MILAN – Shares in Italian bank UniCredit sank 7% on Tuesday after the bank unexpectedly announced that CEO Jean Pierre Mustier is leaving in April due to strategy differences with the board.Mustier, 59, was appointed CEO in 2016, and has steered the bank to financial fitness through a rigorous restructuring plan.
But the French executive has more recently been under pressure to merge with the weakened Italian bank Monte dei Paschi di Siena.