Lone Star reappoint Byron Haynes to Novobanco’s supervisory board

  • ECO News
  • 20 September 2022

The banking institution led by Mark Bourke intends to put one more woman on the General and Supervisory Board for a term to run until the end of 2025.

US fund Lone Star, owner of Novobanco, plans to reappoint Byron Haynes as chairman of the General and Supervisory Board, according to a statement published Monday on the Securities Market Commission (CMVM).

For the next four-year mandate, until the end of 2025, the majority shareholder wants to keep the same number of members (10) and only make one change: the exit of Donald Quintin, chairman of Lone Star Europe, and the entry of Monika Wildner as a new independent member.

Monika Wildner is an Austrian and a lawyer with experience in banking. Since November 2020, she has been vice-chair of the supervisory board of Addiko Bank. Since 2015 she also belongs to the supervisory board of the Austrian bank Volksbank Wien.

If the proposal passes at the general meeting and by the regulators, the General and Supervisory Board of Novo Banco will strengthen the majority of independent members (there will be seven) – and three representatives of Lone Star.

Byron Haynes has led the board since 2017. The Briton has a career of over 25 years in financial services.