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UniCredit SpA has appointed Federico Ghizzoni as its new chief executive

Published: October 1, 2010; 00:25 · (Vindobona)

Italy's biggest bank UniCredit SpA named central and eastern European head Federico Ghizzoni its chief executive as expected on Thursday and underscored its commitment to an international role.

UniCredit SpA has appointed Federico Ghizzoni as its new chief executive / Picture: © UniCredit

The board unanimously backed Ghizzoni, a 54-year-old deputy chief executive, to succeed Alessandro Profumo, who had turned the bank into an multi-national player, UniCredit said in a statement.

As reported by Vindobona, Profumo quit last week in a clash with shareholders over Libyan stake-building, leaving UniCredit, the biggest bank in central and eastern Europe, rudderless.…

This article includes a total of 421 words.

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