COSMOTE's Board of Directors elected today Mr. Panagis Vourloumis, Chairman and CEO of OTE Group, to replace Mr. El. Antonakopoulos who resigned from his position.

Following the above decision COSMOTE's Board of Directors was formed into a body and elected Mr. P. Vourloumis as the new Chairman, Mr. A. Johansen as Vice Chairman and Mr. E. Martigopoulos as Managing Director.

Mr. Vourloumis thanked the members of the Board and commented, 'COSMOTE is one of the key growth drivers of the OTE Group. As the new Chairman of the Board of Directors I intend to contribute to the continuation of COSMOTE's successful track record and performance, and create enhanced value for the Company's customers, employees and shareholders'