UniCredit: UniCredit Chairman Pier Carlo Padoan will step down at the end of his term

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No

/

2026

Date of issue:

2026-10-28

Short name of the issuer

UniCredit

Subject

UniCredit Chairman Pier Carlo Padoan will step down at the end of his term

Official market - legal basis

Inne uregulowania

Unofficial market - legal basis

Contents of the report:

Milan, 28 October 2026 – UniCredit today announces that Pier Carlo Padoan will step down as Chairman of the Board at the end of his term.

Under his highly successful tenure, the Bank has undergone a significant transformation and established itself as Europe’s leading bank.

During this time, Pier Carlo Padoan has made an invaluable contribution to the Bank’s strategic direction and development, guiding the institution through a period of profound change.

He has steered the bank through an operational and strategic transformation as well as navigating challenging circumstances arising from both the broader macroeconomic environment and the evolving political landscape. In particular, he built and managed relationships with national institutions across Europe and beyond, working to ensure support for the bank from stakeholders across its network.

During his time at UniCredit, it has been transformed into one of Europe’s leading banks, delivering record profitability, creating substantial shareholder value through industry-leading distributions, and strengthening its capital position and resilience to support long-term growth

Pier Carlo will step down at the end of his term, for personal reasons.

The Board wishes to express its sincere appreciation for his leadership, commitment and stewardship, which have established a strong foundation for the Bank’s continued success.

Commenting on the announcement, the Board said: “On behalf of the Board, we would like to thank Pier Carlo for his valued leadership, guidance and unwavering commitment to the Bank. He has provided stability and continuity through a period of significant transformation and challenging circumstances, while remaining steadfast in his commitment to the Board and all stakeholders. We are deeply grateful for his contribution and wish him every success for the future.”

The UniCredit Group CEO Andrea Orcel said, "I want to personally thank Pier Carlo for his leadership and support since the beginning of my tenure. He has been a source of sound counsel and wisdom, and I have greatly valued our partnership. The Board, GEC and I remain fully focused on delivering our strategy, and we look forward to continuing that work through this transition and beyond.”

The Chairman will work closely with Jeffrey Edberg as head of the bank's Nomination Committee to identify a suitable successor. Ensuring an orderly and smooth handover. The priority is to preserve continuity in the Bank’s governance and maintain the Board’s focus on the institution’s strategic priorities.

The mutually agreed transition will be conducted in a manner and timeframe that puts the interests of the Bank and its stakeholders first. The Bank remains firmly focused on its long-term ambitions, building on the strong foundations established during Pier Carlo’s tenure.

Contacts:

Media Relations e-mail: MediaRelations@unicredit.eu

Investor Relations e-mail: InvestorRelations@unicredit.eu

Annexes

File

Description

PR_UniCredit_Chairman step down at the end of his term_.pdf

Press release

Legal framework

Type of information

RegulatoryData

Collection Body

PLKNF

Unique data record identifier

Type of submission

New (to be used for new information)

Voluntary information flag

Date or period covered [Date or beginning of the period to which the information relates]

2026-10-28

Date or period covered [Date or end of the period to which the information relates]

2026-10-28

Personal data flag

Macierzyste państwo członkowskie, w stosownych przypadkach

PL

DocumentReference

Język, w którym przekazano informacje

Oryginał (ORIG) czy tłumaczenie (TRAN)

Numer referencyjny pliku danych

PL

ORIG

SubmittingEntity

Submitting entity LEI

or

Submitting entity name - natural person

549300TRUWO2CD2G5692

RelatedEntity/LegalPerson

Entity LEI

Size of the entity

Industry sector(s)

549300TRUWO2CD2G5692

Large group

(acc. NACE): K

UniCredit S.p.A.

(fullname of the issuer)

UniCredit

Banki (ban)

(short name of the issuer)

(sector according to clasification

of the WSE in Warsow)

00187

Rzym

(post code)

(city)

Specchi

(street)

(number)

(phone number)

(fax)

(e-mail)

(web site)

00348170101

N/A

(NIP)

(REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

2026-10-28

Daniela Arienti

Group Media Relations