Erste Bank Brings Alumni Bosek Back From Luminor for CEO Job (1)

Erste Group Bank AGpicked Peter Bosek as its chief executive officer, bringing the former board member back after passing on him in a previous leadership race.

Bosek will take over at eastern Europe’s largest bank from July 2024, the company said in a statement Wednesday. He replaces Willi Cernko, who had been serving with a two-year interim mandate.

The appointment brings the current CEO of Estonia’s Luminor Bank back to his previous workplace after falling short in the contest to replace long-standing executive Andreas Treichl. During that contest in 2018, Bosek was among the executives under consideration. ...