22nd Aug 2008 14:34
Directorate Change
Appointment of Dr. Georges Achi as new Chairman of the Board of Directors of Bank Audi S.A.L.- Audi Saradar group
August 22, 2008
Bank Audi s.a.l. - Audi Saradar Group ("the Company") is pleased to announce the appointment of Dr. Georges Achi as its new Chairman of the Board of Directors succeeding Mr. Raymond Audi who had submitted his resignation from the chairmanship of the Board following his appointment as a member of the Lebanese Government.
The appointment of Dr. Achi takes effect on August 21, 2008.
Dr. Achi is a prominent banker. He worked in several Lebanese banks prior to chairing the Board of Directors of the "Credit Commercial du Moyen Orient SAL" ("CCMO") in 1988. He remained in this position until the merger of CCMO with the Company in 1997, after which he served as a member of the Board of Directors of the Company until 2004 and as an advisor to its Board of Directors since then.
He also served as Chairman of the Association of Banks in Lebanon from 1989 to 1993.
Dr. Georges Achi holds a PhD in Economics from the "Université de Genève" in Switzerland and a PhD in Law from the "Université de Paris" in France.
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