UniCredit Board Said to Meet as CEO Search Seen Taking Weeks

“UniCredit SpA’s board of directors met Thursday to discuss the type of manager they want to succeed Chief Executive Officer Federico Ghizzoni,” sources report, “part of a succession process that may take weeks.” In attendance at the meeting was a representative from Egon Zehnder International Inc., the executive-search firm tasked with compiling a shortlist of candidates to lead Italy’s biggest bank. Board members also reportedly discussed the bank’s business strategy and several initiatives to improve capital and profitability, according to the people.