Mps, the board of directors withdraws the proxies from the CEO Bastianini

(ANSA) - MILAN, 07 FEB - The board of Mps has resolved to withdraw the powers of the managing director, GuidoBastianini.

According to ANSA, the decision was taken by the board unanimously.

    The distrust of Bastianini, less than two years after his appointment, wanted by the M5S, opens the way for the appointment as CEO of Luigi Lovaglio, a long-term banker with a career entirely within Unicredit, of which he led the Polish subsidiary Bank Pekao, and then to land at the head of Creval, of which he successfully oversaw the capital increase and restructuring up to the takeover bid for Agricole credit.

    Lovaglio should be co-opted into the Board of Directors and, subsequently, receive the proxies of CEO.

Bastianini's departure should have been motivated by the failure of the fiduciary relationship with the board of directors.

The mistrust comes after the Treasury, in a meeting held about ten days ago with the general manager, Alessandro Rivera, had asked Bastianini, never in tune with the Mef, to take a step backwards favoring a change in the bank's strategy, which this year will have to resorting to the market to ask for another 2.5 billion euros and that it is negotiating with the EU the approval of its industrial plan while the government is asking for an extension of the deadline for leaving the capital.

    The accounts for the year 2021 are also being examined by the board of directors, which analysts expect to be profitable for approximately 270 million euros.

(HANDLE).