Karl Sevelda named new Chief Executive Officer of Raiffeisen Bank International


7.6.2013

Vienna

  • 15 years with the bank, since 2010 Deputy CEO
  • Expression of trust on behalf of the Supervisory Board and confirmation of business strategy
  • Johann Strobl is new Deputy CEO

The supervisory board of Raiffeisen Bank International AG (RBI) has accepted today Herbert Stepic's resignation as CEO with immediate effect. This decision came after Herbert Stepic offered to resign his position due to personal reasons on 24 May, 2013. At the same time, Karl Sevelda (63), who is the board member in charge of global Corporate Banking, was appointed as new CEO, and will commence his new duties with immediate effect. Sevelda's new contract expires in mid-2017. Johann Strobl has been appointed new Deputy CEO, and his contract, as well as the one of CFO Martin Grüll, was also extended to end in mid-2017.

""With Karl Sevelda, we have appointed a very good successor as RBI's CEO. He has been rooted within this bank for 15 years, Deputy CEO since 2010 and is excellently networked with both customers and within the Austrian Raiffeisen Banking Group. His appointment is an expression of the Supervisory Board's trust in the continuation of the current strategy. We consider continuity in both management and business alignment as one of the key success factors especially in challenging times,"" said Walter Rothensteiner, President of RBI's Supervisory Board. ""On behalf of the whole Supervisory Board, I thank Herbert Stepic for his more than 40 years of commitment and his great merits for the Raiffeisen Banking Group. His strategic vision and effective implementation skills played a vital role in building RBI into a leading banking group in Austria and Central and Eastern Europe.""

""I am pleased with the trust that has been placed in me and look forward to the new task. The past years have not been easy due to the economic environment, but the proactive adaptions of our strategy proved successful,"" said Karl Sevelda. ""I will therefore continue on the way that my colleagues on the board and I have pursued together with Herbert Stepic. My appointment as CEO is indirectly also a confirmation of the correctness of this course.""

Karl Sevelda brings with him over 35 years of banking industry experience, including more than 20 years with Creditanstalt. From 1998 to 2010, he was member of the Managing Board of Raiffeisen Zentralbank Österreich AG and has served as deputy Chairman of RBI's Managing Board since 2010. Alongside his new role as CEO, Sevelda will retain responsibility for Corporate Banking until a new division of functional responsibilities is determined by the supervisory board.

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Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets.

RBI is the only Austrian bank with a presence in both the world's financial centres and in Asia, the group's further geographical area of focus.

In total, more than 59,000 employees serve some 14.2 million customers through more than 3,000 business outlets, the great majority of which are located in CEE.

RBI is a fully consolidated subsidiary of Raiffeisen Zentralbank Österreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI's shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group, and serves as the head office of the entire RZB Group, including RBI.

For further information please contact Ingrid Krenn-Ditz (+43-1-71 707-6055, [email protected]) or Michael Palzer (+43-1-71 707-2828, [email protected]).
http://www.rbinternational.com, http://www.rzb.at