Board of Directors continued Hanna Loikkanen Senior Independent Non-Executive Director Hanna Loikkanen was appointed as the Senior Independent Non-Executive Director of Bank of Georgia Group PLC on 24 February 2018. Ms Loikkanen also serves as a member of the Audit Committee and Nomination Committee. Ms Loikkanen was appointed to the Bank’s Supervisory Board in August 2015. Ms Loikkanen previously served as an Independent Non-Executive Director of BGEO Group PLC from 2011 until 2013 and from 2015 until 2018, which included positions on BGEO Group PLC’s Audit, Nomination and Risk Committees. Skills and experience: for the restructuring of SEB’s debt capital market Ms Loikkanen has over 20 years of experience working with operations in Russia; and for MeritaNordbanken in financial institutions in Russia and Eastern Europe. She St Petersburg where she focused on trade finance and currently serves as an advisor to East Capital Private Equity correspondent banking. In addition to her directorships AB. Prior to this, she served from 2010 to 2012 as the Chief at Bank of Georgia Group PLC, Ms Loikkanen serves as Representative and Head of the Private Equity team at East a Non-Executive Director, Chair of the Compensation Capital, a Swedish asset management company in Moscow, and Remuneration Committee and member of the Audit with a special focus on financial institutions. Prior to this, Committee of PJSC Rosbank, a universal bank listed on Ms Loikkanen held the position of Country Manager and the Moscow Stock Exchange (Société Générale Group Chief Executive Officer at FIM Group in Russia, a Finnish in Russia). Since 2014, she has acted as Non-Executive investment bank, where she was responsible for setting up Chairman of the Board of T&B Capital, an independent and running FIM Group’s brokerage and corporate finance regulated wealth management company based in Helsinki. operations in Russia. During her tenure at FIM Group, the company advised several large foreign companies in their Education: M&A activities in Russia. Earlier in her career, Ms Loikkanen Ms Loikkanen holds a Master’s degree in Economics worked for Nordea Finance in various management and Business Administration from the Helsinki School positions in Poland, the Baltic States and Scandinavia with of Economics, and was a Helsinki School of Economics a focus on business development, strategy and business scholar at the University of New South Wales. integration; for SEB in Moscow where she was responsible Tamaz Georgadze Independent Non-Executive Director Tamaz Georgadze was appointed as an Independent Non-Executive Director of Bank of Georgia Group PLC on 24 February 2018. Mr Georgadze serves as Chairman of Bank of Georgia Group PLC’s Risk Committee, as well as being a member of the Remuneration Committee and the Nomination Committee. Mr Georgadze was also appointed to the Bank’s Supervisory Board in December 2013. Mr Georgadze previously served as an Independent Non-Executive Director of BGEO Group PLC, which included positions on BGEO Group PLC’s Audit, Nomination and Risk Committees. Skills and experience: Prior to joining McKinsey & Company, Mr Georgadze In 2013, Mr Georgadze founded Raisin GmbH (formerly worked as an aide to the President of Georgia in the SavingGlobal GmbH) a company which launched the first Foreign Relations Department from 1994 to 1995. Save for global deposit intermediation in Europe and he continues his role at Raisin GmbH, Mr Georgadze does not hold any to serve as its CEO/Chairman. Prior to founding this other directorships. company, Mr Georgadze had a ten-year career at McKinsey & Company in Berlin, where he served as a Education: Partner from 2009 to 2013. At McKinsey & Company, Mr Georgadze holds two PhDs, one in Economics from he conducted engagements with banks in Germany, Tbilisi State University and the other in Agricultural Switzerland, Russia, Georgia and Vietnam, focusing Economics from Justus-Liebig University Gießen, on strategy, risk identification and management, deposit Germany. Mr Georgadze also studied Law at Justus-Liebig and investment products, operations and sales. Universität Gießen and graduated with honours. 112 Annual Report 2018Bank of Georgia Group PLC