Banco Bpm: unanimous approval for board of directors list with Tononi and Castagna

The board of directors of Banco Bpm, which has just concluded, has unanimously given its green light to the list of the outgoing board, for the renewal of the top management of the institution in Piazza Meda. The names of current CEO Giuseppe Castagna and chairman Massimo Tononi are confirmed in the list.

"The Board's list, unanimously approved today, demonstrates the Board's willingness to rely on candidates of unquestionable value, who are independent and authoritative. This is the first case of a Board list presented to the market on the basis of the new rules introduced by the Capital Law, to which we adapted the Articles of Association at the Extraordinary Shareholders' Meeting of 23 February, with the favourable vote of more than 95% of the participants," Chairman Tononi said in a note. "The revised Articles of Association make it possible to strengthen governance and ensure greater room for expression for minorities. These elements of corporate democracy do not compromise the bank's governability, thanks to the large majority of directors reserved for the first list'.

CEO Giuseppe Castagna is satisfied. "With the Board list that we approved today, we present ourselves to shareholders and the market, renewing our commitment to continue along a path that has allowed us to achieve significant goals, giving important satisfaction to shareholders and all stakeholders. The results achieved are there for all to see: Banco BPM has distinguished itself in recent years for having paid shareholders an overall remuneration that is among the highest in Europe, going from a capitalisation of around EUR 2 billion to around EUR 20 billion, with dividends that have exceeded EUR 3 billion in the last two years. The list presented today confirms our successful model as a public company, capable of protecting the interests of all the bank's shareholders,' the banker said.