Image: (Magenta)
The former Magenta boss, who joined the money house in 2022 and should have been promoted to a board member according to the plan, will leave the company in the summer. A corresponding report by “Kurier” was confirmed by Erste Group. Bierwirth cited a lack of experience and delays in his promotion as the reason for his exit. As Bierwirth wrote on the “LinkedIn” platform, a fit & proper test required for the board function was scheduled for September, and admission to the board would have taken place on October 1 if the test had been passed. “Slightly longer than initially planned by everyone, but the current bank failures have given me a great deal of understanding that a full balance sheet year has become the minimum experience required for appointment to the board,” said the manager. In this context it became clear to him “that any future expansion of my areas of responsibility could only be carried out at a much more cautious pace than originally hoped by some parties and also by me”.
As the “Presse” recently reported, Bierwirth should have taken the aptitude test earlier, which delayed the bank’s plans. According to “Kurier”, the manager is aiming for the position of CEO. Among other things, the regulatory hurdles made him aware that there was no chance of being appointed CEO of the bank in the foreseeable future.
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