OPEX Ratio Alignment & Portfolio Valuation Overview
UPCOMING SPLIT OF THE CHAIRMAN AND CEO ROLES
GEORGIA
CAPITAL
RATIONALE FOR THE SEPARATION OF THE ROLES
The combined Chairman and CEO role served the Company well in the start-up
phase of Georgia Capital
➤ As the Company has continued to mature, it has now become clear that the best
structure to further institutionalise the Group is to separate the role of Chairman
and CEO
Separation of the role will improve our governance by adding local knowledge and
perspective to the non-executive team and create a better balance between the
non-executives and executive management
FOLLOWING THE SEPARATION OF THE ROLES:
Irakli Gilauri will remain Chairman of the Board and will stay active in key strategic
areas
➤ Irakli holds significant stake in GCAP
➤ The Board of Georgia Capital will announce a further update in due course with
regard to the appointment of a new CEO
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