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BBVA - Banco Bilbao Vizcaya Argentaria SA News Story

$5.3 -0.1  -2.2%

Last Trade - 09/04/21

Large Cap
Market Cap £25.58bn
Enterprise Value £19.73bn
Revenue £21.91bn
Position in Universe 358th / 6827

UPDATE 1-UniCredit to boost board's diversity, technology skills

(Adds details)
    MILAN, March 3 (Reuters) - Italy's No. 2 bank UniCredit
 CRDI.MI  plans to appoint more women to its board, including
Dame Jayne-Anne Gadhia, the former head of Virgin Money and
founder of open banking fintech Snoop. 
    UniCredit on Wednesday approved a slate of nominees for the
board's renewal, saying it wanted to boost diversity and focus
on technology and sustainability.
    The bank is in the midst of a leadership change after Chief
Executive Jean Pierre Mustier fell out with the board over
strategy and stepped down last month, to be replaced in April by
Andrea Orcel, the former head of investment banking at Swiss
bank UBS.
    In addition to Gadhia, a prominent figure in Britain's
financial industry, UniCredit's outgoing board has put forward
as new director Jeffrey Hedberg, a telecoms expert currently at
the helm of Wind Tre.
    New entries also include Allianz director Renate Wagner and
Luca Molinari from Abu Dhabi-based private equity firm Mubadala,
a UniCredit investor.
    UniCredit had already picked as its new chairman Pier Carlo
Padoan, a former International Monetary Fund executive director.
    Shareholders gather to appoint the new board on April 15.

 (Reporting by Valentina Za; editing by Stephen Jewkes and
Jonathan Oatis)
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