VIENNA (Reuters) – Italian lender UniCredit will replace the head of its Austrian business in March to drive forward the restructuring of the operation’s struggling retail business.
Robert Zadrazil, 45, will replace 59-year-old CEO Willibald Cernko as head of the business, which is called UniCredit Bank Austria. Zadrazil has been head of Bank Austria’s private banking arm.
“The timing is ideal for a change of generations,” said Erich Hampel, Bank Austria’s supervisory board head.
“I am convinced that Robert Zadrazil is the right ma…
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