Big news in the house bpm. Together with the appointment of Giuseppe Castagna in place of Piero Montani (who moved to Carige) as managing director, the institute could decide to renew the entire management board. This is, according to the Radiocor agency, one of the hypotheses on which the top management of Banca Popolare di Milano is discussing with greater insistence.
The renewal would have the advantage of guaranteeing continuity and reassuring the markets in view of the 500 million capital increase. Furthermore, an extraordinary meeting is scheduled for December on the issue of governance.
The Bpm Appointments Committee will meet shortly, which will start the process for Montani's succession. The possibility of renewing the Cdg in advance of the natural expiry is envisaged by the Bank's statute. The first useful occasion for the renewal of the summit could be the CDG already convened for November 12, with the approval of the revision of the business plan on the agenda.
This morning in Piazza Affari, the Bpm stock gained about three percentage points, after the -2,3% recorded yesterday.
