Mustier stepped down on Feb. 11 after clashing with the board over strategy late last year. UniCredit has named Co-Chief Operating Officer Ranieri de Marchis as general manager pending Orcel's arrival.
The list will also include current Chairman-elect Pier Carlo Padoan, an Italian economist and former Treasury chief, who will replace Cesare Bisoni.
The meeting decided to take such measures which could help in making the institution financially strong and devise a comprehensive plan in that regard.