Georgia Capital PLC - Tbilisi, Georgia-based investor in businesses in Georgia - Extends Chair & Chief Executive Officer Irakli Gilauri's contract, due to expire in May next year. The contract has been renewed to December 31, 2025.
From 2011 to 2018, Gilauri was the CEO of BGEO Group PLC, from which Georgia Capital demerged in 2018. He joined the Bank of Georgia Group PLC in 2004 as chief financial officer and was named chair in 2015. Gilauri has up to 20 years of experience in banking, investment and finance. BGEO is now a wholly-owned subsidiary of Bank of Georgia.
Senior Independent Director David Morrison says: "Irakli has led Georgia Capital since its demerger from BGEO in 2018 and during this time he has developed the company into a unique institutional investment business in Georgia, with an excellent track record in accessing and developing high-quality management talent; accessing international capital markets, maintaining high standards of governance; finding attractive new investment opportunities; and successfully monetising a mature portfolio company - our water utility business."
Current stock price: 616.00 pence, down 2.4% on Monday morning in London
12-month change: up 0.3%
By Xindi Wei; xindiwei@alliancenews.com
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Georgia Capital (CGEO)
Bank Of Georgia Group (BGEO)