Wolfgang Schoiswohl, interim president of Banca Tiriac

Wolfgang Schoiswohl will hold the position of chairman of the Board of Directors and president of Banca Ion Tiriac, until the merger with HVB Bank Romania is completed, after Selcuk Saldirak’s departure. Saldirak’s withdrawal became effective on May 1. The Board of Directors of the institution, resulted from the merger of Banca Ion Tiriac and HVB will be made up of 11 members, instead of 9, as had been previously announced, with the newly appointed directors being Friedrich Robert Racher and Anca Ion. Shareholders of the two institutions have approved the charter of HVB Tiriac bank. According to this document, the Board of Directors many not have any more than 12 members. Dan Pascariu, Andreas Gschwenter, Manuela Plapcianu, Florian Kubinschi, Wolfgang Schoiswohl have been nominated as members of the Board. Pascariu will be the chairman of both the Board of Directors and of the HVB-Tiriac bank, while the rest will be vice-chairmen. The shareholders have also approved Schoiswohl’s appointment as chairman of the Board of Directors and president of Tiriac bank until the merger with HVB is completed.