REG - Bank of Georgia Grp - Bank of Georgia Executive Management Team Updates

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27/01/2025 12:00

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RNS Number : 8086U  Bank of Georgia Group PLC  27 January 2025

London, 27 January 2025

 

Bank of Georgia's Executive Management Team Updates

 

Bank of Georgia Group PLC (the "Company") announces updates within the
Executive Management Team of its Georgian banking subsidiary, JSC Bank of
Georgia (the "Bank").

 

Ana Kostava, Chief Legal Officer has been appointed as Deputy CEO, subject to
regulatory approval. Ana has been with the Group since 2018, and on top of
building the Group's robust legal and compliance function, she has played a
key role in all major strategic transactions of the Group over the past couple
of years, including the Group's recent expansion into Armenia.

 

Levan Gomshiashvili, Chief Marketing, Digital, and Customer Experience
Officer, has been appointed as Deputy CEO, subject to regulatory approval.
Levan has been with the Bank since 2019, and has been instrumental in
re-establishing Bank of Georgia as the top-of-mind and the most trusted bank,
driving record-high customer Net Promoter Scores and delivering remarkable
results in digitalisation - culminating in Bank of Georgia being recognised as
the World's Best Digital Bank by Global Finance in 2024.

 

Nutsiko Gogilashvili, Deputy CEO in charge of Mass Retail Banking, has decided
to relocate to London and will continue with the Group as Senior International
Business Adviser, based in the Company's London office. Giorgi Gureshidze,
currently Head of Operations, will succeed her with effect from 1 March 2025.
Giorgi joined the Bank in September 2023 and has delivered significant
improvements and strong results in a short period of time. Giorgi's deputy,
Zurab Alpaidze will take on the role of Head of Operations and report directly
to the CEO. Zurab joined the Bank in early 2024 and has extensive experience
in finance and operations, having previously served in senior roles at
Georgian Water and Power and as Senior Auditor at EY.

 

Archil Gachechiladze, Bank of Georgia's CEO, commented: "Today we are
announcing several promotions, which reflect the consistently strong
performance and commitment of our team members to the success of the whole
organisation. I am confident in our leadership, and, on behalf of the whole
team, I would like to thank everyone for their support and wish them success."

 

You can read the biographies of existing Executive Management Team members on
the Company's website:

https://bankofgeorgiagroup.com/leadership-and-governance/subsidiary-management/
(https://bankofgeorgiagroup.com/leadership-and-governance/subsidiary-management/)

 

 

Name of authorised official of issuer responsible for making notification:
Nini Arshakuni, Head of Investor Relations

 

About Bank of Georgia Group PLC

Bank of Georgia Group PLC (LSE: BGEO LN) is a FTSE 250 holding company whose
subsidiaries provide banking and financial services focused in the high-growth
Georgian and Armenian markets through leading, customer-centric, universal
banks - Bank of Georgia in Georgia and Ameriabank in Armenia. By building on
our competitive strengths, we are committed to driving business growth,
sustaining high profitability, and generating strong returns, while creating
opportunities for our stakeholders and making a positive contribution in the
communities where we operate.

 

Legal Entity Identifier: 213800XKDG12NQG8VC53

 

 

For further information, please visit www.bankofgeorgiagroup.com
(http://www.bankofgeorgiagroup.com) or contact:

 

 Michael Oliver                              Nini Arshakuni
 Adviser to the CEO                          Head of Investor Relations
 +44 203 178 4034                            +44 203 178 4034
 moliver@bgeo.com (mailto:moliver@bgeo.com)  ir@bgeo.com

 

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should not be construed as an offer to sell or the solicitation of an offer to
buy any securities

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