Tour-BPM: the board of directors approved the merger and the list for the new board – Il Sole 24 Ore

The board of directors of the Banco Popular and the management board of Banca Popolare di Milano, with the approval of the BPM supervisory board, approved the proposed merger between the two banks and the Statute of the new parent company, to be called Banco BPM and will be a spa. The new institute, said in a statement, will feature bank and holding company with operational functions as well as coordination and unified management of all companies’ belonging to the merged group.

The first board of directors will be composed of 19 members: Chairman of the board will be Carlo Fratta Paris and Managing Director Giuseppe Castagna, who are now respectively president and CEO of the Bank and BPM; deputy vice-president will be Mauro Poloni, while vice presidents will Castellotti Guido and Maurizio Comoli.

tO OCCUR iN tHE NEW GROUP BPM-BANK
market shares in percentage and number of branches (Bank of ‘Italy)

the other members of the Board of Directors will be: Mario Anolli, Massimo Catizone, Rita Laura D’Ecclesia, Carlo Frascarolo, Paola Galbiati, Cristina Galeotti, Marisa Golo, Piero Lonardi, Giulio Pedrollo, Fabio Ravanelli, Pier Francesco Saviotti, Manuela Soffientini, Costanza Torricelli and Cristina Zucchetti. an executive committee will be formed consisting of six directors, including the CEO, the vice-president vicar and the two vice presidents. The first chairman of the executive committee will be Pier Francesco Saviotti.

BPM-Tour, the way of synergies against the crisis of revenue

Within the board of directors will consist of an internal audit and risk committee, a nomination committee, a remuneration committee and a Related party Committee, each of which consists of four members. The supervisory board will consist of five regular members and 3 alternate members: it is Marcello Priori, who will assume the post of chairman of the supervisory board, Gabriele Camillo Erba, Maria Luisa Mosconi, Claudia Rossi, Alfonso Sonato, auditors. alternate auditors will be Chiara Benciolini, Marco Bronzed, Ezio Simonelli. Maurizio Faroni complete the structure as dg and Domenico De Angelis and Salvatore Poloni as co-directors. To shareholders of the Bank will go the 54.626% of the shares of the new group, the mind to those of the BPM will go the 45.374% of the share capital.

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