UniCredit S.p.A. - UniCredit Chairman Pier Carlo Padoan will step down at the end of his term
POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 75 / 2026
Date of issue: 2026-10-28
Short name of the issuer
UniCredit
Subject
UniCredit Chairman Pier Carlo Padoan will step down at the end of his term
Official market - legal basis
Inne uregulowania
Unofficial market - legal basis
Contents of the report:
Milan, 28 October 2026 – UniCredit today announces that Pier Carlo Padoan will step down as
Chairman of the Board at the end of his term.
Under his highly successful tenure, the Bank has undergone a significant transformation and
established itself as Europe’s leading bank.
During this time, Pier Carlo Padoan has made an invaluable contribution to the Bank’s strategic
direction and development, guiding the institution through a period of profound change.
He has steered the bank through an operational and strategic transformation as well as navigating
challenging circumstances arising from both the broader macroeconomic environment and the evolving
political landscape. In particular, he built and managed relationships with national institutions
across Europe and beyond, working to ensure support for the bank from stakeholders across its
network.
During his time at UniCredit, it has been transformed into one of Europe’s leading banks,
delivering record profitability, creating substantial shareholder value through industry-leading
distributions, and strengthening its capital position and resilience to support long-term growth
Pier Carlo will step down at the end of his term, for personal reasons.
The Board wishes to express its sincere appreciation for his leadership, commitment and stewardship
which have established a strong foundation for the Bank’s continued success.
Commenting on the announcement, the Board said: “On behalf of the Board, we would like to thank
Pier Carlo for his valued leadership, guidance and unwavering commitment to the Bank. He has
provided stability and continuity through a period of significant transformation and challenging
circumstances, while remaining steadfast in his commitment to the Board and all stakeholders. We are
deeply grateful for his contribution and wish him every success for the future.”
The UniCredit Group CEO Andrea Orcel said, "I want to personally thank Pier Carlo for his
leadership and support since the beginning of my tenure. He has been a source of sound counsel and
wisdom, and I have greatly valued our partnership. The Board, GEC and I remain fully focused on
delivering our strategy, and we look forward to continuing that work through this transition and
beyond.”
The Chairman will work closely with Jeffrey Edberg as head of the bank's Nomination Committee to
identify a suitable successor. Ensuring an orderly and smooth handover. The priority is to preserve
continuity in the Bank’s governance and maintain the Board’s focus on the institution’s
strategic priorities.
The mutually agreed transition will be conducted in a manner and timeframe that puts the interests
of the Bank and its stakeholders first. The Bank remains firmly focused on its long-term ambitions,
building on the strong foundations established during Pier Carlo’s tenure.
Contacts:
Media Relations e-mail: MediaRelations@unicredit.eu
Investor Relations e-mail: InvestorRelations@unicredit.eu
Annexes
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