The Supervisory Board of PrivatBank on January 10, 2018, appointed Czech-born Petr Krumphanzl as Chairperson of the Management Board and applied to the National Bank of Ukraine for approval of his candidacy.

Until recently, Krumphanzl has been Chief Operating Officer of Home Credit (China). Prior that that, he was Chief Operating Officer at Heta Asset Resolution, created by the Austrian government, where his responsibilities included separation of non-performing loans into the so-called "bad bank," corporate strategy definition, infrastructure set up and legal support.

Before that, he worked as Head of Operations at Raiffeisen Bank Aval.

In July 2017 it was announced that the Supervisory Board of PrivatBank selected Amrop Executive Search Ukraine, a reputable international recruiting company, to search for candidates for the positions of CEO and CFO of PrivatBank.

As reported, ex-Minister of Finance of Ukraine Oleksandr Shlapak was tapped to head PrivatBank's board in December 2016, after the government, at the suggestion of the Central Bank and the shareholders of PrivatBank, decided to nationalize this biggest Ukrainian bank. Ihor Kolomoisky and Hennadiy Boholiubov were the bank's largest shareholders at that time.

In July last year, PrivatBank's supervisory board decided to appoint Halyna Pakhachuk as acting chairperson of the bank's board instead of Shlapak who had tendered a letter of resignation.