January 10th 2018

The Supervisory Board of PrivatBank appointed Petr Krumphanzl as Chairperson of the Management Board

On January 10, 2018 the Supervisory Board of PrivatBank appointed Petr Krumphanzl as Chairperson of the Management Board and applied to the National Bank of Ukraine for approval of his candidacy.

Petr Krumphanzl was born in 1966 and graduated from Charles University in Prague with a Doctors degree in mathematics in 1990. As a senior manager in leading banks of the European Union, he proved himself to be a demanding and pragmatic leader focused on improving processes and organizing a reliable system of internal control. He also proved his effectiveness on the Ukrainian banking market during the crisis of 2008. As the Head of Operations at Raiffeisen Bank Aval, Petr Krumphanzl achieved significant reduction in expenses as a result of restructuring the branch network with the introduction of new business model and adaptation of the bank to unfavorable market conditions. Also remarkable is his experience as the Chief Operating Officer at Heta Asset Resolution, created by the Austrian government, where his responsibilities included separation of non-performing loans into the so-called “bad bank”, corporate strategy definition, infrastructure set up and legal support. His latest experience was in dynamic market of China where Petr as the COO of Home Credit managed all operations of the bank with more than 85000 employees.

One of Mr. Krumphanzl’s strong sides is his clear management style, aimed at building a consensus on the way to achieve corporate tasks and objectives. Moreover, he has a reputation of a fully trustworthy and reliable person, open and straightforward in communication, who is able to act rationally in any critical situation.

“While evaluating the candidates for the Management Board of PrivatBank, we were primarily guided by such criteria as high professionalism, work experience in leading EU banks, result orientation, strong operations management and control track record," says Engin Akcakoca, the Chairperson of the Supervisory Board. "Petr meets all these basic requirements, and he has already proved in practice his ability to effectively reorganize the weak sides of banks. Very good focus at transformations in order to improve operational efficiency is his undeniable advantage. On me personally, he left an impression of enthusiastic and motivated person. In addition, he will focus more on operational management of the bank than on self-promotion. And Petr’s fluency in both English and Russian languages will significantly facilitate his interaction with the rest of the reinforced PrivatBank team".

In July 2017 it was announced that the Supervisory Board of PrivatBank selected Amrop Executive Search Ukraine, a reputable international recruiting company, to search for candidates for the positions of CEO and CFO of PrivatBank. 

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