Raiffeisen Bank Extends CEO's Mandate by Five Years

   By Mauro Orru

Raiffeisen Bank International AG is extending the mandate of Chief Executive Johann Strobl for five more years.

The Austrian banking group said Wednesday that its supervisory board passed a resolution unanimously to let Mr. Strobl stay at the helm until the end of February 2027.

Mr. Strobl has been CEO of the bank since March 2017.

"With the extension of Johann Strobl's mandate as CEO of RBI, we are sending a clear signal that we will continue the transformation process begun under his leadership. We are convinced that this will enable us to successfully meet future market challenges and best fulfill the expectations of our clients and investors", Supervisory Board Chairman Erwin Hameseder said.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

June 16, 2021 08:18 ET (12:18 GMT)

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