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Erste Group Bank AG (0MJK.IL)

IOB - IOB Delayed price. Currency in EUR
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25.23-0.91 (-3.48%)
At close: 06:01PM BST
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  • Reuters

    Erste CEO will not renew contract due to conflict on strategy

    Austria's largest bank Erste Group said on Friday that CEO Bernd Spalt would not renew his contract, which runs until June 30, 2023, due to "differing opinions on the future, long-term strategic orientation of the group". Erste did not specify what the differences in opinions were. The bank said its supervisory board would start the replacement process for its CEO after the lender's annual general meeting on May 18, 2022, and Spalt would continue to manage Erste until further notice.

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