On January 23rd, the contract with the Chairman of the Management Board of PrivatBank Petr Krumphanzl, who led the bank during the last three years, expires.

According to the Ukrainian legislation, the expiration of the term of the contract requires the beginning of the procedure of a competitive selection for the position of a new Chairman. This mechanism ensures the independence and professionalism of an elected leader.

Until the appointment of a new Chairman of the Management Board, Anna Samarina, the Deputy Chairperson and Chief Financial Officer of PrivatBank will become the acting CEO.

Sharon Easky, Chairperson of PrivatBank Supervisory Board expressed gratitude to Petr Krumphanzl for his professionalism, persistence and courage in defending the interests of the bank and its millions of depositors.

“On behalf of the Supervisory Board and on my own behalf, I would like to thank Petr for leading PrivatBank through three years of extraordinary challenges and his many contributions that led to the Bank’s significant achievements.”