Today, the Board of Directors of UniCredit SpA has co-opted Jean-Pierre Mustier and unanimously approved that, starting from next 12 July, he will take on the position of CEO in replacement of Federico Ghizzoni.

Mustier, 55, began his career at Société Générale where he held various positions, primarily within the Corporate & Investment Banking from 1987 to 2009. In 2003 he was appointed as Head of the Société Générale’s Corporate & Investment Banking Division and member of the bank’s Executive Committee. Afterwards, from 2011 to 2014, he joined UniCredit Group as Deputy General Manager and Head of Corporate & Investment Banking Division. Currently he is partner at Tikehau Capital, an investment management company and member of the Board of Directors of Alitalia.

When considering the appointment of the new CEO, the Corporate Governance, HR and Nomination Committee, having examined a number of candidates with international profile, took in particular consideration the high quality of his professional skills as well as the excellent understanding of international financial services and the accrued deep knowledge of the Group structure. The Board of Directors came to the unanimous conclusion that Jean Pierre Mustier is the right person to assume the role of Chief Executive Officer of UniCredit since he met all of the needed criteria.

In compliance with applicable regulations, the appointment of Mr. Mustier as CEO shall be

assessed by the ECB.

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