Ivan Svítek confirmed as the boss of Russian Home Credit for three more years
25. listopadu 2012, 15:04
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.
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Translated by Lingvus