The Bank of Georgia group has announced changes in its management, with the departure of Levan Kulijanishvili, the current Chief Operating Officer (COO) who will be leaving his post on May 12. The news was released via an announcement on the London Stock Exchange.
Kulijanashvili played a pivotal role in the bank's operations, and his departure has prompted the CEO, Archil Gachechiladze, to temporarily take on his duties until a replacement COO is identified from either internal or external human resources.
"We thank Levan for his contributions to the bank's success and wish him well in his future endeavors," said Gachechiladze. "In the meantime, I will oversee the functions of the COO until a successor is hired. Moving forward, we will focus on updating the operations of the bank's back office and increasing digitization to align with our strategic priorities."
The Bank of Georgia is the country's largest bank, with a wide range of financial services and a significant presence in the region. With the departure of Kulijanashvili, the bank will be looking to identify a new COO who can continue to drive the bank's success and support its growth.