Athens, April 4, 2011 - S&B Industrial Minerals S.A. ("S&B", "The Company") announces that the Board of Directors of the Company unanimously approved the election of Mr Kriton - Leonidas Anavlavis as new member of the Board and Chief Executive Officer of the Company.
Mr Anavlavis, with an MBA from INSEAD and an MSc in Marine Engineering from Newcastle University, has been with the Company since 1990. From 1995 until 2007, he successfully led the Bentonite Division, which currently is the Company's biggest Division. Since 2008, Mr Anavlavis was Chief Financial Officer of the S&B Group, a position from which he contributed significantly to the Company's successful response to the global recession and the Group's recovery in 2010.
Mr Anavlavis replaces the resigned non-executive Honorary Chairman of the Board, Mrs Aikaterini Kyriacopoulos.
The new Board consists of:
1. ULYSSES P. KYRIACOPOULOS, Chairman, executive member
2. EMMANUEL I. VOULGARIS, Vice Chairman, non-executive member
3. KRITON - LEONIDAS ANAVLAVIS, Chief Executive Office, executive member
4. STELIOS ARGYROS, Director, independent, non-executive member
5. EFTHIMIOS VIDALIS, Director, non-executive member
6. IAKOVOS GEORGANAS, Director, independent, non-executive member
7. FLORIKA P. KYRIACOPOULOS, Director, non-executive member
8. RAPHAEL MOISSIS, Director, independent, non-executive member
9. NIKOS NANOPOULOS, Director, independent, non-executive member
10. KALYPSO-MARIA NOMIKOU, Director, independent, non-executive member
11. ELENI PAPAKONSTANTINOU, Director, independent, non-executive member
12. ALEXANDROS SARRIGEORGIOU, Director, independent, non-executive member
13. ROBERT JAMES CHAMPION DE CRESPIGNY A.C., Director, independent, non-executive member
14. JAN CAREL MAARTEN SCHOENFELD, Director, independent, non-executive member.
15. ALAIN WALTER MARIE WIVINE SPEECKAERT, Director, non-executive member