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4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Intesa Sanpaolo    ISP   IT0000072618

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Intesa Sanpaolo SpA : Intesa Sanpaolo: CEO Corrado Passera appointed Minister of Economic Development, Infrastructure and Transport

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11/16/2011 | 05:45pm CEST

Torino, Milano, 16 November 2011 - Intesa Sanpaolo announces that today Managing Director and CEO Corrado Passera has left the Group to serve as Minister of Economic Development, Infrastructure and Transport.

In accordance with the Articles of Association his related powers are to be exercised by the General Manager, Deputy to the CEO, Marco Morelli.

The Chairman of the Supervisory Board, Giovanni Bazoli, and the Chairman of the Management Board, Andrea Beltratti, together with all the Boards' Members, heartily congratulate Corrado Passera for the post of high responsibility he is taking on in the Country's interest. They also express grateful feelings for all that he has accomplished over the many years spent developing and strengthening the Group's position in the banking system, in Italy and Europe alike.

Heartfelt wishes are also addressed to Elsa Fornero, Deputy Chairwoman of the Supervisory Board, who will serve as Minister of Labour and Social Policy and have delegated powers over Equal Opportunities.

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Financials (€)
Sales 2017 17 377 M
EBIT 2017 8 326 M
Net income 2017 3 771 M
Debt 2017 -
Yield 2017 7,61%
P/E ratio 2017 11,71
P/E ratio 2018 11,00
Capi. / Sales 2017 2,52x
Capi. / Sales 2018 2,43x
Capitalization 43 750 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 2,92 €
Spread / Average Target 12%
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NameTitle
Carlo Messina MD, Chief Executive Officer & Director
Gian Maria Gros-Pietro Chairman
Eliano Omar Lodesani Chief Operating Officer & Head-Human Resources
Stefano del Punta Chief Financial Officer
Giovanni Costa Director & Deputy Chairman-Management Board
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