The Government appointed three new members of the Supervisory Board of Privatbank

7/17/19

The Government appointed three members of the Supervisory Board of PrivatBank Commercial Bank JSC from among the candidates determined based on the results of competitive selection according to the Procedure approved by the Cabinet of Ministers of Ukraine No. 267 of 27.03.2019.

Pursuant to decision of the Government, the independent members of the Supervisory Board of Privatbank became: Sebastian Schoenaich-Carolath, Olga Tomash and Roman Sulzhyk, who will take up their actual duties as from 30 July 2019.

Sebastian Schoenaich-Carolath has over 30 years of experience in commercial banks, of which he held senior management positions in Germany, Austria and Poland for about 20 years. Sebastian gained his expertise in Deutsche Bank, headed regional cooperative banks in Germany and Poland. He has the successful experience in banking business model transformation.

Olga Tomash has a wide experience of work in Ukrainian and international banks, as well as in international financial organizations. She has a deep insight of Ukrainian market and knowledge of the global best practices with a focus on auditing, operating efficiency, risk management and IT.

Roman Sulzhyk has a significant experience of work in financial sector of Ukraine, CIS and USA, as well as a good understanding of IT technologies. Roman’s experience includes the expertise in finance and information technologies: he is a co-founder of a startup focused on implementation of Blockchain advanced technologies in a real sector of economy.

Such appointments will facilitate formation of the Supervisory Board of Privatbank as a whole: nine members, six of which are independent ones, and three members are representatives of the state according to Art. 7 of the Law of Ukraine On Banks and Banking.

For reference13.06.2019

Engin Akchakoca, Andrea Moneta and Steven Seelig appointed by decision of the Government No. 331-р of 22.05.2019 as the members of the Supervisory Board of Privatbank based on the results of the open competition have filed the applications for refusal of assumption of an office on their own volition due to unacceptability of disclosure requirements of Ukrainian anticorruption laws.

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