UniCredit CEO Said to Shake Up Top Management in Bank’s Revamp
- Gianni Franco Papa may be appointed sole general manager
- Deputy general managers Natale and Fiorentino may leave
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UniCredit SpA Chief Executive Officer Jean Pierre Mustier is shuffling senior ranks at Italy’s largest bank, elevating Gianni Franco Papa to the role of sole general manager, people with knowledge of the shakeup said.
Papa, one of three deputy general managers who runs the corporate and investment banking division, may be appointed to the new position at a special board meeting Tuesday morning, the people said, asking to not be identified because the plan is not public yet. His two colleagues, Marina Natale and Paolo Fiorentino, may leave the company as part of the changes to be discussed at the meeting, the people said.