Banca Transilvania CEO Resignation Points To Shift In Strategy

He was one of the best paid bankers on the market, with his benefits including a base salary and a special bonus in stock, Ziarul Financiar writes in its online edition. Rekkers owned 0.75% of stock.

Given the stability seen in the bank’s top management, between Rekkers and chairman Horia Ciorcila, the sudden resignation raises some questions.

The mandate held by Rekkers for nine years now, at the helm, expires in April. There were talks between Rekkers and the board on the mandate throughout 2011, but a conclusion was not reached.