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PrivatBank elects Mikael Björknert Board Chair to replace Gerhard Boesch

On October 7, 2024, the Supervisory Board of PrivatBank announced the election of Mikael Björknert to the position of the Chairman of the Board of the bank.

This is stated in the bank's message, the Ukrainian News agency reports.

This decision ended the competitive selection at the international level, in which candidates from Ukraine and abroad took part.

Mikael Björknert's more than 25 years of experience in the financial sector and in leadership positions confirm his expertise in managing the largest state bank of Ukraine.

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Until now, he held the position of Head of Swedish Banking at Swedbank, where he was responsible for the entire range of banking services, from retail and corporate banking to operational issues and digital transformation.

At Swedbank, Björknert implemented strategic planning and digital banking initiatives.

He is also an internationally known expert in the banking sector, and is an adviser to the top management of various global banks on strategic issues.

Before joining Swedbank, he held the position of the Chairman of the Board of Directors at Bankgirot (Sweden), Head of Global Transaction Services at SEB Bank (Estonia), Member of the Board of Directors at Nasdaq (Sweden).

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At PrivatBank, Björknert will focus on developing a client-centric business model, accelerating digital initiatives and preparing the bank for future challenges.

The appointment is subject to regulatory approval by the NBU.

As the Ukrainian News agency earlier reported, media informed that Gerhard Boesch decided to resign early from the position of the Chairman of the Board of PrivatBank.

PrivatBank appointed Gerhard Boesch as the Chairman of the Board in May 2021, and in June the NBU approved his candidacy.

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He was appointed for 5 years.

The Chairman of the Board of the state bank is appointed by the bank's Supervisory Board based on the results of a competitive selection process.

The Chairman of the Board of the bank takes office after the approval of his candidacy by the National Bank.

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