UniCredit to hold extraordinary board meeting on governance – source


© Reuters. FILE PHOTO: Unicredit bank CEO Mustier poses during the shareholders meeting in Rome


MILAN (Reuters) – UniCredit is expected to hold an extraordinary board meeting later on Sunday to discuss governance issues as the mandate of CEO Jean Pierre Mustier comes up for renewal in the spring, a person familiar with the matter said.

A second source said a board meeting had been called for Monday and could be brought forward to Sunday.

Italian daily Il Sole 24 Ore first reported news of the board meeting, saying directors would discuss conditions set by Mustier to remain at the helm of Italy’s second-largest bank for another three years.

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