Aims to pick Mustier’s successor by Feb. 10 Orcel, Gallia strong contenders but issues remain Mediobanca CEO fits profile but unavailable
By Valentina Za, Gianluca Semeraro and Claudia Cristoferi
MILAN, Jan 18 (Reuters) - UniCredit is narrowing down a field of candidates to replace departing Chief Executive Jean Pierre Mustier, three people familiar with the matter said, as Italy’s second biggest bank tries to find a new boss by early February.
The French banker said on Nov. 30 he would step down by mid-April due to disagreements with the board over strategy.
Mustier had been discussing with Rome a potential takeover of state-owned Monte dei Paschi. He prioritised returning cash to shareholders over M&A and had set strict terms to consider an acquisition.
By Reuters Staff
2 Min Read
LONDON, Jan 19 (Reuters) - Nick Mather, the chief executive officer of copper and gold miner SolGold, will retire at the end of March after 13 years at the helm, the company said in a statement.
While Solgold starts the hunt for a new CEO, its non-executive director Keith Marshall will step in as an interim chief, it added.
Reuters on Friday reported that the company had launched a process to replace Mather after nearly half of shareholders, including BHP, and Newcrest, opposed his reappointment to the board following a dispute over funding for the miner’s mammoth Ecuador copper-gold project.
Aims to pick Mustier’s successor by Feb. 10 Orcel, Gallia strong contenders but issues remain Mediobanca CEO fits profile but unavailable
By Valentina Za, Gianluca Semeraro and Claudia Cristoferi
MILAN, Jan 18 (Reuters) - UniCredit is narrowing down a field of candidates to replace departing Chief Executive Jean Pierre Mustier, three people familiar with the matter said, as Italy’s second biggest bank tries to find a new boss by early February.
The French banker said on Nov. 30 he would step down by mid-April due to disagreements with the board over strategy.
Mustier had been discussing with Rome a potential takeover of state-owned Monte dei Paschi. He prioritised returning cash to shareholders over M&A and had set strict terms to consider an acquisition.
Copper and gold miner SolGold Plc has launched a process to replace Chief Executive Nick Mather after nearly half of shareholders, including BHP and Newcrest, opposed his reappointment to the board, said an industry source familiar with the matter.
Stephen Nellis, Svea Herbst-Bayliss
(Recasts lead and headline, adds background)
Jan 13 (Reuters) - Intel Corp said on Wednesday it would replace Chief Executive Officer Bob Swan with VMware Inc CEO Pat Gelsinger, who started his career at Intel, to help the company navigate its way out of a manufacturing crisis.
For decades the world leader in chip-making technology, Intel has lost its manufacturing edge in recent years to Taiwanese and Korean rivals, and is now debating whether to have others make some of its flagship central processor unit chips, or CPUs, slated for release in 2023.
Gelsinger, who started his career at Intel at 18 and spent 30 years at the company, was among the most credible candidates to take the company’s helm, analysts said, and shares rose more than 8% in morning trading. He joined Intel before college, went on to have a storied career at EMC and VMware, and will return to a company at a historic crossroads.