September 15, 2015 / 11:21 AM / 3 years ago

Monte dei Paschi shareholders appoint Tononi as new chairman

SIENA, Italy (Reuters) - Shareholders at Italy’s Monte dei Paschi di Siena (BMPS.MI) approved on Tuesday the appointment of Massimo Tononi, former head of the Milan stock exchange, as chairman of the bank.

A panel with logo of Monte dei Paschi di Siena bank is seen in downtown Siena, November 5, 2014. REUTERS/Giampiero Sposito

    Tononi replaces Alessandro Profumo who left Italy’s No. 3 lender in August.

    Monte dei Paschi, which emerged as the weakest lender in a European banking sector health-check last year, is carrying out a painful turnaround plan and looking for a buyer.

    Reporting by Stefano Bernabei, editing by Stephen Jewkes

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below