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UniCredit's new CEO Orcel streamlines top management structure

UniCredit's new CEO Orcel streamlines top management structure
UniCredit's new CEO Orcel streamlines top management structure   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
By Reuters

MILAN (Reuters) – UniCredit said on Wednesday new Chief Executive Andrea Orcel had reorganised the group’s top management structure, removing twin heads who used to lead the top corporate functions under previous CEO Jean Pierre Mustier.

UniCredit said a 15-member Group Executive Committee (GEC) would replace the current Executive Management Committee (EMC) comprising 27 people.

(Reporting by Valentina Za, editing by Maria Pia Quaglia)