Oct. 24 (Bloomberg) -- Italian President Giorgio Napolitano gave final approval today to the nomination of Ignazio Visco as governor of the Bank of Italy, according to an e-mailed statement from his office today.

Napolitano signed a decree nominating Visco as Mario Draghi’s successor, according to the statement, following approval of the appointment earlier today by the Bank of Italy’s Board of Directors.

To contact the editor responsible for this story: Jeffrey Donovan at jdonovan26@bloomberg.net