– UK, London – TBC Bank Group PLC (LON: TBCG) today announced that current Senior Independent Director Arne Berggren has been appointed as the Chairman of the Board of TBC PLC and Chairman of the Supervisory Board of the Bank with immediate effect, succeeding Nikoloz Enukidze who has stepped down from his roles as Chairman of the Board of TBC PLC and Chairman of the Supervisory Board of TBC Bank JSC with immediate effect.
Tsira Kemularia has been elected as an interim Senior Independent Director for both the TBC PLC Board and the Supervisory Board of the Bank.
Mr. Enukidze continues as a non-executive director of the Board of TBC PLC and a member of the Supervisory Board of the Bank but has confirmed that he does not intend to seek re-election by the shareholders at the 2021 AGM.
Nicholas Dominic Haag and Eric Rajendra have confirmed that they do not intend to seek re-election by the shareholders at the 2021 AGM. Otherwise, all remaining directors (Arne Berggren, Maria Luisa Cicognani, Abhijit Akerkar, Tsira Kemularia, and Vakhtang Butskhrikidze) have confirmed their intention to stand for re-election at the upcoming AGM of the Company.
About TBC Bank Group PLC
TBC Bank Group PLC is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank and a group of companies that principally operate in Georgia in the financial sector and other closely related fields. TBC PLC also recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.
TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 39.0% of loans and 37.2% of non-banking deposits as of 31 December 2020, according to data published by the National Bank of Georgia.
For more information: https://www.tbcbankgroup.com/
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