UniCredit announced today that Michael Diederich will take up his position as Country Chairman Germany and spokesperson of the Management Board of UniCredit Bank AG effective 1 January 2018. The current Country Chairman Germany, Theodor Weimer, will leave the Group on 31 December 2017. Michael Diederich will report to Gianni Franco Papa, Group General Manager and Chairman of the Supervisory Board of UniCredit Bank AG.
Michael Diederich will remain in Munich at UniCredit Bank AG, where he is currently responsible for Corporate and Investment Banking in Germany and will maintain this role until his successor has been identified. Michael Diederich has held this role since he rejoined the UniCredit group in 2015 after an experience as CEO of Euler Hermes Kreditversicherung AG.
Gianni Franco Papa, Group General Manager and Chairman of the Supervisory Board of UniCredit Bank AG, said: “We congratulate Michael Diederich on his appointment, which is a concrete example of the vast pool of talent within the Group and the effectiveness of our succession processes. I express the most sincere thanks, from UniCredit and from the Supervisory Board of UniCredit Bank AG, to Theodor Weimer for the significant contribution he has given to the Bank, wishing him the best in his new challenges
professional".
