UniCredit Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Andrea Orcel

Chief executive officer

€6.9m

Total compensation

CEO salary percentage	37.7%
CEO tenure	3.5yrs
CEO ownership	n/a
Management average tenure	2.7yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andrea Orcel's remuneration changed compared to UniCredit's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	€10b
Mar 31 2024	n/a	n/a	€10b
Dec 31 2023	€7m	€3m	€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 ($USD7.48M) is above average for companies of similar size in the Polish market ($USD4.35M).

Compensation vs Earnings: Andrea's compensation has increased by more than 20% in the past year.

CEO

Andrea Orcel (61 yo)

3.5yrs

Tenure

€6,894,984

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	Chair of HypoVereinsbank-UniCredit Bank GmbH & UniCredit Foundation	3.5yrs	€6.89m	no data
Stefano Porro	Chief Financial Officer	4yrs	no data	no data
Gianfranco Bisagni	Group Chief Operating Officer	2.3yrs	no data	no data
Ali Khan	Group Information & Digital Officer	1.3yrs	no data	no data
Magda Palczynska	Head of Group Investor Relations	3yrs	no data	no data
Serenella de Candia	Group Compliance Officer	3.8yrs	no data	no data
Rita Izzo	Head of Group Legal - ad Interim	less than a year	no data	no data
Siobhan McDonagh	Head of Group People & Culture	2.4yrs	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

2.7yrs

Average Tenure

60.5yo

Average Age

Experienced Management: UCG's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrea Orcel	Chair of HypoVereinsbank-UniCredit Bank GmbH & UniCredit Foundation	3.5yrs	€6.89m	no data
Antonio Domingues	Director	no data	no data	no data
Marco Giuseppe Rigotti	Director	no data	€251.62k	no data
Francesca Tondi	Independent Non-Executive Director	3.5yrs	€217.20k	no data
Marcus Chromik	Director	no data	no data	no data
Pietro Padoan	Independent Chairman of the Board	4yrs	€968.35k	no data
Maria Pierdicchi	Independent Non-Executive Director	3.5yrs	€219.95k	no data
Vincenzo Cariello	Independent Non-Executive Director	3.5yrs	€162.26k	no data
Elena Carletti	Independent Non-Executive Deputy Vice Chair	3.5yrs	€323.80k	no data
Beatriz Angela Bartolome	Independent Non Executive Director	3.5yrs	€144.80k	no data
Jeffrey Hedberg	Independent Non-Executive Director	3.5yrs	€196.13k	no data
Paola Bergamaschi	Director	no data	no data	no data

3.5yrs

Average Tenure

61yo

Average Age

Experienced Board: UCG's board of directors are considered experienced (3.5 years average tenure).

UniCredit Management

Management criteria checks 2/4

Key information

Recent management updates

UniCredit S.p.A., Annual General Meeting, Apr 12, 2024

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

German Chancellor Opposes Commerzbank Takeover

UniCredit S.p.A. (BIT:UCG) agreed to acquire remaining 51% stake in CNP UniCredit Vita S.p.A. from CNP Assurances SA.

UniCredit S.p.A. (BIT:UCG) acquired an additional 11.50% stake in Commerzbank AG (XTRA:CBK).

Commerzbank Reportedly Open to Tie-Up Talks with UniCredit

Second quarter 2024 earnings released

UniCredit S.p.A. (BIT:UCG) entered into a binding agreement to acquire Aion S.A and Vodeno Sp. z o.o. for €370 million.

UniCredit S.p.A.agreed to acquire majority stake in Alpha Bank Romania SA.

First quarter 2024 earnings released: EPS: €1.49 (vs €1.06 in 1Q 2023)

Upcoming dividend of €1.80 per share

Full year 2023 earnings released: EPS: €5.11 (vs €3.08 in FY 2022)

Dividend of €1.80 announced

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

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., Annual General Meeting, Apr 12, 2024

Third quarter 2023 earnings released: EPS: €1.28 (vs €0.78 in 3Q 2022)

UniCredit Bids to Buy Stake in Alpha Bank

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

Second quarter 2023 earnings released

Unicredit S.P.A. Announces Executive Changes

First quarter 2023 earnings released

Upcoming dividend of €0.99 per share at 5.1% yield

Investor sentiment deteriorates as stock falls 17%

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

Full year 2022 earnings released

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

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 released

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

Second quarter 2022 earnings released

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 released

Upcoming dividend of €0.54 per share

Now 22% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Investor sentiment improved 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

Investor sentiment improved over the past week

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

Second quarter 2021 earnings released

MBCredit Solutions S.p.A. and KRUK Spólka Akcyjna (WSE:KRU) entered into an agreement to acquire Unsecured Individual Non-Performing Credit Portfolio of UniCredit from UniCredit S.p.A. (BIT:UCG).

Kruk Investimenti S. R. L., and UniCredit S.p.A. (BIT:UCG) agreed to acquire €304 million Italian debt portfolios.

An unknown buyer acquired unknown minority stake in Net Insurance S.p.A. (BIT:NET) from UniCredit S.p.A. (BIT:UCG).

First quarter 2021 earnings released: EPS €0.40

UniCredit Provides Earnings Guidance for the Full Year 2021

Independent Director has left the company

Independent Non Executive Director has left the company

Non-Executive Chairman Cesare Bisoni has left the company

Upcoming dividend of €0.12 per share

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age