With effect from 5 May 2022, KBC Group will make the following change to the composition of its Executive Committee: John Hollows, CEO Czech Business Unit, (who has reached the statutory age limit last year), will retire after a career of nearly 26 years with KBC. On the recommendation of the KBC Group Nomination Committee, the Board of Directors has appointed Aleš Blažek, the current CEO of KBC Bank Ireland, to the Executive Committee and successor to John Hollows as CEO of the Czech Business Unit. The appointment of Aleš Blažek as CEO of the Czech Business Unit has been approved by the Czech National Bank.

His approval as member of the executive committee of KBC Group (KBC Bank and KBC Insurance) is still subject to approval by the National Bank of Belgium and the European Central Bank. The successor to Aleš Blažek as CEO of KBC Bank Ireland has been identified and will be announced shortly, once his appointment has been approved by the European Central Bank.