Press Release organizational change

PRESS RELEASE

CREDEM: NAZZARENO GREGORI APPOINTED AS NEW GENERAL MANAGER

After a long period of professional commitment in Credito Emiliano, with the aim to conclude his own work experience, the General Manager, Mr. Adolfo Bizzocchi, has decided to retire. Taking note of the personal reasons that had led to the decision, the whole Credem Group wishes to acknowledge his intense, tenacious and farsighted work, done in these years together.

"Mr. Adolfo Bizzocchi has been one of the main architects of the sustainable and balanced Banking Group development" declared Mr. Giorgio Ferrari, Chairman of Credem. "We want to express to him the deepest appreciation and gratitude. We know he will continue to be close to the Credem Group for a long period yet."

The General Manager, Mr. Adolfo Bizzocchi, will leave the Group by August, 31st, 2016; the Board of Directors has decided to appoint a person who represents a choice of continuity and it has identified the successor in Mr. Nazzareno Gregori, Deputy-General Manager of Credito Emiliano.

Mr. Nazzareno Gregori joined the bank in 1979 and he is currently in charge of ICT, Organization & Project Management, Legal & General Affairs and Operations after several experiences in the Group, among which the main were in ICT, Internal Audit, Compliance and Risk Management.

Reggio Emilia, June, 9th, 2016

CREDITO EMILIANO SPA

(Chairman) Giorgio Ferrari

Contacts:

Media Relations Credem

+39 02 77426202 - +39 0522 582075

rel@credem.it

Investor Relations Credem

+39 0522 583029 - +39 0522 582785

investor@credem.it

www.credem.it

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CREDEM - Credito Emiliano S.p.A. published this content on 09 June 2016 and is solely responsible for the information contained herein.
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