CEO of Hellenic Bank placed on leave

The Hellenic Bank's CEO, Oliver Gatzke, has been placed on mandatory leave with full pay after informing the bank of his decision to terminate his employment contract, effective from July 22, 2024, when the contract was due to expire.

"The parting with the CEO was amicable," Hellenic Bank stated in its announcement, following notification from Mr. Gatzke about his intention to end their collaboration.

"As per the provisions of Mr. Gatzke's employment contract, the company has decided to place him on leave with full pay, effective immediately, until further notice," stated Hellenic Bank.

The CFO, Antonis Rouvas, will temporarily assume the responsibilities of the CEO. "He is very familiar with the bank and the Cypriot banking system, with experience both at the international and Cypriot levels," added Hellenic Bank in its announcement.

Mr. Rouvas's main message is that "we remain focused on our goals and continue smoothly and without interruption, supporting our customers and the Cypriot economy. Our aim is to strengthen the bank's business model and successfully implement the transformation plan," according to the announcement.

Maria Kelesi, the company's Accounting Manager, will temporarily take on the role of Chief Financial Officer.

[This article was translated from its Greek original]