TBC Bank Group PLC TBC Bank announces management change (9925S)
14 Luglio 2020 - 4:44PM
UK Regulatory
TIDMTBCG
RNS Number : 9925S
TBC Bank Group PLC
14 July 2020
TBC Bank announces management change
TBC Bank Group PLC ("TBC PLC") announces that Giorgi Shagidze,
its Deputy CEO and Chief Financial Officer today notified the board
that he intends to leave the Group at the end of 2020. After
leaving the Group, Giorgi intends to explore other opportunities in
a different field and/or geography.
TBC PLC will commence a search to identify Giorgi's replacement.
Giorgi will continue as CFO, and as an executive director, until
the year end in order to ensure an orderly transition to his
successor. It is expected that further announcements will be made
as to the effective date of his resignation and with details of his
replacement later in 2020.
Vakhtang Butskhrikidze, Chief Executive Officer of TBC PLC,
commented: "Giorgi Shagidze has been with TBC since 2010 and has
been a key member of our management team. His commitment has been
crucial in helping to drive the continued success of the Group
throughout these years. We wish to thank him for his many
contributions in helping to support the success of the Group. We
are very confident that the transition will go very smoothly and
wish him well for the future."
For further enquiries, please contact:
Director of International Media and Investor Relations
Zoltan Szalai
Or
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About TBC Bank Group PLC ("TBC PLC")
TBC Bank Group PLC ("TBC PLC") is a public limited company
registered in England and Wales. TBC PLC is the parent company of
JSC TBC Bank ("TBC Bank") and a group of companies that principally
operate in Georgia in the financial sector and other closely
related fields. TBC PLC also recently expanded its operations in
Uzbekistan. TBC PLC is listed on the London Stock Exchange under
the symbol TBCG and is a constituent of the FTSE 250 Index. It is
also a member of FTSE4good Index Series.
TBC Bank, together with its subsidiaries, is a leading universal
banking group in Georgia, with a total market share of 39.4% of
loans and 39.8% of non-banking deposits as of 31 March 2020,
according to data published by the National Bank of Georgia.
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END
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