UniCredit Vice Chairman Luca Cordero Di Montezemolo Resigns

UniCredit SpA Vice Chairman Luca Cordero di Montezemolo resigned from his post Thursday, as the Italian bank moves forward with promised changes to its corporate governance that are part of a strategic plan presented in December.

 

With Mr. Montezemolo’s resignation, which comes the day of the bank’s annual shareholders’ meeting, UniCredit meets a promise to reduce its number of vice chairmen to one from the three it had until early this year. Another vice chairman stepped down in March.

 

Read the full story on Fox Business here.

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