UniCredit’s German board member Chromik resigns, citing new professional ventures

MILAN (Reuters) – Marcus Johannes Chromik, an independent member of UniCredit’s board and member of its Risk Committee, has resigned from the board with immediate effect, Italy’s second-largest lender said on Wednesday.

Chromik has declared that his decision was due to new professional ventures, UniCredit said in a statement.

Before joining UniCredit, the German-born executive held several roles at Commerzbank, including member of the management board, chief risk officer and responsible for risk management and compliance.

UniCredit in September snapped up a stake in Germany’s Commerzbank and Italy’s No. 2 bank has been pressing for a tie-up since, in a move that has triggered opposition among Germany’s establishment.

(Reporting by Gianluca Semeraro; editing by Alvise Armellini)

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