Supervisory Board extends contracts of Management Board members Barth and Polster ahead of schedule

The Supervisory Board of Oldenburgische Landesbank AG (OLB) has extended Stefan Barth's contract as Chairman of the Board of Managing Directors of OLB ahead of schedule by another three years until the end of 2026. Dr Rainer Polster was also reappointed as Chief Financial Officer for another three years until September 30, 2026. With the early contract extensions of these key positions on the Board of Managing Directors, the Supervisory Board is relying on the proven expertise and continuity in strategic leadership and strongly supports OLB's set growth path.

"I am pleased that we were able to extend the very successful collaboration with Stefan Barth and Rainer Polster for another three years. Together with their colleagues, both have contributed significantly to OLB's successful development. OLB operates profitably and is well positioned for the future. With their expertise and experience, both enjoy our full support," says Axel Bartsch, Chairman of the Supervisory Board.

Stefan Barth has been Chief Executive Officer of OLB since September 2021. Previously, he was Chief Risk Officer since January 2021 and Deputy Chairman of the Board of Managing Directors since April 2021. Dr Rainer Polster joined OLB in October 2018 and was appointed to the Board of Managing Directors in April 2020 and as Chief Financial Officer in November 2020.