Stefan Barth becomes new Chairman of OLB's Board of Managing Directors

At its meeting today, the Supervisory Board of Oldenburgische Landesbank AG (OLB) appointed Stefan Barth (44) as the new Chairman of the Bank's Board of Managing Directors. The former Deputy Chairman of the Board of Managing Directors succeeds Dr. Wolfgang Klein (57), who is leaving OLB when his contract expires on August 31, 2021.

"We thank Dr. Klein for his dedicated work and the important course he has set for OLB's direction in recent years," said Axel Bartsch, Chairman of the Supervisory Board. "With Stefan Barth, we have the best solution for the Bank. Under his leadership, OLB will consistently continue its strategic development."

Stefan Barth has been a member of OLB's Board of Managing Directors since January 2021, and was appointed Deputy Chairman of the Board of Managing Directors in May 2021. From 2013 to the end of 2020, he held a position of responsibility at Bawag Group AG in Vienna, serving as Chief Risk Officer since 2015. From 2008 to 2012, he was with Hypo Alpe-Adria Group AG as part of its restructuring, and previously with Bayerische Landesbank since 1997. Stefan Barth is married and has two children.

"I'm delighted about the Supervisory Board's confidence in me and look forward to navigating OLB on a sustainable path to success together with my colleagues on the management team," says Stefan Barth. "To meet the challenges that exist in the banking business, I know I have a team of employees behind me that has impressed me with its high level of competence and great commitment since my first day at OLB.”