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“Velvet divorce” Gatzke – Greek: This is the temporary replacement

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The Company has decided to place Mr. Gatzke on leave with full pay, effective immediately, until further notice

«Βελοyδινο διαζyγι&omicron ;» Γκατζκε - Ελληνικorς: Αυτoς εναι &omicron ; προσωρινός αντικαταστΑτης

The Chief Executive Officer of the Hellenic Bank, Oliver Gatzke, is on compulsory paid leave, after he informed the Bank of his decision to terminate his Employment Contract, effective from July 22, 2024, when the contract was due to expire.

“The divorce with the CEO was amicable,” the Bank said in a statement after receiving notice from Mr Gatzke of his intention to end their partnership.

“According to the provisions of Mr. Gatzke's employment contract, the Company has decided to place Mr. Gatzke on leave with full pay, which is effective immediately, until further notice,” Greek reports.

CFO Antonis Rouvas, “who is very well-known in the Bank and the Cypriot banking system with experience both at the international and Cypriot levels”, is being added to Hellenic's announcement.< /p>

The main message of Mr. Rouvas is that “we remain focused on our goals and continue normally and without interruption, supporting our customers and the Cypriot economy. Our purpose is to strengthen the business model of the Bank and successful completion of the transformation plan”, states the announcement.

Maria Kelesi, Head of Accounting of the Company, assumes the temporary duties of Financial Director of the Company.

Source: www.kathimerini.com.cy

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