The Supervisory Board of HypoVereinsbank announced a number of changes following the Board’s meeting this week.
The Supervisory Board has appointed Christine Licci and Johann Berger to serve as Management Board Members. Christine Licci will assume responsibility for the Private Customers Business Unit within the Germany Business Segment effective January 17, 2005. Johann Berger will be in charge of the Corporate Customers and Real Estate Business Units effective April 1, 2005. Licci and Berger will jointly head the Germany Business Segment in its existing structure.”
“We are pleased to have won Christine Licci and Johann Berger – two bankers who have made their mark and enjoy an excellent reputation in the financial industry,” comments Board Spokesman Dieter Rampl on the appointments.
Gerhard Randa declares: “The implementation of the group’s efficiency-boosting initiative announced on November 4, 2004 with its long-term horizon requires a commitment that goes far beyond the duration of my contract.” Against this background, the Supervisory Board and Gerhard Randa have agreed to release him from his duties as Chief Operating Officer (COO) and Management Board Member with responsibility for the Austria & CEE Business Segment effective May 12, 2005, when the annual shareholders meeting of HypoVereinsbank takes place. Randa will be proposed for election to the Supervisory Board at HypoVereinsbank’s Annual General Meeting scheduled for May 12, 2005.
Effective May 12, 2005, the Austria & CEE Business Segment will be taken over by Michael Mendel, who already served as Chief Risk Officer on the Management Board of Bank Austria Creditanstalt from 2001 to 2003. During this period, Mendel was in charge of risk management and helped shape the integration of Bank Austria Creditanstalt and HypoVereinsbank. In the Germany Business Segment, which Mendel has headed since then, he designed the structure bringing together the Private Customers, Corporate Customers and Real Estate Business Units. In addition, he recently launched the successful customer and sales initiative “MOVE”.