Finance
Austria's Raiffeisen names former executive Hoellerer as new CEO
Published by Global Banking & Finance Review®
Posted on December 17, 2025
2 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 17, 2025
2 min readLast updated: January 20, 2026
Raiffeisen Bank International appoints Michael Hoellerer as CEO from July 2026, succeeding Johann Strobl. RBI plans to sell its Russian business.
Dec 17 (Reuters) - Raiffeisen Bank International announced on Wednesday that its former Chief Financial Officer Michael Hoellerer would take over as CEO of the Austrian lender starting in July 2026.
Hoellerer will replace Johann Strobl, who will continue to manage the business as CEO until then and step down from the management board at the end of his mandate in February 2027, the bank said in a statement.
Strobl has served as CEO of RBI since March 2017.
In October, RBI undertook a restructuring of its board, as it looks to sell its Russian business to a local buyer in the hope that the Russian government would lift a block on repatriation of billions in profits generated by the bank. It is also under pressure from the U.S. and European Union to pare back its Russian activity.
RBI is the largest Western bank in Russia.
It also said on Wednesday it will extend Andreas Gschwenter's mandate as chief information officer by three years from July 2026.
RBI said Hoellerer, who served as the bank's CFO between 2020 and 2022 and is currently CEO of RBI's largest shareholder, RLB Niederoesterreich-Wien AG, will also take over responsibility for RBI's group-wide retail business from Strobl.
(Reporting by Alexandra Schwarz-Goerlich in Vienna; writing by Linda Pasquini in Gdansk; editing by Paul Simao)
A management board is a group of executives who are responsible for the day-to-day operations of a company, making strategic decisions and overseeing the implementation of policies and procedures.
Restructuring in business refers to the process of reorganizing the structure, operations, or finances of a company to improve efficiency, reduce costs, or adapt to changing market conditions.
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