State-owned Ukreximbank has announced a competition for the position of Chairman of the Board, which has been held by Serhiy Yermakov since October 2021, according to a statement on the financial institution’s website on Monday.
“According to the decision of the Supervisory Board, a competitive selection for the position of Chairman of the Board of JSC State Export-Import Bank of Ukraine is announced,” the information says.
According to it, the submission of documents for the vacant position will begin on Monday and will last until April 1, and from April 2 to April 22, the recruitment company Telent Advisors LLC (Odgers Berndtson) will analyze the candidates and select the five most suitable ones who will be admitted to the next stage of the competitive selection.
From April 23 to 29, the Nomination and Remuneration Committee of the Supervisory Board of the state-owned bank, together with Telent Advisors, will interview them and select three to five people for the final interviews with Ukrexim’s Supervisory Board, scheduled for April 30 to May 6.
“The discredited Sergiy Yermakov continues to work until the new CEO takes office, the Supervisory Board is fully satisfied with the cooperation with Sergiy, but there are life circumstances that do not depend on the will of people…”, commented Victoria Strakhova, a member of the Supervisory Board of the financial institution, on Facebook.
As reported, on October 6, 2021, the Supervisory Board of Ukreximbank suspended the Chairman of the Board Yevhen Metzger for the period of investigation of the attack on journalists of the Schemes program, and on October 11 dismissed the Chairman at his own request. Board member Serhiy Yermakov was appointed acting chairman of the bank.
Then Ukreximbank signed an agreement with the recruiting company Korn Ferry (USA) and in mid-December 2021 announced a competition for the chairman of the board, but after the outbreak of war it refused to hold it, and in the spring of 2022, after approval by the NBU, Yermakov became chairman of the board.
According to the National Bank of Ukraine, as of February 1, 2024, Ukreximbank ranked 3rd (UAH 274.65 billion) among 63 banks operating in the country in terms of total assets.
