The Company maintains a policy of corporate governance to monitor the control of management, provide transparency in relation to the ownership and control of the business, and to allow shareholders to participate in the key decisions of the Company.

 


The Members of the Board of Directors of the Company are the following:
  • Panagiotis Throuvalas, Chairman - Executive Member
  • Georgios Efstratiadis, Executive Member
  • Christophe Vivien, Non-Executive Member
  • Fotios Karatzenis, Non-Executive Member
  • Loukas Papazoglou, Non‐Executive Member
  • Konstantinos Galiatsos,Independent Non-Executive Member
  • George Lassados, Independent Non-Executive Member
  • Stefanos Capsaskis, Independent Non-Executive Member
  • Petros Katsoulas, Independent Non-Executive Member
  • Efstratios Chatzigiannis, Independent Non‐Executive Member

Biographies

Panagiotis Throuvalas, Chairman - Executive Member
Mr. Throuvalas studied Economics (B.A) at the University of Athens and holds a graduate degree in Economics (M.A. in Economics) from Manitoba University (Canada) having earned a scholarship from the Greek State Scholarships Foundation and the Canadian university. Mr Throuvalas has been working since 1982 in the fields of Finance and Investments, having served as Chief Financial Officer of the Theoharakis Group and a board member in several companies, including among others, NIK. THEOHARAKIS S.A. (commercial company), TEODOMI AKTE (construction company; as Vice Chairman of the Board of Directors), MINETTA Insurance company, METROPOLITAN Hospital, MARFIN EGNATIA Bank and several of its subsidiaries. He has participated in the design and implementation of business plans with emphasis on financial and operational implementation.

Georgios Efstratiadis, Executive Member
Mr Efstratiadis studied Economics in the Athens University of Economics and Business and holds a Master degree in Finance and Investment from the University of Exeter (Great Britain). His career started in Ergasias Bank as a financial analyst, financing department executive and finally General Manager of the subsidiary investment company PROGRESS GREEK INVESTMENTS S.A. In 1998 he joined MARFIN Group as Head of Asset Management Division and later as CEO of Marfin Global Asset Management S.A. From 2006 to 2007 he served as CEO in Marfin Bank and from 2007 to 2010 as General Manager of Marfin Investment Group. In 2010 he assumed the position of Deputy CEO of OLYMPIC AIR and remained therein until the sale of the company in 2012. From 2011 until June 2016 he served as Chairman and CEO in OLYMPIC HANDLING S.A (renamed to SKYSERV) (the sale of the company had been completed since December 2015). His appointment in the last 2 companies aimed at the financial and operational restructuring thereof after the operational losses they occurred in the first years of their operations. The successful completion of their restructuring resulted in operational earnings that facilitated the completion of their sale. Mr Efstratiadis served for many years as BoD member of many MIG group companies such as Hygeia (Vice-Chairman), Delta, Goody’s, Barba Stathis, Singular, whereas he maintains his position in the Board of Directors of Attica Group. He has also been a member of the audit committee in Hygeia (Chairman), Attica Group, Vivartia, Singular (Chairman) and MIG.

Christophe Vivien , Non Executive Member
Mr. Vivien holds a degree from the University of “Grenoble” in France and a postgraduate degree in Organization from the “Conservatoire des Arts et Metiers de Paris”. From 1983 to 1991 he worked as Project Manager in software company “CAP GEMINI”, and the French Stock Exchange, while in Greece he worked from 1991 to 2000 as Financial Manager in “CREDIT LYONNAIS GRECE S.A.”. Between 2000 to 2004 he developed a services company providing relocation services to foreign companies involved in the 2004 Olympic games project and created the Adventure Park near Athens. From October of 2004 until February of 2020 he held the position of Chief Financial Officer of MIG.

Fotios Karatzenis, Non Executive Member
Dr. Fotios Karatzenis graduated from the Law School at the University of Athens and received a Legum Magister (LL.M.) as well as a Doktor Juris (Dr. Jur.) from the University of Freiburg i. Br. (F.R. Germany). He has been a Research Fellow in the University of Freiburg i. Br. (1990 – 1993), Deputy Managing Partner in a reputable Athens Law Firm (1997 – 2002) and Head of the Legal Department of Marfin Bank and its successors (2002 – 2011). He holds since 2002 the position of the Chief Legal Advisor – Head of the Legal Department of Marfin Investment Group Holdings S.A. and he is member of various Boards and corporate bodies of the Group companies. Dr. Karatzenis has instructed seminars and has a series of publications in the area of Capital Markets, damages, unfair contract terms and private international Law.

Loukas Papazoglou , Non‐Executive Member
Loukas Papazoglou is a business counsel with great experience in international and Greek enterprises. He has been, amongst others, a Special Secretary of Privatizations, Chairman in the Athens International Airport, Project Manager and Member of the BoD of the Aegean Motorway and Olympia Odos as representative of the shareholder (HTC), C.E.O. of APIVITA S.A. He has obtained a Business Administration degree from Athens University of Financial and Commercial Studies (ASOEE) and an MSc in International Banking and Finance from University of Reading.

