Imre Balogh, the administrator of the failed Probanka, will meanwhile be the interim CEO.

Simoneti was appointed among the three non-executive directors of the BAMC management board to take over from Nyberg, who the government dismissed last Tuesday over a failure to implement a remuneration policy compatible with its demands.

The management board of BAMC also named an interim CEO, with Balogh, who had served as a non-executive director until now, set to assume the position on Tuesday until a full-time boss is named through an international call to applications, BAMC said.

Balogh will take over from Torbjörn Mansson, who was recalled over allegations of excess pay, which prompted the government to act against the two top board members at the bad bank.

Janez Škrubej and Aleš Koršič stay on as executive directors, with the management board currently consisting of five members, which is sufficient to take decisions.

Balogh's position as non-executive member of the board will be frozen in the period he serves as interim CEO.

The management board also called on the government to appoint a new non-executive director with international experience in restructuring bad claims to bolster the board as it seeks a full-time CEO.

It also requested that the government provide for a competitive remuneration system which would help draw international and local experts to fill executive posts at BAMC.