Heinz Huber is resigning as Chairman of the Executive Board of Raiffeisen Switzerland effective December 31, 2024, to take over as Chairman of Graubündner Kantonalbank in mid-2025. His tenure has been marred by failed technology projects, including a shelved super app that incurred significant costs, leading to widespread dissatisfaction among regional banks. Huber's departure follows a series of missteps that have left a substantial void at Raiffeisen's headquarters.
Heinz Huber is stepping down as Chairman of the Executive Board of Raiffeisen Switzerland by the end of 2024, transitioning to Chairman of Graubündner Kantonalbank in mid-2025. His departure follows a series of failed technology projects, including a costly super app initiative, which has left the bank in turmoil and its regional branches demanding accountability. Huber's leadership, marked by significant financial missteps, has drawn criticism as he exits to the Grisons mountains.
Dr. Mario Crameri's consulting firm, nxt digital AG, has been tasked by Raiffeisen Switzerland's Board of Directors to investigate the significant IT issues surrounding its e-banking app, which has incurred costs in the "hundreds of millions" of francs. The probe will examine the roles of dismissed operations head Uwe Krakau and CEO Heinz Huber, amid allegations of falsified test results and numerous irregularities. As the situation unfolds, it appears that more senior executives may face consequences.
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