07TBILISI2855, LADO GURGENIDZE NAMED NEW PRIME MINISTER OF GEORGIA

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Reference ID Created Released Classification Origin
07TBILISI2855 2007-11-16 15:50 2011-08-30 01:44 UNCLASSIFIED Embassy Tbilisi

VZCZCXRO8493
OO RUEHAG RUEHAST RUEHDA RUEHDBU RUEHDF RUEHFL RUEHIK RUEHKW RUEHLA
RUEHLN RUEHLZ RUEHPOD RUEHROV RUEHSR RUEHVK RUEHYG
DE RUEHSI #2855 3201550
ZNR UUUUU ZZH
O 161550Z NOV 07
FM AMEMBASSY TBILISI
TO RUEHC/SECSTATE WASHDC IMMEDIATE 8203
INFO RUEHZL/EUROPEAN POLITICAL COLLECTIVE PRIORITY

UNCLAS TBILISI 002855 
 
SIPDIS 
 
SIPDIS 
 
DEPT FOR EUR/CARC AND EUR/FO 
 
E.O. 12958: N/A 
TAGS: PGOV PREL PINR GG
SUBJECT: LADO GURGENIDZE NAMED NEW PRIME MINISTER OF GEORGIA 
 
--------------------------- 
Georgia's New Prime Minister 
---------------------------- 
 
1. (U) Lado Gurgenidze was named the new Prime Minister of 
Georgia November 16, replacing Zurab Noghaideli.  Gurgenidze 
has been Chairman of the Supervisory Board of the Bank of 
Georgia, a Tbilisi commercial bank, since May 2006.  Prior to 
that he was the bank's Chief Executive Officer.  He currently 
serves as Chairman on the Supervisory Board of Galt and 
Taggart Securities and Galt and Taggart Capital, an 
investment house, and is a member of the Supervisory Board of 
the Georgian Stock Exchange.  While the timing Gurgenidze's 
appointment is unexpected, he is known to be pro-Western and 
pro-business and it is likely his selection as Prime Minister 
will be seen as a positive change in the government. 
 
2. (U) Gurgenidze has ten years of investment banking 
experience.   Prior to joining the Bank of Georgia, he worked 
as the Managing Director and Regional Manager for Europe at 
National Bank of Canada's Putnam Lovell NBF, a boutique 
investment banking firm focused on the financial services 
sector.  He also held positions at ABN AMRO Corporate Finance 
as Director of Russia and CIS and Director of Mergers and 
Acquisitions in the Emerging European Markets, and in 
corporate finance at MeesPierson, a Dutch bank. 
 
3. (U) Born in Tbilisi, Gurgenidze left in 1990 to study in 
the United States. He attended Middlebury College and 
received an MBA from Emory University.  He is a dual national 
of Georgia and the UK. 
 
4. (U) When the President announced his appointment of 
Gurgenizde, he hinted that more changes in the government 
could be announced over the weekend. 
 
-------------------------- 
PM Nogaideli Leaves Office 
-------------------------- 
 
4. (U) Prime Minister Nogaideli underwent surgery in the 
United States in April 2007.  The press has reported that his 
doctors suggested he stop working. 
TEFFT

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