UniCredit Appoints Mustier CEO to Spearhead Bank’s Overhaul
- He had served as head of investment bank at UniCredit
- Mustier will take over from July 12 as Italian bank’s CEO
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UniCredit SpA appointed Jean Pierre Mustier as the first non-Italian to run the country’s largest lender, tapping a former insider to spearhead an overhaul as the nation’s banking system slides deeper into crisis.
Mustier, 55, will take over from July 12, replacing departing Federico Ghizzoni, the Milan-based company said in a statement on Thursday. The board of directors “came to the unanimous conclusion” that Mustier was the “right person to assume the role,” after the bank assessed several candidates “with international profile” for the role, it said.