This is to inform that Chairman of the Board of Rietumu Bank Rolf Fuls starting 2 August steps down from his position in the bank to be concentrating on the projects outside the bank.
“I have decided to retire from my position in Rietumu. Many years of my professional life have been connected with the bank since I started working here in 1997 as CFO and have been in the bank management team excluding several years I prioritized to my own business. It is time for me to get focused on my personal plans and projects again. I wish to all my colleagues and Rietumu Bank further success and prosperity!” commented his decision Rolf Fuls.
The shareholders of Rietumu Bank expressed to Rolf Fuls gratitude for his longstanding excellent work and contribution to the development of the bank, and wished him every success and new achievements.
Starting 2 August Deputy Chairman of the Board Ruslan Stecyuk will temporarily appoint duties of the Chairman of the Board.
According to applicable procedures, a proposition for Chairman of the Board nominee from the current Board members have been sent to the Regulator – The Financial and Capital Market Commission (FCMC). The new nominee for the Chairman of the Board will be announced after obtaining information of FCMC decision.
A transaction has been prepared and concluded by Rietumu Bank on the financing of the business of international group of companies European Lingerie Group (ELG). The total amount of financing is EUR 27 million.
