The assembly of Unicredit he said yes to balance with 99,37% of the share capital present and entitled to vote. Green light from the members also to dividend of €1,8029 for each share in circulation, for a maximum amount of over 3 billion. The dividend will be paid the next 24 April. 96,71 percent of the share capital present then gave the OK to the repurchase of shares for a maximum of 3,1 billion, just authorized by the ECB. She then passed with 88,05% the report on the compensation paid which concerns i top managers andCEO Andrea Orcel. In 2023, having exceeded the targets, the CEO received compensation, including bonuses, equal to 9,95 million euros. 87,96 percent of the share capital present said yes to the remuneration policy for 2024 while 99,80% gave the OK to the share participation plan for the group's employees.
Unicredit, top management confirmed: who is on the new board of directors
The assembly also renewed the board of directors for the financial years 2024-2026 with the reconfirmation of Pier Carlo Padoan as president e Andrea Orcell as CEO. Specifically, the shareholders appointed various members of the Management Control Committee as members of the board of directors: Pier Carlo Padoan, Andrea Orcel, Paola Bergamaschi, Elena Carletti, Marcus Johannes Chromik, Antonio Domingues, Jeffrey Alan Hedberg, Beatriz Angela Lara Bartolomè e Maria Pierdicchi, taken from list number 1, presented by the outgoing board, which obtained the relative majority of assembly votes, equal to 91,49 percent; as well as Vincenzo Cariello e Francesca Tondi, taken from list number 2, presented by a plurality of institutional investors (representing 11,4% of the share capital) and voted by the minority of shareholders who attended, with 8,37% of the capital represented at the meeting. Furthermore, the following have been appointed as members of the board of directors and of the Management Control Committee: Paola Camagni, Julie Birgitte Galbo and Gabriele Villa, taken from list number 1, as well as Marco Giuseppe Maria Rigotti (president of the Management Control Committee), taken from list number 2.
Unicredit, what Orcel said
“I am thrilled to begin my second term as CEO of Unicredit. Being confirmed for a second time means that you believe in the path we have undertaken, you share the vision we have outlined, and above all that you trust me to make it happen. This is a great honor for me. I have never taken this appointment for granted and I will continue to commit and work tirelessly to deserve this trust." As' the CEO of Unicredit, Orcel, following the meeting which confirmed him on the board of directors and after the new board, during its first meeting, once again granted him the powers of company head. “Last year we not only reached our targets, we exceeded them – recalled Orcel – 2023 was the year in which everyone was certain that Unicredit is a true leader in the banking sector. I have no intention of stopping now", reiterated the banker, underlining that "achieving the objectives outlined in Unicredit has never been the destination, but a stage on the journey towards continuous improvement and the realization of our vision". “Our ultimate goal, our greatest ambition – he clarified – is to become the bank for the future of Europe, to anticipate change and establish a new point of reference for what a European bank should be and should do”. “Our challenge for 2024 and beyond is to continue to improve our performance, break more records, always push ourselves beyond our goals and the expectations of the market, our customers and our people,” he said. “I don't take my position for granted – Orcel finally noted – I see it rather as something I have to deserve every day. This is why I will continue to work incessantly, to repay the trust you have placed in me."
