The Government appointed three members of the Supervisory Board of JSC CB "PrivatBank" from the applicants, determined by the results of the competitive selection, under the Procedure approved by the Cabinet of Ministers on March 27, 2019 No. 267.

According to the governmental decision, the independent members of the Supervisory Board of PrivatBank are Sebastian Prinz von Schoenaich-Carolath, Olga Tomash and Roman Sulzhik, who will assume their duties starting from July 30, 2019.

Sebastian Prinz von Schoenaich-Carolath has more than 30 years of experience in commercial banks including about 20 years on senior positions in Germany, Austria, and Poland. Sebastian obtained his expertise at Deutsche Bank, headed regional co-operative banks in Germany and Poland. He has successful experience in transforming business models of banks.

Olga Tomash has extensive experience in Ukrainian and international banks, as well as in international financial organizations. She has a deep understanding of the Ukrainian market, as well as knowledge of the best international practices with an emphasis on auditing, operational efficiency, risk management and IT.

Roman Sulzhik has significant experience in the financial sector in Ukraine, the CIS and the USA, as well as a deep understanding of IT technologies. Roman's experience includes expertise in finance and information technology: he is a co-founder of a start-up focused on implementing Blockchain advanced technologies in the real sector.

The appointment will contribute to the formation of the Supervisory Board of PrivatBank in its full composition – nine members, of which six members are independent, and three members are representatives of the state in accordance with Art. 7 of the Law of Ukraine “On Banks and Banking”.

For reference

On June 13, 2019, Engin Akchakoca, Andrea Moneta and Steven Seelig, whom the Government, pursuant to its order dated May 22, 2019, No. 331-р, appointed as members of the Supervisory Board of PrivatBank, following the results of the open competition, announced refusal to hold office at their own discretion in connection with inadmissibility of the requirements of the anti-corruption legislation of Ukraine on declaration.