PROTON Investment Bank S.A. announces a change in its Board of Directors. More specifically, on the Board meeting of 29.9.2006, Mr. Loucas N. Valetopoulos was elected as a new member, in replacement of Mr Georgios P. Kintis, who resigned from the Board. Mr. Valetopoulos has been elected as a Non-Executive Member. Consequently, the BoD of PROTON Investment Bank S.A., consists of the following members:
1. Angeliki N.Frangou, Chairman, Non-Executive Member
2. Anthony I. Athanassoglou, Vice-Chairman, Executive Member
3. Elias G. Lianos, Managing Director, Executive Member
4. Theodoros P. Mylonas, Deputy Managing Director, Executive Member
5. Dimitrios G. Saramantis, Executive Member
6. Hasdai V. Capon, Executive Member
7. Loucas N. Valetopoulos, Non-Executive Member
8. George P. Minettas, Non-Executive Member
9. Markos A. Foros, Non-Executive Member
10. Alexandra G. Stavropoulou, Independent Non-Executive Member
11. Panagiotis D. Alexakis, Independent Non-Executive Member
According to Article 9 of the Articles of Association of the Bank, the above Board of Directors is of three-year tenure, starting from September 7th, 2006, which is the date of the Extraordinary General Meeting and will expire upon the election of the new Board of Directors by the Ordinary General Meeting of year 2009. The tenure may not exceed 4 (four) years.