Banca Sistema SpA announced that on September 22, 2015, Gianluca Garbi, Daniele Pittatore, Claudio Pugelli and Giovanni Puglisi offered their resignations from the board of directors. The resignations are effective November 30, 2015 or on the date of the bank's annual general meeting, which will be held to reach a decision regarding the reinstatement of the board of directors. The resignations have been handed in to favor the bank's reshuffle, so that the board can reflect its new shareholding structure better.

Garbi's delegated powers as CEO of the bank will expire when the resignations go into effect, but he will retain his role as general manager. Presently, Garbi is a member of the executive committee, Pittatore of the internal control and risk management, nomination, and compensation committees, Pugelli of the nomination committee; and Puglisi of the compensation committee.