The supervisory board of Raiffeisen Bank International (RBI) has named Johann Strobl as the new CEO of Raiffeisen Zentralbank O?sterreich (RZB) and RBI, following the merger of the two.
The appointment will become effective once the merger of RZB and RBI has been entered in the commercial register.
Strobal, who previously served as deputy CEO, will replace Karl Sevelda, current CEO, who will step down once the merger takes effect.
The merger is set to be decided at an RBI extraordinary general meeting on 24 January 2017, which will require 75 percent majority of the share capital present.
The transaction will include the functions of RZB as the central institution of the Austrian Raiffeisen Banking Group, as well as its equity participations, excluding the planned partial sale of the Uniqu insurance shareholding.
Other appointments to follow after the merger include Klemens Breuer as deputy CEO and Martin Grüll as CFO. Andreas Gschwenter will take on the role of COO, Peter Lennkh will join the corporate banking team and finally, Hannes Mösenbacher will become chief risk officer.
Walter Rothensteiner, chairman of RBI's supervisory board and CEO of RZB, commented: "Johann Strobl enjoys an excellent reputation in Austria and internationally, knows and understands both Raiffeisen as well as our home market Austria and Central and Eastern Europe, and is experienced in communicating with the financial community and the supervisory authorities. I am glad that he accepts the challenge and I know that RBI is in good hands with him."
