Fibank The appointment of three new executive directors of First Investment Bank was published in the Commercial Register on 30 December 2011: Messrs. Vassil Christov, Dimitar Kostov and Svetoslav Moldovansky who were elected members of Fibank’s Managing Board in 2010 and were appointed deputy executive directors at the beginning of 2011.
This step precedes the last stage of the changes in management of First Investment Bank which started a year ago in the process of aligning the Bank’s management system with the latest principles of good corporate governance, including strengthening the role of the Supervisory Board in the effective oversight of the Managing Board with a view to achieving the Bank’s strategic goals.
In accordance with a resolution of the extraordinary General Meeting of shareholders of First Investment Bank held on 24 October 2011, as of 24 January 2012 current Executive Directors and members of the Managing Board Mrs. Maya Georgieva, Mr. Jordan Skortchev and Mr. Evgeni Lukanov will replace in the Supervisory Board of Fibank Messrs. Todor Breshkov, Nedelcho Nedelchev and Kaloyan Ninov.