UniCredit Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Andrea Orcel

Chief executive officer

€3.7m

Total compensation

CEO salary percentage	54.7%
CEO tenure	3yrs
CEO ownership	n/a
Management average tenure	2.8yrs
Board average tenure	3yrs

Recent management updates

Shareholders Will Probably Hold Off On Increasing UniCredit S.p.A.'s (BIT:UCG) CEO Compensation For The Time Being

Oct 21

Recent updates

UniCredit's (BIT:UCG) Upcoming Dividend Will Be Larger Than Last Year's

Apr 12

UniCredit (BIT:UCG) Is Increasing Its Dividend To €1.8

Mar 29

UniCredit's (BIT:UCG) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 15

With EPS Growth And More, UniCredit (BIT:UCG) Makes An Interesting Case

Mar 13

Shareholders Will Probably Hold Off On Increasing UniCredit S.p.A.'s (BIT:UCG) CEO Compensation For The Time Being

Oct 21

Does UniCredit (BIT:UCG) Deserve A Spot On Your Watchlist?

May 24

UniCredit (BIT:UCG) Is Increasing Its Dividend To €0.9872

Apr 05

UniCredit's (BIT:UCG) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 08

Is UniCredit S.p.A. (BIT:UCG) A Smart Pick For Income Investors?

Apr 21

CEO Compensation Analysis

How has Andrea Orcel's remuneration changed compared to UniCredit's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	€9b
Sep 30 2023	n/a	n/a	€9b
Jun 30 2023	n/a	n/a	€8b
Mar 31 2023	n/a	n/a	€8b
Dec 31 2022	€4m	€2m	€6b
Sep 30 2022	n/a	n/a	€3b
Jun 30 2022	n/a	n/a	€2b
Mar 31 2022	n/a	n/a	€1b
Dec 31 2021	€7m	€2m	€2b

Compensation vs Market: Andrea's total compensation ($USD3.91M) is about average for companies of similar size in the Italian market ($USD3.92M).

Compensation vs Earnings: Andrea's compensation has been consistent with company performance over the past year.

CEO

Andrea Orcel (60 yo)

3yrs

Tenure

€3,658,846

Compensation

Mr. Andrea Orcel serves as Director at EIS Group, Inc. He serves as Supervisory Board Member at UniCredit Bank AG since 2021 and serves as Chairman of Supervisory Board since July 14, 2021. He served as Ch...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrea Orcel	UniCredit Group CEO and Head Of Italy	3yrs	€3.66m	no data
Stefano Porro	Chief Financial Officer	3.5yrs	no data	no data
Gianfranco Bisagni	Group Chief Operating Officer	1.8yrs	no data	no data
Ali Khan	Group Information and Digital Officer	less than a year	no data	no data
Magda Palczynska	Head of Group Investor Relations	2.5yrs	no data	no data
Serenella de Candia	Group Compliance Officer	3.3yrs	no data	no data
Siobhan McDonagh	Head of Group People & Culture	1.9yrs	no data	no data
Mikhail Alekseev	Executive Vice President	no data	no data	no data
Jürgen Dennert	Executive VP and Head of Audit & Corporate Bodies Support & QAR	no data	no data	no data
Bernhard Brinker	Executive VP & Head of Private Banking - UniCredit Bank AG	no data	no data	no data
Silvio Santini	Executive VP and Head of Group Brand Management & Digital Governance	no data	no data	no data
Michele Amadei	Chief of the Corporate & Investment Banking Business for Asia	8.1yrs	no data	no data

2.8yrs

Average Tenure

59.5yo

Average Age

Experienced Management: UCG's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrea Orcel	UniCredit Group CEO and Head Of Italy	3yrs	€3.66m	no data
Antonio Domingues	Director	no data	no data	no data
Marco Giuseppe Rigotti	Director	no data	no data	no data
Francesca Tondi	Independent Non-Executive Director	3yrs	€217.20k	no data
Marcus Chromik	Director	no data	no data	no data
Pietro Padoan	Independent Chairman of the Board	3.5yrs	€968.35k	no data
Maria Pierdicchi	Independent Non-Executive Director	3yrs	€219.95k	no data
Vincenzo Cariello	Independent Non-Executive Director	3yrs	€162.26k	no data
Elena Carletti	Independent Non-Executive Deputy Vice Chair	3yrs	€323.80k	no data
Beatriz Angela Bartolome	Independent Non Executive Director	3yrs	€144.80k	no data
Jeffrey Hedberg	Independent Non-Executive Director	3yrs	€196.13k	no data
Paola Bergamaschi	Director	no data	no data	no data

3.0yrs

Average Tenure

60yo

Average Age

Experienced Board: UCG's board of directors are considered experienced (3 years average tenure).

