March 2, 2017 / 4:29 PM / 6 months ago

BRIEF-UniCredit says Palenzona steps down as vice chairman

March 2 (Reuters) - UniCredit says:

* vice chairman Fabrizio Palenzona steps down with immediate effect

* Palenzona decided to step down to facilitate planned 2018 corporate governance changes announced by bank last December

* a review carried by the group's corporate governance committee recommended reducing the number of vice chairmen to one from three at present Further company coverage: (Reporting by Milan newsroom)

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