The supervisory board of Raiffeisen Bank International AG (RBI) has accepted Herbert Stepic's resignation as CEO with immediate effect. This decision came after Herbert Stepic offered to resign his position due to personal reasons on 24 May, 2013. At the same time, Karl Sevelda was appointed as new CEO, and will commence his new duties with immediate effect.

Johann Strobl has been appointed new Deputy CEO, and his contract, as well as the one of CFO Martin Grüll, was also extended to end in mid-2017. Alongside his new role as CEO, Sevelda will retain responsibility for Corporate Banking until a new division of functional responsibilities is determined by the supervisory board.