Ivan Svítek confirmed as the boss of Russian Home Credit for three more years

The Board of Directors of the Russian Home Credit and Finance Bank (HCFB), affiliate of Petr Kellner’s PPF, confirmed Ivan Svítek as its CEO for another 3-year period starting on 1st December, 2012. The man built like a basketball player is a jewel for the Group, so that any other decision would have been quite shocking.

Svítek was appointed to the rudder of the Home Credit’s Russian affiliate – the most important and most valued one – in 2008, when its profit had been on a dramatic downswing. He was able to put it on a solid footing in no time. Last year, HCFB’s turnover amounted to €1.037bn, for a €262m net profit. Over the first six months of this year, the figures are €813m and €161m respectively.

Svítek (45) has had a busy career. After his economics and politic science studies at California’s Claremont McKenna College, he was an advisor to the then Minister of Finance Václav Klaus in 1991/92. Subsequently, he held management positions in Citibank, Pepsi-Cola International, and, prior to his arrival to HCFB, he made his way up to CEO in the Brazilian GE Money Bank.

Translated by Lingvus

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