UniCredit Management

Management criteria checks 4/4

Key information

Recent management updates

Shareholders Will Probably Hold Off On Increasing UniCredit S.p.A.'s (BIT:UCG) CEO Compensation For The Time Being

UniCredit S.p.A., Annual General Meeting, Oct 27, 2023

Unicredit S.P.A. Announces Executive Changes

UniCredit S.p.A., Annual General Meeting, Mar 31, 2023

UniCredit S.p.A., Annual General Meeting, Sep 14, 2022

UniCredit Announces Executive Changes

Recent updates

Upcoming dividend of €1.80 per share

UniCredit's (BIT:UCG) Upcoming Dividend Will Be Larger Than Last Year's

UniCredit (BIT:UCG) Is Increasing Its Dividend To €1.8

Full year 2023 earnings: EPS and revenues exceed analyst expectations

UniCredit's (BIT:UCG) Shareholders Will Receive A Bigger Dividend Than Last Year

Dividend increased to €1.80

With EPS Growth And More, UniCredit (BIT:UCG) Makes An Interesting Case

UniCredit and Rockefeller Asset Management Launch Onemarkets Rockefeller Global Innovation Equity Fund

Price target increased by 8.0% to €35.47

Consensus EPS estimates increase by 11%

Full year 2023 earnings released: EPS: €4.71 (vs €3.08 in FY 2022)

UniCredit S.p.A. to Report Q4, 2023 Results on Feb 04, 2024

UniCredit S.p.A. to Report Fiscal Year 2023 Results on Feb 29, 2024

UniCredit S.p.A. to Report Q3, 2024 Results on Oct 24, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

UniCredit Bids to Buy Stake in Alpha Bank

Shareholders Will Probably Hold Off On Increasing UniCredit S.p.A.'s (BIT:UCG) CEO Compensation For The Time Being

UniCredit S.p.A., Annual General Meeting, Oct 27, 2023

Second quarter 2023 earnings released

Unicredit S.P.A. Announces Executive Changes

Now 22% undervalued

Does UniCredit (BIT:UCG) Deserve A Spot On Your Watchlist?

Consensus EPS estimates increase by 13%

Price target increased by 7.5% to €24.30

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 30%

Now 21% undervalued

Upcoming dividend of €0.99 per share at 5.1% yield

UniCredit (BIT:UCG) Is Increasing Its Dividend To €0.9872

Investor sentiment deteriorates as stock falls 17%

Now 27% undervalued

UniCredit's (BIT:UCG) Shareholders Will Receive A Bigger Dividend Than Last Year

Now 20% undervalued

UniCredit S.p.A. Provides Earnings Guidance for the Year 2023

Full year 2022 earnings: Revenues exceed analyst expectations

UniCredit S.p.A. to Report Q4, 2022 Results on Jan 30, 2023

Investor sentiment improves as stock rises 17%

UniCredit S.p.A., Annual General Meeting, Mar 31, 2023

UniCredit S.p.A. to Report Q3, 2023 Results on Oct 25, 2023

UniCredit Reassesses Potential Acquisition of Monte dei Paschi di Siena

Credit Factor SpA and KRUK Spólka Akcyjna (WSE:KRU) reached an agreement to acquire Non-performing unsecured individual credit portfolio, in Italy from UniCredit S.p.A. (BIT:UCG).

UniCredit S.p.A. to Report Fiscal Year 2022 Results on Jan 30, 2023

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

CNP Assurances SA completed the acquisition of remaining 49% of CNP Vita Assicura S.p.A. from UniCredit S.p.A. (BIT:UCG).

Consensus forecasts updated

Second quarter 2022 earnings: Revenues exceed analyst expectations

UniCredit S.p.A., Annual General Meeting, Sep 14, 2022

CNP Assurances SA signed a share purchase agreement to acquire 49% stakes in CNP Vita Assicura S.p.A. from UniCredit S.p.A. (BIT:UCG) for 500 million.

UniCredit Reportedly Considers Russia Exit that it Can Reverse After the War

illimity Bank S.p.A. (BIT:ILTY) reached an agreement to acquire Italian non-performing loans portfolio from UniCredit S.p.A. (BIT:UCG).

UniCredit Announces Executive Changes

UniCredit and Commerzbank Postpone Merger Talks

First quarter 2022 earnings: Revenues exceed analyst expectations

Consensus forecasts updated

Upcoming dividend of €0.54 per share

Price target decreased to €15.43

Consensus forecasts updated

Now 30% undervalued after recent price drop

Investor sentiment deteriorated over the past week

UniCredit Withdraws from A Possible Deal to Take over Otkritie Bank

Full year 2021 earnings: Revenues exceed analyst expectations

Update on UniCredit and Otkritie Bank Potential Acquisition

UniCredit Reportedly Among Suitors for Russia's Otkritie Bank

Price target increased to €15.51

Consensus forecasts updated

Investor sentiment improved over the past week

Italy, UniCredit Reportedly to Extend Talks over Monte dei Paschi Sale

Consensus forecasts updated

Second quarter 2021 earnings released