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Raiffeisen Picks Ex-CFO as New Chief to Solve Russia Dilemma

Bloomberg Markets
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Raiffeisen Picks Ex-CFO as New Chief to Solve Russia Dilemma

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Raiffeisen Bank International AG will appoint a former finance chief as its next chief executive officer after years of unsuccessful attempts to sell its Russian unit.Michael Hoellerer will replace Johann Strobl, who has led the bank through a tumultuous period of geopolitics. Hoellerer, who was previously chief financial officer at Raiffeisen until leaving to run a regional lender in Austria, will be appointed CEO from July, the bank said in a statementBloomberg Terminal Wednesday.

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Source: Bloomberg Markets