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    ATL   IT0003506190

ATLANTIA SPA

(ATL)
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Delayed Borsa Italiana  -  01:54:11 2022-12-07 am EST
22.99 EUR   -.--%
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UniCredit picks new head of group institutional affairs - memo

12/05/2022 | 07:57am EST
FILE PHOTO: Illustration shows Unicredit logo

MILAN (Reuters) - UniCredit has picked Franco Brescia, 61, as it new head of group institutional affairs from January when his predecessor Maurizio Beretta, will become senior adviser to the bank, an internal memo seen by Reuters showed.

Both Brescia and Beretta, will report to UniCredit's head of stakeholder engagement Joanna Carss.

Beretta, who is 67 and was promoted to lead UniCredit's institutional and cultural affairs in 2018, "will be responsible for continuing to build and leverage relationships at the highest level," the memo signed by Carss said.

In the new position, Beretta will have more time to spend "with leading figures within Italy's institutions and organisations."

"He will continue to be a relevant member of the UniCredit team and have a critical role within group stakeholder engagement," the memo added.

Brescia, currently a senior adviser to UniCredit, has a 30-year experience in public affairs, having held posts at leading companies such as Telecom Italia, Poste Italiane and Atlantia.

Fabrizio Sadun, UniCredit's current head of institutional affairs for Italy and Germany, will expand his remit as part of the reorganisation.

Sadun will "focus on and lead all of the technical elements of group institutional affairs, including management of all key relationships with (banking lobby) ABI and wider trade bodies, and leading on policy development and relevant associations, reporting directly to Franco (Brescia)," the memo said.

Tania Viarnaud, who reports to Carss, will take on responsibility for cultural affairs, it added.

(Reporting by Valentina Za; Editing by Keith Weir)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ATLANTIA SPA 0.00% 22.99 End-of-day quote.0.00%
POSTE ITALIANE S.P.A. 0.64% 9.7 Delayed Quote.5.61%
TELECOM ITALIA S.P.A. -0.23% 0.2559 Delayed Quote.18.59%
UNICREDIT S.P.A. 2.78% 15.736 Delayed Quote.15.36%
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Financials
Sales 2021 6 295 M 6 831 M 6 831 M
Net income 2021 626 M 679 M 679 M
Net Debt 2021 30 373 M 32 960 M 32 960 M
P/E ratio 2021 23,0x
Yield 2021 4,24%
Capitalization 18 825 M 20 428 M 20 428 M
EV / Sales 2020 6,33x
EV / Sales 2021 7,10x
Nbr of Employees 19 289
Free-Float 3,90%
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Managers and Directors
Giampiero Massolo Chairman & Chief Executive Officer
Tiziano Ceccarani Chief Financial Officer
Guglielmo Bove Executive VP, Head-Group Compliance & Security
Nicola Bruno Head-International Administration
Giuseppe Guizzi Independent Director
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