picked as its new chairman Pier Carlo Padoan, a former International Monetary Fund executive director.

Shareholders gather to appoint the new board on April 15.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

READ  Carnival and easyJet shares: Time to buy?

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Please enter your comment!
Please enter your name here