Mar 5 • 17:08 UTC 🇪🇪 Estonia Postimees

Rain Lõhmus: change is essential for LHV

LHV Bank is appointing former CEO Erki Kilu in place of Kadri Kiisel and modifying its dividend policy to increase payouts, as explained by founder Rain Lõhmus.

LHV Bank has announced a significant leadership change, replacing its current CEO Kadri Kiisel with former CEO Erki Kilu. This transition comes alongside a planned revision of the bank's dividend policy, which aims to enhance shareholder returns. Rain Lõhmus, the founder and chairman of the board of LHV, provided insights into these changes and their necessity for the bank's future growth and stability.

In his discussion, Lõhmus addressed the impact of ongoing geopolitical events, particularly in the Middle East, on investment strategies. He highlighted the importance of being prepared 24/7 in a world where geopolitical boundaries are increasingly blurred. Historical events indicate that perceived boundaries may often be illusory, and this realization pushes investors to consider new paradigms and approaches in a rapidly changing world.

Moreover, Lõhmus reflected on his previous criticisms of LHV's performance, indicating a thoughtful approach to leadership and corporate governance. His emphasis on necessary change suggests that he is committed to ensuring the bank adapts appropriately to external challenges and remains competitive in the financial market, aligning operational strategies with a modern investment landscape.

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