UniCredit picks headhunters to advise board on own slate of nominees

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The UniCredit bank logo in the old city centre of Siena, Italy

The UniCredit bank logo in the old city centre of Siena, Italy, June 29, 2017. REUTERS/Stefano Rellandini/File Photo Acquire Licensing Rights

MILANO, Sept 26 (Reuters) – UniCredit (CRDI.MI) said on Tuesday it had mandated Egon Zehnder and Spencer Stuart as headhunters to support the board in identifying candidates to be included in the slate of nominees current directors will put forward to appoint their successors.

The current board is up for renewal next spring.

In June UniCredit Chief Executive Andrea Orcel said he would be “definitely up for more,” when asked about whether he would seek a new mandate at the helm of the Italian bank.

Reporting by Gianluca Semeraro; editing by Valentina Za

Our Standards: The Thomson Reuters Trust Principles.

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