OREANDA-NEWS. May 12, 2012. Home Credit B.V. (‘HCBV’), the Netherlands-based holding company for Home Credit’s leading multi-channel consumer operations in Russia, the Czech Republic, Slovakia, Belarus and Kazakhstan*, announces that Ivan Svitek will step down from his position on the Board of Directors of HCBV, reported the press-centre of HCBV. 

This will allow him to focus exclusively on Russian business as he continues to serve as Country Head and Chairman of the Board of HCFB Russia.  Replacing Ivan on the HCBV Board of Directors will be Mel Carvill.  Mel is one of the founders of PPF Partners – the PPF Group-backed international private equity firm focused on Emerging Europe and CIS – holding the position of President.

Mel Carvill has been a member of PPF Group's top executive team since 2009. Before joining PPF Group, Mel Carvill was Deputy General Manager of Assicurazioni Generali.

* Minority stake (9.99%) - JSC Home Credit Bank (Kazakhstan) is not consolidated to Home Credit B.V.