Komercní banka announced that Henri Bonnet, Chairman of the Board of Directors and Chief Executive Officer, has decided to retire from both positions as of August 1, 2013. Komercní banka has received the information that Czech National Bank has approved the appointment of Mr. Albert Le Dirac'h as the Member and Chairman of the Board of Directors of KB. This appointment is subject to the approval of the Supervisory Board of Komercní banka.

Mr. Albert Le Dirac'h is expected to assume the position of the Chairman of the Board of Directors and Chief Executive Officer of Komercní banka as of 2 August 2013. In 1995 Mr. Le Dirac´h took over the position of Head of Human Resources Management in SG France. From 1999 to 2006, he was appointed as CEO and Member of the Board of Directors for SGBT Luxembourg, international and global bank involved in private and corporate banking, capital markets and structured finance.

He has also served as the Chairman of the Supervisory Board of SG Private Banking Belgium. After two years return to HR as Deputy Head of Human Resources of SG Group, he became in 2008 CEO and Chairman of the Management Board in SG Morocco, retail and corporate banking entity including subsidiaries in leasing, stock brokerage, asset management and private equity business. Since 2009, Mr. Le Dirac´h holds the role of France Foreign Trade Counsellor.