London, 15 March
2024
Bank of Georgia Group PLC
announces Board changes
Bank of Georgia Group PLC (the
"Company" or the
"Group") announces that
Andrew McIntyre has been appointed to the Board of Directors as an
independent Non-Executive Director with effect from 15 March
2024.
Mr McIntyre is a Chartered
Accountant with broad experience of financial services businesses
operating around the world and his full biography is presented
below. The appointment follows a comprehensive, independent
recruitment process led by the Nomination Committee and supported
by an executive search firm.
Mr McIntyre has also been appointed
as a member of the Audit Committee and as a member of the
Nomination Committee and, subject to
regulatory approval, will join the Supervisory Board of JSC Bank
of Georgia.
In accordance with our succession
planning procedures as disclosed in our 2022 Annual Report and in
accordance with the National Bank of Georgia's Code of Corporate
Governance for Commercial Banks, Al Breach, an independent
non-executive director and a member of the Remuneration Committee,
Risk Committee, and Nomination Committee, has stepped down from the
Board of Directors and the Supervisory Board and their Committees
with effect from the same date.
Mel Carvill,
Bank of Georgia Group PLC's Chair, commented: "We are pleased to
welcome Andrew to the Board and believe his extensive experience,
including in financial services, will benefit the Group as a whole.
We look forward to working with Andrew to support the continued
growth of the Group.
On behalf of the Board, I would like
to thank Al for his significant contributions to the Company over
the years."
Biography
Mr McIntyre is a Chartered
Accountant with broad experience of financial services businesses
operating around the world. He holds an MA from
Cambridge University. Since retiring from EY in 2016, he has
followed a portfolio career predominantly in the financial services
industry.
Mr McIntyre was a partner at EY from
1988 to 2016, specialising in clients in international financial
services. During that time, he worked mostly from the
firm's London office, apart from a period from 2004 to 2010 in the
Zurich office. He acted for some of the firm's largest
financial services clients and held various management positions,
including as a member of the UK firm's board. Mr McIntyre is the
Senior Independent Director of C. Hoare & Co. and is a
non-executive director of Lloyds Bank Corporate Markets
plc. He has previously been a board member of National
Bank of Greece S.A., Ecclesiastical Insurance Group plc and the
Centre for Economic Policy Research.
There are no other details that are
required to be disclosed under 9.6.13 of the Listing
Rules.
For further information, please contact:
Computershare Company Secretarial Services Limited, +44 (0) 781 250
9450
Name of authorised official of
issuer responsible for making notification: Computershare Company
Secretarial Services Limited, Company Secretary
About Bank of Georgia Group PLC
Bank of Georgia Group PLC (the
'Company' - LSE: BGEO LN) is a FTSE-250 company. Its core entity is
JSC Bank of Georgia ('Bank of Georgia', 'BOG', or the 'Bank'), a
digital banking leader in Georgia that provides a suite of banking
and financial services to retail clients and businesses. By
building on its competitive strengths, the Group is committed to
delivering strong profitability sustainably and maximising
shareholder value.
Legal Entity Identifier:
213800XKDG12NQG8VC53
For
further information, please visit www.bankofgeorgiagroup.com
or
contact:
Michael Oliver
|
Nini Arshakuni
|
Adviser to the CEO
|
Head of Investor
Relations
|
+44 203 178 4034
|
+995 322 444 444 (7515)
|
moliver@bgeo.com
|
ir@bog.ge
|
This report is presented for general informational purposes
only and should not be construed as an offer to sell or the
solicitation of an offer to buy any securities