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Raiffeisen taps veteran Sevelda as new CEO
June 7, 2013 / 9:57 AM / 5 years ago

Raiffeisen taps veteran Sevelda as new CEO

VIENNA, June 7 (Reuters) - Austrian lender Raiffeisen Bank International named veteran banker Karl Sevelda on Friday to succeed Herbert Stepic as chief executive of central and eastern Europe’s second-biggest lender.

Sevelda, 63, has been deputy CEO since 2010 and head of corporate banking and will take on the top job with immediate effect, it said after a supervisory board meeting to fill the leadership vaccum caused by Stepic’s resignation last month.

“Karl Sevelda will retain responsibility for corporate banking until a new division of functional responsibilities is determined by the supervisory board,” it said. Chief Risk Officer Johann Strobl was appointed the new deputy CEO.

Reporting by Michael Shields; Editing by Georgina Prodhan

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