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“Erste Bank Oesterreich CEO Peter Bosek announced today that after 24 years with the Erste Group, including more than 13 years in various management positions, he will step down as CEO of the bank effective December 31, 2020. Bosek will take over as CEO of Luminor Bank in the Baltic States. Until then, he will remain in his current role and will work with the board and board teams of Erste Bank and Erste Group to ensure a smooth transition. successor will be announced in due course, “he said in a broadcast.
Luminor Bank is the third largest bank in the Baltic States and had around 3,000 employees as of 2018. In 2019, it cut 800 jobs. The institute, founded in 2017, was owned by Nordea and DNB, then the Blackstone Group took over most of the bank.
The Chairman of the Supervisory Board, Friedrich Rödler, said: “Together with his management team, Peter established Erste Bank as the leading bank in Austria. As a member of the Erste Group executive board, he was also instrumental in consolidating our presence in Central and Eastern Europe and in establishing Erste as a pioneer in digital banking across the region, largely thanks to George’s success.“.
Bernd Spalt, CEO of Erste Group: “Working with Peter on various constellations over the past two decades has been a great pleasure and honor. He will always be part of the Erste family and we all wish him good luck in the future and in his new challenge.“.
“Erste was my home for almost a quarter of a century and I am very proud to have contributed to making it the leading banking group in our region. There were moments of strong growth, but also of great challenges, through which I managed Erste Bank. I leave the bank knowing that it is in a unique position and will continue to offer people the best banking services “, explains Peter Bosek.
“Life is often about balancing personal growth and a sense of belonging. The time has come to take on a new challenge outside of Austria and the Erste markets. As the banking sector is undergoing a major transformation, I look forward to applying my experience to a different business model. I take this step in friendly agreement with my colleagues from Erste and I wish them all the best to bring this bank into the third century of its existence ”, so Bosek in conclusion.
