REG-TCS Group Holding PLC TCS Group announces governance enhancements and changes to the composition of its governing bodies

TCS HoldingAnnouncement

25/03/2021 13:20

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   TCS Group Holding PLC (TCS)
   TCS Group announces governance enhancements and changes to the composition
   of its governing bodies

   25-March-2021 / 16:17 MSK
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   TCS Group announces governance enhancements and changes to the composition
   of its governing bodies 

    

   Limassol, Cyprus - 25 March 2021. TCS Group Holding PLC (LI: TCS, MOEX:
   TCSG) ("Company"), Russia's leading provider of online financial and
   lifestyle services via its Tinkoff ecosystem, announces new governance
   enhancements and changes to the composition of its governing bodies.  

    

   -            Oliver Hughes appointed Executive Director on the newly
   expanded TCS Group Board of Directors to lead key governance and growth
   strategic initiatives. Oliver will continue in his long-standing role as
   CEO of TCS Group, managing the business and Group operations.

    

   -            Stanislav Bliznyuk appointed Chairman of the Tinkoff Bank
   Management Board. This appointment has received all the necessary
   regulatory approvals. Stanislav has been with the Company since 2006,
   having served in leadership positions such as Head of Business Technology
   and Innovation, COO and Head of Business Development. In addition to his
   new responsibilities as Chairman of the Tinkoff Bank Management Board, he
   will retain his role as Head of Business Development. 

    

   -            George Chesakov appointed Chairman of Tinkoff Bank Board of
   Directors, taking over from Stanislav Bliznyuk. George will remain CEO of
   Tinkoff Mobile.

    

   The changes detailed above underscore the Group's commitment to developing
   and promoting its outstanding talent, deepening the management bench and
   continuing to strengthen the Group's corporate governance, as it maintains
   its trajectory of fast and profitable growth.

    

   Stanislav Bliznyuk, Chairman of the Tinkoff Bank Management Board,
   commented:

    

   "It is great to have the opportunity to bring the rich experience I have
   gained in a variety of leadership roles at Tinkoff to my new position as
   Chairman of the Tinkoff Bank Management Board. I am delighted to be part
   of the leadership team of one of the world's most exciting fintech
   stories. I look forward to creating even more value for our customers and
   shareholders as we accelerate towards our goal of 20m customers."

    

   Oliver Hughes, CEO of TCS Group, commented:

    

   "These changes will enable me to devote more time to the development of
   corporate governance, as well as to focus on the ambitious strategic
   targets we have set out to achieve. I see my appointment as an Executive
   Director on the TCS Group Board of Directors as a great opportunity to
   facilitate further communication and cooperation between the soon to be
   expanded TCS Group Board of Directors and our management team. I am
   confident this will benefit the entire Tinkoff ecosystem, which continues
   to innovate, grow and expand at high speed. These changes are also
   important in providing opportunities for development and growth for other
   members of our outstanding team. We have a talent pool to be proud of."

    

   These appointments were approved by the Group's governing bodies on 25
   March 2021. Stanislav Bliznyuk's candidacy has been approved by the
   Central Bank of the Russian Federation. All appointments will be effective
   from 25 March 2021. Oliver Hughes was appointed to the TCS Group Board of
   Directors, effective today, as an executive director. There are no other
   matters requiring disclosure under UK Listing Rule 9.6.13.

    

   The composition of the three governing bodies of TCS Group are reported
   below.

    

   TCS Group Holding Board of Directors:

   Oliver Hughes 

   Constantinos Economides 

   Alexios Ioannides

   Mary Trimithiotou

   Martin Robert Cocker

   Jacques Der Megreditchian

    

   Tinkoff Bank Board of Directors:

   George Chesakov

   Stanislav Bliznyuk

   Sergei Pirogov

   Vadim Stasovsky

   Svetlana Ustilovskaya

    

   Tinkoff Bank Management Board:

   Stanislav Bliznyuk

   Ilya Pisemsky

   Evgeny Ivashkevich

   Valeria Pavlyukova

   Viacheslav Tsyganov

   Natalia Izyumova

   Anatoly Makeshin

    

   For enquiries:
                                   

   Artem Lebedev                  Larisa Chernysheva
   PR Department                  IR Department

   + 7 495 648-10-00 (ext. 2202)  + 7 495 648-10-00 (ext. 2312)

   Alexandr Leonov                Neri Tollardo

   + 7 495 648-10-00 (ext. 35738) +44 7741 078383

    1 pr@tinkoff.ru                2 ir@tinkoff.ru

                                   

    

   About Tinkoff Group

    

   TCS Group Holding PLC is an innovative provider of online retail and SME
   financial services. It includes Tinkoff Bank, its mobile virtual network
   operator Tinkoff Mobile, Tinkoff Insurance, its asset management company
   Tinkoff Capital, Tinkoff Software DC, a network of development hubs in
   major Russian cities, and Tinkoff Education. The Group is currently
   developing Tinkoff ecosystem, which offers financial and lifestyle
   services.

    

   The Group was founded in 2006 by Russian entrepreneur Oleg Tinkov and has
   been listed on the London Stock Exchange since October 2013.

    

   The Group's key business is Tinkoff Bank, a fully online bank that serves
   over 13 mn customers and forms the core of the Tinkoff ecosystem. Tinkoff
   is the 3d largest retail bank in Russia in terms of active client-base.

    

   Tinkoff Bank is the second largest player in the Russian credit card
   market, with a share of 14.0%. The 4Q'20 IFRS net profit of TCS Group
   Holding PLC amounted to RUB 12.3 bn. The ROE was 40.5%.

    

   With no branches, the Group serves all its customers remotely via online
   channels and a cloud-based call centre. The centre is staffed by over
   10,000 employees, making it one of the largest in Europe. To ensure smooth
   delivery of the Group's products, the Group has a nationwide network of
   over 2,500 representatives.

    

   Global Finance named Tinkoff Bank the world's Best Consumer Digital Bank
   in 2020 and 2018, and the Best Consumer Digital Bank in Russia in 2020,
   2019, 2018, 2016 and 2015. Tinkoff was also named the Best European Retail
   Bank of the Year by Retail Banker International in 2020. In 2021, the
   Banker recognised Tinkoff Bank as Russia's Best-Performing Bank. The
   bank's mobile app has been consistently praised by local and global
   independent experts as the best of its kind (in 2013, 2014, 2015, 2016 by
   Deloitte and in 2018 by Global Finance).

    

   ══════════════════════════════════════════════════════════════════════════

   ISIN:          US87238U2033
   Category Code: MSCH
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  96292
   EQS News ID:   1178509


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:pr@tinkoff.ru
   2. mailto:ir@tcsbank.ru


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