UniCredit separates management from supervision

Daniela Rohan, human resources manager at UniCredit Tiriac Bank, has been appointed to the position of executive vice-president, and will become the seventh member of the Executive Board. In addition, three new members from the UniCredit group, the majority shareholder, joined the Supervisory Board: Federico Ghizzoni, Carlo Vivaldi and Heinz Meidlinger. The new appointments came amid the introduction of the dualist corporate system, approved at the General Meeting of Shareholders on April 17, which involves the Supervisory Board and Directorate. “We wanted a clear separation between the members of the former Board of Directors and those of the executive board, and to adopt the structure model of UniCredit. The Supervisory Board will strictly supervise and control, and not interfere with the executive management,” said Dan Pascariu, appointed chairman of the Supervisory Board. Previously, six members of the Board of Directors also held executive positions.