CFOs on the Move (Europe): Week Ending May 1

UniCredit, Allied Irish Banks, Banque Populaire/Caisse d'Epargne, Prudential, FirstGroup
Jason KaraianMay 1, 2009

UniCredit, an Italian financial services group, moved Marina Natale from head of its private banking division to group CFO. She replaces Ranieri de Marchis, who will become head of audit. De Marchis replaces Elisabetta Magistretti, who is retiring.

Allied Irish Banks, a beleaguered Irish lender, announced sweeping management changes. Chairman Dermot Gleeson will step down in July and chief executive Eugene Sheehy will retire as soon as a replacement is found. Finance director John O’Donnell will also retire, in August. His replacement has not yet been named.

In June, Nicolas Duhamel will take over as CFO of the French savings bank that will result from the merger of Banque Populaire and Caisse d’Epargne. He is currently CFO and COO of the French postal service.

UK-based insurer Prudential poached Nicolaos Nicandrou from rival Aviva. He will step into the CFO role left by Tidjane Thiam, who is stepping up to CEO later this year.

FirstGroup, a UK-based transport company, named Jeff Carr as its new finance director. He will join “in the next few months,” the company said, from low-cost airline EasyJet, where he was finance chief since 2005. He previously spent time at AB Foods, Reckitt Benckiser, Grand Metropolitan and Unilever. Carr replaces Nicholas Chevis, FirstGroup’s financial controller and acting finance director since August 2007.