By Andrea Hargraves 
The Italian bank said in a statement that, at the Board of Directors meeting today, Friday, the list of candidates for the Board of Directors and members of the Audit Committee was approved. Antonio Domínguez is on the list and told Jornal Económico that he will be non-executive and will combine current positions as non-executive director.
The former president of CGD and vice president of BPI will be the new director of Italian bank UniCredit. Antonio Domínguez has been proposed as a non-executive director, with a three-year term, the Portuguese banker confirmed to Jornal Economico.
The Italian bank said in a statement that at the Board of Directors meeting on Friday, the qualitative and quantitative file of the Board of Directors of UniCredit SpA was reviewed, and the list of candidates for the Board of Directors itself and members of the Audit Committee was approved. .
The bank said in a statement: “The Board of Directors implemented these activities with the support of external advisors, in accordance with best market practices and legal and regulatory requirements.”
“The Board of Directors, based on the document entitled “Qualitative and quantitative composition of the Board of Directors of UniCredit SpA”, unanimously approved the list of candidates for the appointment of members of the Board of Directors and the Supervisory Board, which takes into account and represents the ideal total number of members of the Board of Directors, set at 15 members, including 4 Members of the Audit Committee, and the term of membership is limited to three years.
“The board agreed [sexta-feira dia 16] The statement unanimously stated that the list of candidates will be presented to the next general meeting of shareholders.
The list of 12 board members includes the name of the Portuguese banker best known for leading negotiations with the European Central Bank and the European Commission so that CGD could be properly capitalized outside of state aid. Which ended up happening. Since 2022, Antonio Domínguez has been a Non-Executive Director of Banco CTT.
Antonio Domínguez told Jornal Economico that he will combine his position at UniCredit with existing positions that are also non-executive.
The election of the director of the Italian bank will be formalized at the general meeting in April.
UniCredit's management list consists of Pietro Carlo Padoan, Chairman of the Board of Directors (Chairman) and Andrea Orcel, who will be reappointed Chief Executive Officer (CEO). Andrea Urcel was head of investment bank UBS from November 2014 to September 2018 and became known around the world for being invited to be CEO of Santander in Spain and then without inviting him. Which prompted the court to decide that Santander must, in total, compensate the bankers in the amount of 43.4 million euros.
This list, according to the bank, reflects “an enhanced international vision of the Board of Directors, facilitated by the inclusion of members from a variety of different nationalities, which enriches the Board’s understanding of various markets and emphasizes a wide range of diversity, including gender balance (50%), cultural origins and age.” “.
“The list consists of 12 candidates, including 3 members of the Audit Committee, in accordance with the requirements stipulated in the bylaws, which stipulate the appointment of three more board members, taken from the list of the minority that obtained the largest number of votes. The statement stated that one of them will be Chairman of the Audit Committee.
UniCredit also states that this list they will be submitting to the AG “follows international best practices regarding director independence, with all non-executive directors on the list being independent (i.e. 92%).” This ensures an optimal composition of board committees.
(Updated with confirmation from Antonio Dominguez)