UniCredit SpA , Italy’s biggest bank, named Deputy Chief Executive Officer Federico Ghizzoni as CEO nine days after his predecessor Alessandro Profumo quit under pressure from investors.
UniCredit SpA Chief Executive Officer Federico Ghizzoni said a solution to the “tense and complicated” crisis in Ukraine is needed to avoid harming business in Europe.
UniCredit SpA Chief Executive Officer Federico Ghizzoni is buying time to rescue Italy’s biggest bank as the country teeters on the brink of recession.
UniCredit will cut costs this year more aggressively than planned, beating targets approved in November, Chief Executive Officer Federico Ghizzoni said.
"The ruble's decline is not having an impact on the Russian unit because its assets are denominated half in rubles, with most of the remainder in dollars."
- Federico Ghizzoni on Dec 16, 2014