The shareholders' meeting of Crédit Agricole Italy gave green light for the 2024 financial statement e company top management renewed for the three-year period 2025-2027, formalizing the new composition of the board of directors and the board of auditors.
Among the main decisions, the assembly ratified the nominations proposed by the board of directors last February 12th, designating Giampiero Maioli to the presidency and Hugues Brasseur to the operational management of the bank as chief executive officer and managing director, also with the attribution of the role of Senior Country Officer for Italy. The new positions represent a choice of continuity with respect to the strategic path undertaken by the group, confirming the central weight of the Italian market in the activities of Crédit Agricole.
Maioli, a key figure in the group's expansion in the country, takes over the Presidency after serving as CEO for 15 years. Brasseur, a long-time figure within Crédit Agricole and already at the top of the Italian institution between 2012 and 2016, returns to Parma to lead a new phase of industrial development.
A profit of 808 million and double-digit growth
The 2024 consolidated financial statement approved by the Assembly shows a net profit of 808 million euro, up by + 14,1 % on an annual basis. A aggregate level, the net result of Crédit Agricole's activities in Italy reached 1,556 billion euros (+19% compared to 2023), of which 1,254 billion pertaining to the French group. Overall financing to the Italian economy reached a quota 102 billion euros.
Italy represents the second domestic market for the French group, present with a wide range of activities: from retail banking to corporate & investment banking, from consumer credit to wealth management, up to insurance and leasing. With over 16.000 collaborators e 1.600 points of sale, Crédit Agricole confirms its centrality in the Italian economic-financial system.
The structure of the new governance
In addition to the top appointments, the new board of directors sees a combination of continuity and renewal. The vice-presidency confirmed Annalisa Sassi, Flanked by Jerome Grivet, deputy ceo of Crédit Agricole SA The reconfirmed directors include, among others, Gino Gandolfi e Anna Maria Fellegara, as they enter the board Mary Anghileri, Valentina Aureli, Matthew Melley e Véronique Raccoussot-Sorosina.
Among the new entries include Maria Anghileri, Valentina Aureli, Matteo Melley and Véronique Raccoussot-Sorosina. The entrepreneur was confirmed as vice-president Annalisa Sassi, supported by Jérôme Grivet, deputy CEO of Crédit Agricole SA
The Board of Auditors has been renewed in its ranks but not in its main figures, with Luigi Capitani confirmed as president, supported by the effective mayors Maria Ludovica Giovanardi, Francesca Michela Maurelli, Germano Montanari and Enrico Zanetti.
Fassati's greeting: "We have built a community"
The intervention of is particularly significant Ariberto Fassati, outgoing president after more than 40 years of career in the group: “It is with a a mixture of pride and gratitude that I leave the role of President. In these years we have successfully faced many challenges, always with the aim of best supporting our territories. I would like to thank all those who have shared this journey with me: the Shareholders, the Directors, the colleagues, the customers and the partners. I am confident that the bank will continue to maintain the values that have always guided us" he declared Fassati.
"We have built together over the years something more than a bank: we have created a community, a system of values and a reality that has been able to innovate and grow in the country, part of a large international group, which maintains a strong bond with the territories. Today we are announcing a further step towards the future, I am certain that the skills of all the collaborators and the strategic vision of the top management will allow us to continue the successful path undertaken in Italy" he declared Giampiero Maioli.
“I am honored to take the helm of Crédit Agricole Italia, to return to this group to lead it towards its next chapter of further development. Our team has built solid foundations and enjoys an excellent reputation on the market. My priority will be to enhance this heritage, increasingly strengthening our commitment to employees, customers and stakeholders, to continue the growth path that has always distinguished us" he commented Hugues Brasseur.
