“Following the announcement on December 20, 2024, and the approval of the relevant regulatory authorities, Novo Banco, S.A. announces that the General and Supervisory Board has received regulatory clearance (‘fit and proper’) for a new four-year term (2025-2028), maintaining its current composition,” stated a communication sent to the Portuguese Securities Market Commission (CMVM).
Thus, the General and Supervisory Board will continue to be chaired by Byron Haynes, with Karl-Gerhard Eick remaining as vice-chairman.
The other members are Kambiz Nourbakhsh, Mark Coker, Evgeniy Kazarez, Carla Silva, William Newton, Monica Wilder, and Susana Smith.
The General and Supervisory Board (GSB) is the oversight body of Novo Banco, responsible for defining and supervising the work of the Executive Board.
Novo Banco was established in August 2014 to take over part of Banco Espírito Santo’s (BES) operations during its resolution.
Its main shareholder is the American investment fund Lone Star, holding 75% of the share capital. The bank resolution fund holds 13.54%, and the remaining 11.46% is directly owned by the Portuguese State through the Treasury and Finance Directorate-General (DGTF).
In 2024, Novo Banco reported profits of 744.6 million euros, an increase of 0.2% compared to 2023.
Gestor da Lone Star vende à mulher quinta do Novo Banco a “preço de saldo”
