Strategic ReportStrategic ReportStrategic Report Financial Additional Overview Strategy Performance Governance Statements Information Nomination Committee Report Planning for our future in the best interests of our shareholders Neil Janin Chairman of the Nomination Committee Dear Shareholders, I am delighted to present the report of the Nomination Mr Wolf has also been appointed to the Audit and Committee. The report contains full details of the Nomination Committees, and Ms McCarroll to the Risk processes we adopted to appoint our new Chief Executive, and Nomination Committees. We believe that the skills, Archil Gachechiladze, and our two new Non-Executive experience, knowledge and attributes of the members Directors, Véronique McCarroll and Andreas Wolf. of our Board and Executive Management are the key drivers for successful delivery of the Group’s strategic In December 2018 it was announced that Kaha and financial objectives. These appointments help ensure Kiknavelidze would be stepping down from the Board that fresh perspective and challenge are brought to the and as CEO. The Committee acted quickly to recruit a decision-making process. new CEO who could take the Group forward into the next chapter of its story. After the Committee and In addition, following the Demerger of the Group, the candidates underwent the process described herein, Committee undertook a significant amount of work to Archil Gachechiladze was the unanimous recommendation separate some functions of the Investment Business of the Committee. Archil brings a strong strategic and Banking Business and to reposition the management perspective, with an excellent track record of delivering team. This gave us the opportunity to ensure that there growth in the Georgian banking environment. He is an is a pipeline of talent immediately below the Board as part extremely strong business leader with great drive and of our overall review of succession planning. We believe will bring these skills and experience to the organisation. that the right mixture of talent, experience and diversity The Board is looking forward to working with him. at senior management level is vital to the continued success of the Group and to our aim of attracting and We were delighted to appoint two new Directors to inspiring the best people possible. the Board, Andreas Wolf and Véronique McCarroll, from 1 October 2018. Having carefully reviewed the I invite you to read more about our work in the balance of skills and experience amongst the existing following report. Board members, we identified areas where we thought additional expertise may be required. With more than Neil Janin 12 years’ experience in the financial sector in Europe and Chairman of the Nomination Committee Asia, including Georgia, Andreas brings valuable expertise 27 March 2019 in the field of banking digitisation. Véronique is a highly accomplished professional with more than 30 years’ background in corporate and investment banking, risk management and credit within consulting and technology firms and also at one of the largest banks in the world. Annual Report 2018Bank of Georgia Group PLC 117