Nova Ljubljanska Banka
d.d.
February 20, 2025
NLB's Supervisory Board Appoints New Management Board
Member
Pursuant to the Rules of the Ljubljana Stock Exchange and
Article158 of the Market in Financial Instruments Act, relating to
the Article 17 of the Regulation (EU) No 596/2014, NLB d.d., Trg
republike 2, 1000 Ljubljana announces:
In a
year that kicked off the implementation of its new business
strategy, NLB further strengthens its leadership team. Upon the
recommendation of the Management Board, the Supervisory Board has
appointed Reinhard Höll as the seventh member of the Management
Board. Following the necessary approvals, he will assume the role
of Chief Transformation Officer (CTO), overseeing the acceleration
of the mobile/digital first business model transition of NLB d.d.
and its Group members.
In 2024, NLB defined and presented
its new Group
business strategy, which
outlines an ambitious and transformational set of targets. With an
in-depth understanding of the business environment and careful
consideration of risks, the new business strategy draws a path that
will ensure the long-term development of NLB Group and, indirectly,
the wider economic environment in Group's home region, Southeastern
Europe. The strategy foresees doubling NLB Group's balance sheet,
revenues, and profits by 2030, to reach more than EUR 50 billion in
total assets, recurring revenues of more than EUR 2 billion, and a
targeted profit of more than EUR 1 billion, combining organic
growth with selected M&As in SEE.
Given the challenges the Group will
face during its Strategy implementation period lasting until 2030,
requiring rapid positive impact in transforming NLB's processes,
and pursuing the defined impact milestones, the need for a CTO
became clearly outlined. Pending approvals, the new CTO will focus
on driving the project management processes, as well as (at the end
of the transition period) the IT governance to help the Group
achieve ambitious IT strategy targets. Those targets include
providing the foundation for a truly cross-functional agile
operating model, building Group-wide capabilities for a
mobile/digital first bank around architectural enablers, upgrading
the infrastructure to a highly resilient hybrid-cloud model,
establishing a foundation for data-driven decision-making and
(Gen)AI, and becoming the powerhouse of the region for digital
talent, originating at least 90% of new regular transactions in an
E2E digitized way.
"In line with NLB Group's ambitious
transformation goals, the Supervisory Board agrees with Management
Board's proposed expansion of its leadership team, resulting in the
appointment of a Chief Transformation Officer. This key addition
will drive impactful change, strengthen processes, and help NLB
Group achieve its strategic goals, building a future-ready, agile
organisation, and elevate the Group among the best-of-peers within
the industry," commented President of the NLB Supervisory Board,
Primož Karpe.
Reinhard Höll (1983) is an
experienced professional with 20 years of background in
international banking groups, and as well a consultancy firm with
expertise in retail and corporate banking, growth transformation,
technology modernisation, organisational design, operating models,
and risk management. He began his career at Commerzbank (2004),
where he focused mainly on corporate banking, before transferring
to Lehman Brothers (2007) and later to Standard Bank (2008), where
he began working in his role as a Credit Portfolio Manager in its
Treasury and Capital Management team in London and Johannesburg. He
joined the management consulting firm McKinsey & Company in
2012, where he currently holds the position of a Partner, serving
banking, payment players, fintechs, and technology players, as well
as investors across Europe. Furthermore, he also leads McKinsey's
Financial Services Private Capital work in Europe.
NLB is currently led by a six-member
Management Board, consisting of Blaž Brodnjak, CEO; Archibald Kremser, CFO; Andreas Burkhardt, CRO; Hedvika Usenik, CMO Retail;
Andrej Lasič, CIB; and
Antonio Argir,
CGPO.
This announcement will be available
on the NLB d.d.'s website (https://www.nlbgroup.com)
as of 20 February 2025.
Investor relations
NLB d.d., Ljubljana
