New Chairman appointed to K&H Bank’s Supervisory Board

Krisztina Horváth succeeds Elemér Terták

The mandate of K&H Bank’s Supervisory Board Chairman, Nomination Committee Chairman and Audit Board Committee member Elemér Terták ends on 30th of April 2023.  KBC Bank appointed Krisztina Horváth as the new Chairman of the Bank’s Supervisory Board, Chairman of the Nomination Committee and member of Audit Committee. The appointment has been approved by the National Bank of Hungary. Krisztina Horváth assumes her position as from 1 May 2023.

KBC Bank’s CEO of International Markets, Peter Andronov commented the change: “I want to thank Mr Terták for more than 5 years of successful work at the helm of K&H Bank’s Supervisory Board. Mr Terták has always exhibited the highest standards of work and has always been committed to K&H’s stable and prudent operations, as well as to our dynamic growth. His experience, vision and advice have greatly contributed to K&H Bank’s successes. In Ms Horváth we are happy to have a Chairwoman of outstanding reputation and a very experienced leader with versatile experience.  We warmly welcome Ms Horváth in her new position and I am convinced that her efforts and experience will form an important contribution to K&H’s success.”

Krisztina Horváth is a highly experienced, versatile, and skilled financial expert and leader with a wealth of experience gained in several industries. She is a strategic thinker who is willing to take decisive action to improve business performance. She embraces change and skilfully leads organizations through it. She is currently CFO, Member of the Strategic Investment Committee and Member of the Operating Management Committee at RTL Hungary. She gained experience in the energy sector as Member of the Board of Directors, Member of Integration Board of E.ON-Elmű, between 2017 and 2021. In Raiffeisen Bank she served as Member of the Management Board, Member of the Board of Directors and CFO and was also responsible for Supervising Strategy and Controlling, Treasury, Retail and Corporate Operations, Subsidiaries, Legal, and Procurement at different moments during her long career between 1989 and 2014 at the financial institution.

Elemér Terták earned an outstanding reputation both in the Hungarian and international financial sector. He held leadership positions at various financial institutions in two decades, at present he is board member of the Hungarian Economists’ Association. He worked as senior adviser and director at the European Commission in Brussels between 2005 and 2016. Dr Terták also served as State Secretary and Deputy State Secretary of public administration at the Ministry of Finance. Since June 2016, he has also been an external member of the Board of the Global Legal Entity Identifier Foundation. He was member and the Chairman of K&H Bank’s Supervisory Board between 1 January, 2018 and 30 April, 2023.

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