(Reuters) – Russia’s Sberbank has announced that three board members have resigned. This is the latest departure in a series of high-ranking resignations at the state-owned lender.

Sberbank announced that Alexandra Buriko, Chief Financial Officer and Sergei Maltsev were resigning from their positions as Deputy Board Chairman.

Sberbank stated that changes were made in the composition of its board as part of the transformation of Sberbank’s governance model.

The board also stated that Natalia Alimova, a member of the board, had resigned.

This resignation comes a day after Sberbank announced that one of its top vice presidents has resigned. It follows in the footsteps high-profile members of board soon after Russia started what it calls an “extraordinary military operation in Ukraine”.