Konstantinos Galiatsos, Independent Non-Executive Member
Costas Galiatsos is a member of the Board of Directors of Marfin Investment Group. He has extensive experience in the financial sector. He has worked for several years in a major Greek bank and he was Vice President of an Undertaking for Collective Investments in Transferable Securities, listed in Athens Stock Exchange. He was also Chairman of the Board of Directors & CEO of the Hellenic Fund for Entrepreneurship and Development (ETEAN). He was Adjust Professor at Aegean University, in Athens University of Economics and Business and in Open University. He was Head of Educational Program of Hellenic Banking Institute, of Hellenic Bank Association. He is an author of several books and articles in scientific journals.

George Lassados, Independent Non Executive Member
Mr. Lassados holds a B.Sc. from Queen Mary’s College (London) and an MBA City University (London). He started his career with Hambros Bank Limited in London in 1986 and became a member of the Board of Directors in 1993. He served as Vice Chairman of the Board of Directors of Alpha Trust S.A. and Hambros Hellenic Mutual Funds Management S.A. (1993-1995). He joined Union Bancaire Privee as Managing Director in London in 1996 and in Zurich in 2009. He has served as Non-Executive Member of the Board of Directors of Marfin Investment Services S.A. (1998-2001), and Marfin Bank S.A. (2001-2007). He joined the Board of Directors of Marfin Investment Group S.A. in 2007. He was a member of the Investment Panel of City University (2008-2010). During 2016-2017 he joined MORA WΕΑLΤΗ MANAGEMENT AG as an Executive Vice President. He is the founder and director of LASSADOS CAPITAL AG.

Stefanos Capsaskis, Independent Non Executive Member
Dr Stefanos C. Capsaskis holds M.Eng. and Ph.D. degrees in Chemical Engineering from the University of Cambridge (UK). He has been working in venture capital since 1999, first at Commercial Capital S.A. (1999-2003), where he was Director – Investments, and then at 7L Capital Advisors, where he is Partner. Since 2017, he also teaches a related course at the University of Cambridge, as a Senior Associate in the Department of Chemical Engineering and Biotechnology. Prior to 1999, he served as Treasury Manager and Senior Manager of the London Branch of Ergobank S.A. He has served as non-executive director of Probank S.A. (2003-2011) and since 2012 he is a member of the Board of the Foundation for Economic & Industrial Research (IOBE).

Petros Katsoulas, Independent Non Executive Member
Mr. Katsoulas is a graduate of the Computer Science Department of the University of Crete (1988), while he also holds an M.Sc. in Software Engineering and an MBA from Aston University, Birmingham, UK (1990 and 1993 respectively). He started his career in July 1993 working in the investment banking unit of Barclays Bank (BZW) in Athens until October 1996. From October 1996 to December 1997 he worked in the Equities Research Department of BZW in London. From 1998 he worked in the Equities Research Department of Credit Suisse in London, where from 2001 to 2008 he was member of the European telecoms Research team and from 2008 to 2010 he was responsible for Greek Equities Research. From May 2010 he was Head of Sales and Trading at NBG Securities (a subsidiary of National Bank of Greece) and in July 2011 he was appointed CEO of NBG Securities. From August 2013 he was General Manger, Group Strategy at Eurobank and Member of the Executive Board. Since September 2015 he is Partner at Private Equity firm Elikonos.

Efstratios Chatzigiannis, Independent Non Executive Member
Mr Stratos Chatzigiannis is an advisor with over 30 years of professional experience. Since 2014, he has been an advisor to Landbay, an innovative P2P fintech. He is also an advisor to several technology start-ups and medium sized businesses, sharing his expertise and insights in corporate governance structures, financial management, development strategies and growth generation. He started his career in 1979 with KPMG in London where he also qualified as a Chartered Accountant (ACA 1983). Until 1996, he focused in the finance and construction sectors developing expertise in project management in a transactional environment. In 1997, he was appointed Head of Capital Markets at London-based NBGI. Furthermore, he served as NBG PLC’s Chairman. He was elected as Chairman and Deputy Chairman of the Hellenic Bankers Association UK for three consecutive terms. He holds a B.Sc. in Industry and Trade and an M. Sc. In Accounting and Finance from the London School of Economics.


Audit Committee

The Audit Committee consists of the following members:

  • George Lassados (Chairman)
  • Petros Katsoulas (Member)
  • Christophe Vivien (Member)
Nomination and Remuneration Committee

The Nomination and Remuneration Committee consists of the following members:

  • Stefanos Capsaskis (Member)
  • George Lassados (Member )
  • Fotios Karatzenis (Member)