ELGEKA S.A.
Change in Management and the Composition of the Board of Directors
ELGEKA S.A, would like to notify the investing public that today Mr. Paraskevas Toktokoglou resigned from his position as Deputy Managing Director and Finance Manager, due to family reasons. He also resigned from the Board of Directors of several Group Subsidiary Companies.
Mr. Paraskevas Toktokoglou remains as member of the Board of Directors of ELGEKA S.A. and ELGEKA' s subsidiary, VIOTROS, and he will be undertaking business projects putting into effect his long experience and knowledge. In the Board of Directors of ELGEKA S.A. he will be no longer Executive but non Executive Member.
The Board of Directors during its session on the 3rd of December, after thanking Mr. Paraskevas Toktokoglou for his valuable services and his contribution to the Company and the Group during the last 20 years, presented the new Finance Manager, Mr. George Pachis, who will undertake the above mentioned position as of today.
Mr. George Pachis worked at PRICEWATERHOUSE, ELA?S, PROSPORTS S.A., at BAYER HELLAS ABEE as Finance Manager for 6 years and at NEOSET S.A. as Finance & Administration Director for the first 5 years and for the last 6 years as Deputy General Manager of the Group. At the same time he held the position of the Managing Director at BIENTE S.A.. He participated as a member at the Board of Directors of NEOSET S.A. and held the same position at the Board of Directors of its subsidiaries.
Following that, the composition of the Board of Directors, which tenure of office terminates at 13/11/2011, remains the same except from the change of Mr. Paraskevas Toktokoglou who will be non Executive Member. More specifically:
1. Alexander G. Katsiotis, Chairman and Managing Director
2. Elli G. Katsiotis-Drakopoulou, Vice Chairman-Executive member
3. Vassilis M. Evgenios, Chief Executive Officer-Executive member
4. Paraskevas H. Toktokoglou, Non-Executive member
5. Michael E. Fandridis, Non-Executive member
6. Stylianos S. Georgioudakis, Non-Executive member
7. Stylianos M. Stephanou, Non-Executive member (independent) and
8. Kyriakos S. Sachanidis, Non-Executive member (independent)
The above mentioned change is subject to the approval of the following Ordinary or Extraordinary General Shareholders Meeting according to the provisions of the Law.
Mr. Paraskevas Toktokoglou remains as member of the Board of Directors of ELGEKA S.A. and ELGEKA' s subsidiary, VIOTROS, and he will be undertaking business projects putting into effect his long experience and knowledge. In the Board of Directors of ELGEKA S.A. he will be no longer Executive but non Executive Member.
The Board of Directors during its session on the 3rd of December, after thanking Mr. Paraskevas Toktokoglou for his valuable services and his contribution to the Company and the Group during the last 20 years, presented the new Finance Manager, Mr. George Pachis, who will undertake the above mentioned position as of today.
Mr. George Pachis worked at PRICEWATERHOUSE, ELA?S, PROSPORTS S.A., at BAYER HELLAS ABEE as Finance Manager for 6 years and at NEOSET S.A. as Finance & Administration Director for the first 5 years and for the last 6 years as Deputy General Manager of the Group. At the same time he held the position of the Managing Director at BIENTE S.A.. He participated as a member at the Board of Directors of NEOSET S.A. and held the same position at the Board of Directors of its subsidiaries.
Following that, the composition of the Board of Directors, which tenure of office terminates at 13/11/2011, remains the same except from the change of Mr. Paraskevas Toktokoglou who will be non Executive Member. More specifically:
1. Alexander G. Katsiotis, Chairman and Managing Director
2. Elli G. Katsiotis-Drakopoulou, Vice Chairman-Executive member
3. Vassilis M. Evgenios, Chief Executive Officer-Executive member
4. Paraskevas H. Toktokoglou, Non-Executive member
5. Michael E. Fandridis, Non-Executive member
6. Stylianos S. Georgioudakis, Non-Executive member
7. Stylianos M. Stephanou, Non-Executive member (independent) and
8. Kyriakos S. Sachanidis, Non-Executive member (independent)
The above mentioned change is subject to the approval of the following Ordinary or Extraordinary General Shareholders Meeting according to the provisions of the Law.