OTP Bank Plc. hereby informs actors of the capital market that the Board of Directors of its subsidiary in 100% OTP ownership, OTP Bank Romania S.A. (OBR), seated in Bucharest held its meeting on 19 April. The supreme body of the credit institution discussed several items on the agenda, including staff issues, said the bank in a statement.
Dr. Antal Pongrácz, Chairman of the Board of Directors of OBR and Deputy CEO of OTP Bank has announced that dr. Frigyes Hárshegyi, whose labour contract concluded for a defined term will expire in the near future, received another important assignment with the effect of 7 May.
Acting as the chief advisor to the CEO, the internationally recognized financial expert will play an active role in the designed transformation taking place at OTP Group holdings currently operating in eight countries and will also be responsible for relations with foreign governments.
Dr. Frigyes Hárshegyi held the position of CEO at OBR from spring 2005, and under his management of almost two years the company has undergone significant development both in terms of business management and operations, concurrently with considerably expanding its network and enhancing its products and services, thus achieving an extensive growth in the market.
As Chairman of the Board of Directors, Dr. Antal Pongrácz expressed his acknowledgement of and appreciation for the work of the bank expert, who holds a diploma in law and speaks English, German, Russian, French and Romanian, and who, between 1990–1996, held the position of Deputy President of the National Bank of Hungary. Dr. Pongrácz also conveyed his firm belief that in his new position, dr. Frigyes Hárshegyi will add significant additional values to the international operation of OTP Group.
The final resolution concerning the personnel change will be adopted at the extraordinary Shareholders’ Meeting of OBR to be convened in the third week of April. Based on the proposal submitted by the Board of Directors, the shareholders will also decide regarding the assignment of László Diósi, former Deputy CEO of the retail banking area, to the post of CEO of OBR.
Further, the extraordinary Shareholders’ Meeting will pass a resolution on the new form of governance, since changes in Romanian legislation have opened way to the adoption of the model already applied in Bulgaria, according to which the Supervisory Board acts as the supreme management body of the owners, while the Board of Directors includes the local members of the management.
