23rd Dec 2009 15:45
Appointment of a New Chairman of the Board
Appointment of Mr. Raymond Audi as new Chairman of the Board of Directors of Bank Audi S.A.L. - Audi Saradar group
December 23, 2009
Bank Audi s.a.l. - Audi Saradar Group ("the Company") is pleased to announce the appointment of Mr. Raymond W. Audi as its new Chairman of the Board of Directors succeeding Dr. Georges Achi who had submitted his resignation from the Chairmanship of the Board.
The appointment of Mr. Audi took effect on December 22, 2009.
Dr. Georges Achi remains an independent member of the current Board of Directors of the Company and chairman of its Audit Committee.
About Mr. Raymond Audi
Raymond Audi started his banking career in 1962, when, together with his brothers and with prominent Kuwaiti businessmen, he founded Banque Audi sal (now Bank Audi sal - Audi Saradar Group), building on a successful centenarian family business. He played an active role, since then, in leading the Bank through prosperous times and through challenges to its current status of a widely recognized leading Lebanese and regional bank.
Raymond Audi served as President of the Association of Banks in Lebanon in 1994.
He has chaired the Board of Directors of Bank Audi from 1998 until 2008 when, following his appointment as member of the government of Lebanon - Minister of the Displaced - he resigned from the chairmanship of the Board in order to devote himself to public office.
He resumed his full dedication to the Banking Sector in November 2009 when the government's mandate reached its term.
Mr. Audi is the recipient of several honors and awards, including, in July 2007, an Honorary Doctorate in Humane Letters from the Lebanese American University.
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