Bank Chief Executive dismissed
PR dla Zagranicy
The supervisory board at Poland's Bank Pekao on Wednesday dismissed its CEO Luigi Lovaglio days after Italy’s UniCredit sold a minority stock in the bank to a state-run consortium.
Bank Pekao. Photo: Wikimedia Commons/Sluzbowo/CC BY-SA 4.0
Bank Pekao is Poland’s second-largest lender. State-run insurer PZU last week said that it and the Polish Development Fund (PFR) finalised the purchase of a 32.8 percent stake in Pekao for PLN 10.6 billion.
In a statement on Wednesday, Pekao said in a statement that Michał Krupiński, a former CEO at PZU, was named deputy CEO at the bank.
The Puls Biznesu daily added that Pekao board members Diego Biondo and Stefano Santini were also dismissed on Wednesday. (rg)