Unicredit chooses Padoan: he will be the next president

Pier Carlo Padoan is set to be the next president of Unicredit. The board of directors co-opted the former Minister of Economy of the Renzi and Gentiloni governments, as well as parliamentary of the Democratic Party elected in Siena, as non-executive director, “after having identified him – explains a note from the group – as the best candidate for the position of President of Unicredit for the next term (2021-2023). The same will remain in office as director until the meeting called to approve the 2020 financial statements and to renew the entire Board of Directors ».
Padoan will take the place occupied until today in the council by Elena Zambon, who has decided to resign “following urgent professional commitments”.

“Maximum satisfaction” for Padoan’s arrival in the board was expressed by the CEO of Unicredit, Jean Pierre Mustier. “His in-depth experience and knowledge of Europe and its regulatory environment, as well as the important public roles held in Italy, will be of great use to the Group”, declares the head of Piazza Gae Aulenti. For his part, Padoan assures that he will resign from the post of deputy. “I am very grateful to the President Cesare Bisoni and to the entire Unicredit board of directors for the trust they place in me at this crucial moment for Italy and for Europe”.