Milan, 28 Oct. (LaPresse) – UniCredit announced today that Pier Carlo Padoan will step down as Chairman of the Board of Directors at the end of his term of office. Under his highly successful leadership, the Bank – according to a statement from UniCredit – has undergone a significant period of transformation, establishing itself as one of Europe’s leading banking institutions. During this period, the Chairman has made an invaluable contribution to the Bank’s strategic direction and development, steering the institution through a period of profound change. He has guided UniCredit through a process of operational and strategic transformation, whilst navigating a complex environment characterised by challenges arising from both the evolving macroeconomic landscape and shifting political circumstances. In particular, he has built and managed relationships with national institutions across Europe and beyond, working to secure support for the Bank from stakeholders in the markets in which it operates. During his tenure at UniCredit, the Bank has transformed itself into one of Europe’s leading banking groups, achieving record levels of profitability, creating significant value for shareholders through an industry-leading dividend policy, and strengthening its capital position and resilience to support long-term growth.” Pier Carlo Padoan “will step down at the end of his term of office for personal reasons”, the statement continues. The Board of Directors “wishes to express its sincere appreciation for his leadership, commitment and guidance, which have laid solid foundations for the Bank’s continued success”, the statement emphasises.
Unicredit: Padoan to step down at the end of his term for personal reasons
Milan, 28 Oct. (LaPresse) – UniCredit announced today that Pier Carlo Padoan will step down as Chairman of the Board of Directors at the end of his term of office. Under his highly successful leadership, the Bank – according to a statement from UniCredit – has undergone a significant period of transformation, establishing itself as one of Europe’s leading banking institutions. During this period, the Chairman has made an invaluable contribution to the Bank’s strategic direction and development, steering the institution through a period of profound change. He has guided UniCredit through a process of operational and strategic transformation, whilst navigating a complex environment characterised by challenges arising from both the evolving macroeconomic landscape and shifting political circumstances. In particular, he has built and managed relationships with national institutions across Europe and beyond, working to secure support for the Bank from stakeholders in the markets in which it operates. During his tenure at UniCredit, the Bank has transformed itself into one of Europe’s leading banking groups, achieving record levels of profitability, creating significant value for shareholders through an industry-leading dividend policy, and strengthening its capital position and resilience to support long-term growth.” Pier Carlo Padoan “will step down at the end of his term of office for personal reasons”, the statement continues. The Board of Directors “wishes to express its sincere appreciation for his leadership, commitment and guidance, which have laid solid foundations for the Bank’s continued success”, the statement emphasises.