GBAF Logo
Finance

Mediobanca's outgoing CEO sends farewell letter to bank's staff

Published by Global Banking & Finance Review

Posted on September 18, 2025

1 min read

· Last updated: January 21, 2026

Add as preferred source on Google
Mediobanca's outgoing CEO sends farewell letter to bank's staff
Appointment management financial community corporate governance
Global Banking & Finance Awards 2026 — Call for Entries

MILAN (Reuters) -Mediobanca's CEO Alberto Nagel, poised to step down after losing the battle to resist a takeover bid from Monte dei Paschi di Siena, thanked the bank's staff in a farewell letter on

Mediobanca CEO Alberto Nagel Bids Farewell to Bank Employees

MILAN (Reuters) -Mediobanca's CEO Alberto Nagel, poised to step down after losing the battle to resist a takeover bid from Monte dei Paschi di Siena, thanked the bank's staff in a farewell letter on Thursday.

Nagel writes "I will never be able to thank you enough for giving me the privilege of working with you," in the letter seen by Reuters.

(Reporting by Gianluca Semeraro, writing by Alvise Armellini, editing by)

Key Takeaways

  • Alberto Nagel steps down as Mediobanca CEO.
  • Nagel lost the takeover battle to Monte dei Paschi di Siena.
  • He expressed gratitude to the bank's staff in a farewell letter.
  • The letter was seen and reported by Reuters.
  • Nagel's departure marks a significant leadership change.

Frequently Asked Questions

Why is Alberto Nagel stepping down as CEO?
Alberto Nagel is stepping down after losing the battle to resist a takeover bid from Monte dei Paschi di Siena.
What did Nagel express in his farewell letter?
In his farewell letter, Nagel thanked the bank's staff, stating, 'I will never be able to thank you enough for giving me the privilege of working with you.'
Who reported on Nagel's farewell letter?
The farewell letter was reported by Reuters, specifically seen by Gianluca Semeraro and written by Alvise Armellini.

Tags

Related Articles

Image for Trump says he speaks with Putin and Zelenskiy -Fox News

Trump says he speaks with Putin and Zelenskiy -Fox News

Image for Trump tells Fox News Iran can call US if it wants to negotiate

Trump tells Fox News Iran can call US if it wants to negotiate

Image for Australia's Wong to visit Japan, China, South Korea to discuss energy security

Australia's Wong to visit Japan, China, South Korea to discuss energy security

Image for Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Image for Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Image for Russian defence minister visits North Korea

Russian defence minister visits North Korea

More from Finance

Explore more articles in the Finance category

Image for Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Image for Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Image for Germany's far-right AfD rises to record 28%, INSA poll shows
Germany's far-right AfD rises to record 28%, INSA poll shows
Image for German government suspects Russia of Signal attack targeting politicians, sources say
German government suspects Russia of Signal attack targeting politicians, sources say
Image for Romania finds parts of second drone after overnight Russian attack on Ukraine
Romania finds parts of second drone after overnight Russian attack on Ukraine
Image for China condemns EU's inclusion of Chinese entities in sanctions package against Russia
China condemns EU's inclusion of Chinese entities in sanctions package against Russia
Image for Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Image for Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Image for France's Macron says EU mutual assistance clause is unambiguous
France's Macron says EU mutual assistance clause is unambiguous
Image for US to let Venezuela pay Maduro's lawyer in drug trafficking case
US to let Venezuela pay Maduro's lawyer in drug trafficking case
Image for Italy votes down equal parental leave while fathers redefine their role online
Italy votes down equal parental leave while fathers redefine their role online
Image for German auto industry faces even tougher competition as China economy slows
German auto industry faces even tougher competition as China economy slows
View All Finance Posts