BANCA COMERCIALA ROMANA S.A.

  |  01.10.2013

BCR Supervisory Board reshuffles Management Board

The Supervisory Board of Banca Comerciala Romana (BCR) took several decisions regarding the structure and composition of BCR’s Management Board (Executive Committee) in order to align responsibilities with the readjusted organizational structures of the Bank

Jonathan Locke was appointed to the position of Chief Risk Officer, pending approval of National Bank of Romania. Mr. Locke has more than 20 years of experience in advising and working for financial institutions in the UK, Central and South Eastern Europe and Russia. For the last 10 years he has managed risk and governance functions within the international network of Intesa SanPaolo, in Slovakia, Croatia and Hungary.

 

Michael Beitz is deployed solely to management of the Remedial, Restructuring and Recovery business line. BCR shall further build upon Mr. Beitz’s track record and skills to achieve significant asset quality improvement, a key driver of returning BCR Group to profitability and sustainable growth.

 

Corporate and Markets activities will be consolidated under Sergiu Manea, currently Vice-President for Treasury, Capital Markets & Group Large Corporate, within the context of a new corporate business model. Mr. Manea shall assume responsibility for all units under the Corporate business line and BCR’s corporate franchise in Romania.

 

Mr. Wolfgang Schoiswohl, currently Vice-President for Corporate Banking, shall assume new role within Erste Group Holding.

 

The changes in a nutshell:

 

BCR’s management board

current

new

CEO

Tomáš Spurný

Tomáš Spurný

CFO

Bernd Mittermair

Bernd Mittermair

CRO

Michael Beitz

Jonathan Locke

Corporate banking

(consolidated to Corporate and Markets)

Wolfgang Schoiswohl

-

Remedial, Restructuring and Recovery

(newly created)

-

Michael Beitz

Corporate and Markets

(formerly: Treasury, Capital Markets & Group Large Corporate)

Sergiu Manea

Sergiu Manea

Retail

Martin Škopek

Martin Škopek

COO

Paul Ursaciuc

Paul Ursaciuc

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