The Supervisory Board of Banca Comerciala Romana (BCR) took several decisions regarding the structure and composition of BCR’s Management Board (Executive Committee) in order to align responsibilities with the readjusted organizational structures of the Bank. According to a press release, Jonathan Locke was appointed to the position of Chief Risk Officer, pending approval of National Bank of Romania. Michael Beitz is deployed solely to management of the Remedial, Restructuring and Recovery business line. Corporate and Markets activities will be consolidated under Sergiu Manea, currently Vice-President for Treasury, Capital Markets & Group Large Corporate, within the context of a new corporate business model. Manea shall assume responsibility for all units under the Corporate business line and BCR’s corporate franchise in Romania. Wolfgang Schoiswohl, currently Vice-President for Corporate Banking, shall assume new role within Erste Group Holding.