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Raiffeisen, Switzerland's second-largest banking group, is in search of a new CEO following Heinz Huber's unexpected resignation after nearly six years. The organization is leaning towards an internal candidate to lead the bank into a new era, seeking a strong leader to replace Huber.
The race to succeed Heinz Huber as CEO of Raiffeisen Switzerland is heating up, with Susanne Thellung from Schwyzer Kantonalbank and interim CEO Christian Poerschke as the main contenders. Thellung's application comes amid significant turmoil in her current bank's Operations and IT departments, raising questions about her suitability. Poerschke, who has been at the helm since Huber's departure, faces scrutiny over his past role in Controlling during a controversial period under former CEO Pierin Vincenz.
Rolf Olmesdahl, previously a key figure in Raiffeisen Switzerland's management, is being considered for the CEO position following the departure of Heinz Huber after an IT crisis. With a background in computer science and significant experience in banking, including a successful tenure at UBS, Olmesdahl has been instrumental in IT transformations and is currently overseeing the integration of Old CS Switzerland into New UBS.
Heinz Huber, CEO of Raiffeisen Switzerland, will resign unexpectedly on December 31, 2024, to become Chairman of Graubündner Kantonalbank (GKB) in July 2025. Christian Poerschke will serve as interim CEO during the transition, as the bank seeks both internal and external successors. Huber's tenure at Raiffeisen saw significant growth despite challenges, including a scandal that impacted the bank's reputation.
Heinz Huber, after six years at the helm of Raiffeisen Switzerland, will step down at the end of the year to become Chairman of Graubündner Kantonalbank in July 2025. His tenure saw internal reforms and a profit increase, but critics argue he failed to innovate or diversify the bank's offerings. Huber's successor at Raiffeisen is yet to be determined, with CFO Christian Poerschke temporarily leading the bank amid ongoing strategic challenges.
Heinz Huber will leave his position as CEO of Raiffeisen at the end of the year, transitioning to Chairman of the Board of Directors at Bündner Kantonalbank in July 2025. His tenure at Raiffeisen, marked by significant reforms and a failed super app launch, has been overshadowed by digitalization challenges and internal frustrations.
Heinz Huber's unexpected departure as CEO of Raiffeisen Switzerland follows a successful tenure marked by significant growth, including a rise in group profit from CHF 835 million to CHF 1.39 billion. Despite expanding its client base amid Credit Suisse's decline, the bank faced setbacks in digital services, notably with a delayed app launch. Huber will take over as President of Graubünden Kantonalbank, succeeding Peter Fanconi amid scrutiny over a controversial loan.
Heinz Huber, CEO of Raiffeisen since January 2019, will leave the bank at the end of the year to become Chairman of Graubünden Kantonalbank in July 2025, succeeding Peter Fanconi, who is stepping down amid scrutiny over a controversial loan. Christian Poerschke will serve as interim CEO of Raiffeisen during this transition.
Heinz Huber will step down as CEO of Raiffeisen Zurich at the end of the year to become Chairman of Graubünden Kantonalbank in July 2025. Christian Poerschke, currently Vice-Chairman, will serve as interim CEO. Huber, who has led Raiffeisen since January 2019, successfully navigated the bank's recovery following significant losses in 2018.
Heinz Huber will step down as CEO of Raiffeisen at the end of the year to become Chairman of Graubünden Kantonalbank in July 2025. Huber, who has led Raiffeisen since January 2019, is credited with restoring the bank's growth after a challenging period marked by significant losses. Christian Poerschke will serve as interim CEO during the transition.
Patrik Gisel
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Raiffeisen seeks new CEO after Heinz Huber's unexpected departure
15:33 20.02.2025
schwyz kb leader vying for raiffeisen ceo amid internal turmoil
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