Election of new member of Board of Directors for replacement of resigned, new composition of the Board of Directors of «ELGEKA S.A.» and establishment of new Remuneration and Nomination Committee of the Company
Thessaloniki, March 27th,2014
«ELGEKA S.A.» discloses, according to the Athens Stock Exchange Regulation, the article 6 par.1 of L. 3340/2005 and article 2 par. e of decision 3/347/12.7.2005 of Hellenic Capital Market Commission, as well as the L. 3016/2002 on Corporate Governance, that during the meeting on 27/03/2014 of the Board of Directors of the Company resigned the Executive Board Member, Mr. Anthimos Misailidis in order to facilitate the establishment of the Board, in accordance with the provisions of the Corporate Governance and given the necessity for the election of fourth independent member in accordance with the resolutions of the Annual General Meeting of 2013 in lieu of Mr. Leonidas Theoklitos that lost that status, who was appointed Managing Director of the Company. Furthermore, the Board of Directors also appointed as a new Non Executive - Independent Director Mr. Nikolaos George Milios, whose election is temporary and should be approved by the next General Meeting of the Company.
Mr. Anthimos Misailidis retains the enlarged managerial capacity in the Chart of the Company and the Group.
Then, followed the re-establishment of the Board of Directors of the Company and it will henceforth have the following composition with the following properties:
1. Alexandros George Katsiotis, Chairman – Executive Member
2. Elli Drakopoulou, wife of Nikolaos, Vice - Chairman – Non - Executive Member
3. Leonidas Theodoros Theoklitos, Managing Director - Executive Member
4. Stilianos Marcos Stefanou, Independent Non - Executive Member
5. Pericles Panagiotis Stamatiadis, Independent Non - Executive Member
6. Michael Emmanouil Fandridis, Independent Non - Executive Member
7. Nikolaos George Milios, Independent Non - Executive Member
The term of the above Board of Directors will be four years with an expiration date of the mandate on June 25, 2017.
Also, the Board of Directors of the Company after submitting resignation of Mr. Leonidas Theoklitos of the Remuneration and Nomination Committee due to taking executive functions to the new Board of Directors of the Company, decided to establish a new Remuneration and Nomination Committee, the composition of which is as follows:
1. Nikolaos George Milios, Chairman - Independent Non - Executive Member
2. Stilianos Marcos Stefanou, Independent Non - Executive Member
3. Pericles Panagiotis Stamatiadis, Independent Non - Executive Member
4. Michael Emmanouil Fandridis, Independent Non - Executive Member
while its term shall be commensurate with that of the Board of Directors and the Audit Committee of the Company, which consists of three (3) Non-Executive Members - Independent and remains as it was constituted by the decision of 01/10/2013 the Board of Directors. Therefore, it still has the following composition:
1. Stilianos Marcos Stefanou, Independent Non - Executive Member
2. Pericles Panagiotis Stamatiadis, Independent Non - Executive Member
3. Michael Emmanouil Fandridis, Independent Non - Executive Member
As Chairman of the Audit Committee remains Mr. Stilianos Stefanou, who covers all the conditions required by article 37 par. 1 of L. 3693/2008.
Finally, it should be mentioned that the new Managing Director of the Company, Mr. Leonidas Theoklitos, was born in 1961 and has long experience in senior administration positions in the banking sector. He has held the position of Deputy Managing Director of National Bank of Greece and Board Member (2010-2012), Chairman of the Board of Directors of Ethniki Hellenic General Insurance S.A. (2010-2012), Chief Operating Officer of National Bank of Greece Group, Management Consultant at EFG Eurobank (2005-2006), Executive Vice-President of Hellenic Postbank and Chairman of Hellenic Postbank Post-Greek Mutual Funds Management SA (2000-2004), Managing Director of Bank of Central Greece (1998-1999), Deputy General Manager at Egnatia Bank (1994-1998). He began his career at the National Investment Bank for Industrial Development (ETEBA S.A.) (1986-1994). He had also been a member of the Executive Committee of the Union of Greek Banks and board member in Hellenic Exchanges S.A. (HELEX), Attica Bank S.A., National Company of Portfolio Investments (ETHNEX S.A.), Eurobank Properties S.A., Egnatia Securities S.A., Egnatia Mutual Funds Management S.A., Anelixis Trading S.A., Sklavenitis S.A. and Public Power Corporation S.A..
He holds a degree in Chemical Engineering from the National Technical University of Athens, degree of Business Administration from the Athens University of Economics and a Master's Degree in Business Administration (MBA) from the Imperial College, University of London.