Paredes still with Danamon until April

President Director of Bank Danamon Sebastian Paredes announced will resign from his post in April 2010 in a general meeting of shareholders annually.

Paredes expressed resignation that it is more because of personal considerations and to this day he admitted had not received a bid proposal from another company.

"It's time for me to see new opportunities, and create Danamon find a replacement who brought more forward, and I must ensure the performance of the 3-month transition period to the next well-traveled," he said in a press conference today Bank Danamon.

He saw Danamon in 2010 should be in a good year of business and in the right direction. In addition, the company also has a good team of directors and commissioners who are committed to continuing what has been done and produced so far.

According to him, his resignation due on the right time and conditions and will not interfere the growth. However, he said, he was still a chance to concentrate on leading the Danamon until April.

"I still want to live in Indonesia and that its personal choice. Problem to the future will be delivered on time," he said.

Bank Danamon Wadirut Jos Luhukay submit the resignation option is a right and interest which must be respected Sebastian conducted in a good manner. "For that, our Board is committed to continue to remove the doubt," he said.

Paredes was appointed as Managing Director on May 9, 2005. Ecuador-born man, 28 April 1961 had previously had a career in banking for 20 years and spent most of the Citigroup.

He previously had served as Country Head Citigroup ebagai in Honduras for 2 years and Ecuador for 2 years. Later appointed as CEO of Citigroup Turkey and Regional Head for Turkey and Israel.

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