Bank of Georgia announces executive team reshuffle

LONDON - Bank of Georgia Group PLC has revealed changes to the executive management team of its Georgian banking subsidiary, JSC Bank of Georgia. The adjustments include the appointment of Ana Kostava as Deputy CEO, pending regulatory approval. Kostava has been a part of the group since 2018 and has contributed to the company's legal and compliance infrastructure and strategic transactions, including the recent expansion into Armenia.

Levan Gomshiashvili is also set to become Deputy CEO, subject to the same regulatory approval. Since joining the bank in 2019, Gomshiashvili has been pivotal in enhancing the bank's market presence and digital capabilities, which led to the bank being named the World's Best Digital Bank by Global Finance in 2024.

Nutsiko Gogilashvili, previously Deputy CEO in charge of Mass Retail Banking, will be transitioning to a new role as Senior International Business Adviser in the company's London office. Giorgi Gureshidze will be filling in Gogilashvili's former position starting from March 1, 2025. Gureshidze joined the bank in September 2023 and has been recognized for his significant contributions to the bank's operations. Following the reshuffle, Zurab Alpaidze will be promoted to Head of Operations.

CEO Archil Gachechiladze expressed confidence in the leadership changes, acknowledging the team's performance and dedication. The company's announcement emphasized the ongoing commitment to growth, profitability, and community impact in the Georgian and Armenian markets.

These updates are based on a press release statement from Bank of Georgia Group PLC, a FTSE 250 holding company listed on the London Stock Exchange (LON:LSEG) as LSE: BGEO LN. The company's primary focus is on providing banking and financial services in the rapidly growing markets of Georgia and Armenia through its universal banks.

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