After being with GE for more than 5 years current JSC “GE Money Bank” chairman Arkadiusz Wiktor Przybyl has accepted an opportunity externally and has decided to leave GE as from December 31, 2010.
Based on aforementioned the Bank’s Supervisory council has resolved:
- To release Arkadiusz Wiktor Przybyl from the position of the chairman of the board of the Bank from December 15, 2010
- To elect Alla K. Woodson as the Board member starting from December 15, 2010 with the rights to represent the Bank jointly with 1 (one) member of the board.
- To appoint Alla K. Woodsonas the chairperson of the board of the Bank.
The Bank’s management board will continue to operate in following composition: Chairperson – Alla K. Woodson, board members – Javier Francisco Lopez Segura, Franck Antoine Raymond Marzilli and Aleksandra Baranova.
Alla K. Woodson has 14 years of experience in banking, consulting and servicing industries and possesses a deep and wide expertise in the banking field. She has been GE Money Bank Latvia Supervisory council member since the beginning of 2009 and possesses a strong knowledge of the Latvian business and local economical situation.
Alla K. Woodson’s previous professional experience includes:
- July 2008 – December 2010 – Chief Operations Officer – GE Money Bank Russia
- January 2006 – June 2008 – Customer services leader & Collections leader - GE Money Bank Russia
- July 2002 – December 2005 - CRM Director & Managing Director - CRM Agency “City Direct Marketing” (part of “Bridge Holding”), Moscow, Russia
- 1996-2000 – various positions in Banking and Consulting fields in the USA
Alla got her Bachelor’s degree in Business Administration at Bethel College, McKenzie, TN, U.S.A. and received additional education through executive education courses in various schools, including Wharton Business School (University of Pennsylvania).
New board member doesn’t own the Bank’s shares.
Changes in the Bank’s management will not impact the Business’s strategy. The overall strategy for the Bank remains the same. We will continue to manage through the current economic cycle, ensuring the Bank retains a safe and stable position - including a high capital adequacy and liquidity position.
The Management and staff of the Bank have done a tremendous job in delivering goals we committed to our shareholders and customers. The Bank enjoys strong current ratios – on 30.09.2010 the Bank’s capital adequacy ratio was 15.99%, which is double the minimum requirement of the Financial and Capital Market Commission (FCMC) of 8%, while our liquidity ratio exceeded the FCMC’s requirements of 30% by approximately three times.
We would like to thank Arkadiusz Wiktor Przybyl for his input in managing Business through such challenging economical period, as well as we wish him and his family success in all further endeavours!
Tija Ezeriņa
Head of Communication division
GE Money Bank Latvia
Ph.: +371 67024704
Mob.: +371 27876080
E-mail: tija.ezerina@ge.com
Address: 13.janvara iela 3, Riga, LV-1050, Latvia