The Board of Bank of Georgia Group PLC announced the appointment of Archil Gachechiladze as Chief Executive of the Group and of JSC Bank of Georgia. He will join the Group with effect from 28 January 2019 and will become a member of the Board of Directors of the Group on that day. The appointment of Archil as a CEO of the Bank is subject to approval and consent from the Bank's regulator - The National Bank of Georgia.

On the same date, Kaha Kiknavelidze will step down from the Board and the CEO role. Archil Gachechiladze joins Bank of Georgia from his current role as Chief Executive of Georgia Global Utilities. Prior to that role, Archil worked in a number of senior management positions in Bank of Georgia, including as Deputy CEO in charge of Corporate Banking, and as Chief Financial Officer.