Sberbank CEO could resign if...

Sberbank CEO could resign if...

Chief executive of Russia’s Sberbank German Gref said he could leave his post if a possible shareholder change at the bank results in a switch in its strategy.

Gref is confident though that the strategy of the credit organization will remain unchanged after the main shareholder is changed (Bank of Russia holds 50% plus one share in Sberbank), TASS reported.

"I should hope not. I am thoroughly convinced that the strategy is correct, which is proved by practice. I brought a concept when I started (as CEO). If the concept pivots I see no place for me in the company," he said, speaking from the World Economic Forum in Davos.

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Vestnik Kavkaza

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