Bank of Georgia Group PLC Announces Changes in Executive Management Team

Bank of Georgia Group PLC (the “Company”) announces that Mr Levan Kulijanishvili, currently serving as Deputy CEO – Chief Operating Officer (COO) of JSC Bank of Georgia (the “Bank”) will step down from his role with effect from 12 May 2023. His primary duties will be temporarily handled by the Bank’s CEO until a replacement COO is identified either internally or externally.

“I’d like to thank Levan for his many years of dedication to the Bank,” the Group’s CEO, Archil Gachechiladze, commented. “Levan had a significant role in the Bank’s operations, and, on behalf of the management team and the Board, I wish him success in his future endeavors. I will temporarily oversee the functions under the COO until we hire a successor. Going forward we will focus on refreshing and further digitising the Bank’s back office operations in line with our strategic priorities.”