Unicredit has Jean Pierre Mustier as favourite to become CEO – report
Unicredit, the listed Italian lender, has Jean Pierre Mustier as favourite to become its new CEO, Italian-language daily La Stampa reported.
The unsourced report said that Mustier emerged as the leading candidate following a series of meetings among Unicredit's senior management and shareholders yesterday 29 June.
The report noted that Mustier is presently a partner at Tikehau Capital but in the past headed Unicredit's major business and investment activities.
The report noted that the Unicredit nominating committee is expected to give today a clearer indication of who will become CEO. The report said that the nominating committees recommendations could be given to the Unicredit earler than 11 July.
The report said that the nominating committee is likely to put forward a shortlist of two-three candidates. The report said that in addition to Mustier, BMPS CEO Fabrizio Viola and Flavio Valeri, presently at Deutsche Bank, could be on the list.
As previously reported, a new CEO could open the way for a capital increase of EUR 5bn-EUR 7bn and a sale of a number of assets held by Unicredit.
La Stampa article sourced from print copy: page 20
Source La Stampa