Cyprus Mail 10 October 2022 - by Staff Reporter
 |
| Hellenic Bank CEO Oliver Gatzke |
CEO of Hellenic Bank Oliver Gatzke has been placed on compulsory leave by the board of directors pending an investigation into allegations of statements and actions attributed to him.
In a brief statement informing the Cyprus Stock Exchange of its decision on Monday morning, the Hellenic Bank board said that following the allegations it had decided “in order to ensure the smooth conducting of the investigations, it was necessary for the CEO to abstain from his duties until the completion of the said investigations.”
During his absence, he will be replaced by Petros Arsalides, secretary of the board of directors/ general manager of the chairman’s office and of the secretariat of the board.
Cyprus News Agency reported that the investigations were triggered after allegations were made against Gatzke at the last AGM of the bank.
