OREANDA-NEWS. October 06, 2010. Following the proposal of the Supervisory Council the Management Board of AB DnB NORD Bankas (hereinater “theBank”) elected deputy chairman of the Management Board Dr. Vygintas Bubnys as its chairman and appointed him as the Bank's President from 1 November 2010. He replaces president and the chairman of the Bank's Management Board Werner Schilli, who from 1 November 2010 starts his office of director of Germany‘s Norddeutsche Landesbank (NORD/LB) and the member of the Management Board of Braunschweigische Landessparkasse (BLSK) in charge of retail banking, reported the press-centre of DnB NORD Bankas.

Dr. Vygintas Bubnys is currently deputy chairman of the Management Board and executive vice-president of AB DnB NORD Bankas in charge of corporate banking, markets' operations, product development and asset management. Management board member Fredrik Borch has been appointed deputy chairman from 1 November 2010.

Vygintas Bubnys (born 1958) is a doctor of social sciences. He has been working at AB DnB NORD Bankas since 2000 and in Lithuania's financial sector since 1990. V. Bubnys has no shares of AB DnB NORD Bankas.

In the 30 September 2010 meeting, the Bank‘s Supervisory Council elected Tadas Sudnius, the head of the Bank‘s Business integration department as a member of the Bank‘s Management Board and he was appointed executive-vice president of the Bank in charge of back-office operations. Tadas Sudnius will start his office on 1 October 2010. He replaces Gundars Andzans who will hold the position of the advisor to the president of AB DnB NORD Bankas with executive decision power on IT development related issues.

Tadas Sudnius (born 1981) has been working in AB DnB NORD Bankas since 2003. He is a holder of bachelor's degree in economics from Vilnius University. He has no shares of AB DnB NORD Bankas.