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Tonik Country President Long Pineda retires, replaced by Group CEO Greg Krasnov
Tonik Digital Bank Inc. (TDB), the pioneering digital bank in the Philippines, today announced a significant leadership transition. Long Pineda, President of TDB, will be retiring from her executive role and will assume the position of non-executive Chairman of the Board of Directors of TDB.
In her tenure as President, Ms. Pineda has been instrumental in securing Tonik’s position as the first digital bank in the Philippines, marking a milestone in the nation’s banking history.
Her contributions have been pivotal in growing the business and establishing Tonik as a leader in digital banking innovation.
Greg Krasnov, Founder and CEO of Tonik Group, who previously held the position of Chairman at TDB, will be stepping into the role of President of the TDB subsidiary.
“Long Pineda, who came out of retirement to start Tonik with us, has been fundamental in navigating Tonik through the complex regulatory environment and securing the first digital bank license in the Philippines. Her dedication and expertise have laid a strong foundation for Tonik’s growth. Having now stabilized TDB, Long can return to her well-deserved retirement,” Krasnov said.
He added, “As we move forward, we remain committed to our mission of revolutionizing banking in the Philippines. I am excited to build on this incredible legacy and lead TDB into its next chapter of innovation and customer-centric financial solutions.”
This transition reflects Tonik’s commitment to continuity and strategic growth. Ms. Pineda’s move to the non-executive Chairman role will ensure that her vast experience and insights continue to guide Tonik in its journey to redefine banking in the Philippines.
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