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EBS - Erste Bank AG News Story

€19.41 -0.7  -3.5%

Last Trade - 18/09/20

Sector
Financials
Size
Large Cap
Market Cap £7.22bn
Enterprise Value £4.23bn
Revenue £7.69bn
Position in Universe 123rd / 1040

Erste Group turns in-house for successor to CEO Treichl

Thu 13th September, 2018 1:42pm
VIENNA, Sept 13 (Reuters) - Austrian lender Erste Group
 ERST.VI  has turned in-house for its choice of successor to its
long-standing Chief Executive  Andreas Treichl, picking a board
member of its unit in charge of the Austrian market.
    Bernhard Spalt, 50, who is chief risk officer of Erste Bank
Oesterreich, will become deputy chief executive for the group in
mid-2019 before succeeding Triechl in January 2020, the company
said on Thursday.
    Treichl, 66, is Europe's longest-serving bank CEO and a
prime architect of the Austrian lender's push into central and
eastern Europe. After his departure, Treichl will become
chairman of Erste Foundation, Erste Group's largest shareholder.

 (Reporting by Francois Murphy; Editing by Michael Shields)
 ((francois.murphy@thomsonreuters.com; +43 1 531 12 254;))
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