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:
  • Stavros Lekkakos , Chairman - Non Executive Member
  • Emmanouil Xanthakis, Vice Chairman - Non Executive Member
  • Panagiotis Throuvalas, Vice Chairman - Executive Member
  • Athanasios Papanikolaou, Chief Executive Officer
  • Christophe Vivien, Executive Member
  • Georgios Efstratiadis , Non-Executive Member
  • Fotios Karatzenis, Non-Executive Member
  • George Lassados, Independent Non Executive Member
  • Stefanos Capsaskis, Independent Non-Executive Member
  • Petros Katsoulas, Independent Non-Executive Member
  • Theodoros Mylonas, Independent Non‐Executive Member

Biographies

Stavros Lekkakos, Chairman - Non Executive Member
Mr. Lekkakos serves as Non-Executive Chairman of the Board at MIG since July 2016. He was born in 1952 and has studied Economics at the University of Athens. His career began in 1968 at American Express in Greece, where he left in 1992 with the position of Vice Chairman. He joined Piraeus Bank in 1998, where he was appointed Group General Manager. From this position he successfully managed the merger of several Greek banks, which were acquired by Piraeus Bank. Within this framework, he held the position of General Manager of Macedonia Thrace Bank in 1998 and ETBA Bank in 2001 working on the preparation for the absorption of each bank. In April 2006, he assumed the role of Chairman & Managing Director at Piraeus Bank Romania, while maintaining his duties as member of the Board of Directors and member of the Executive Committee of Piraeus Bank, until June 2008. In June 2008 he returned to Greece as Deputy Managing Director and was elected to the position of Managing Director & Deputy CEO in May 2010. As of February 2011, up until early May 2015, he assumed the position of Managing Director and CEO, as well as Chairman of the Piraeus Bank Group Executive Committee. Mr. Lekkakos has served as a member of Piraeus Bank’s Board of Directors from 2006 to February 2017 (B’ Vice-Chairman, Non-Executive member). He has also served as Chairman of the Board of Directors of Piraeus Bank Romania, BoD member of various subsidiary companies of Piraeus Bank in Greece and abroad, as well as Vice Chairman of Henry Dunant Hospital. He serves as Chairman of the Board at insurance company European Reliance since December 2009, as well as Member of the Board of the American-Hellenic Chamber of Commerce. He is also a founding member of the Business Councils Greece-Kuwait, Greece-Qatar, Greece-UAE, Greece-Saudi Arabia.

Emmanouil Xanthakis, Vice Chairman, Non-Executive Member
Mr. Xanthakis studied Economics, Business Administration and Finance in Athens and Toronto. He is a professor in the Department of Economics at the University of Athens. Mr. Xanthakis has worked as financial consultant in the Ministry of National Economy and served on the board of directors of ETBA Bank, the then state owned industrial development bank. He has also served as Chairman of the Athens Stock Exchange, the Central Securities Depository and as President of Ernst & Young Finance in Greece.

Panagiotis Throuvalas, Vice 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.

Athanasios Papanikolaou, Chief Executive Officer
Mr. Papanikolaou graduated from Varvakios School, studied Economics in the Athens University of Economics and Business (AUEB), with a specialization in Marketing, while he holds a Masters degree in International Management from INSEAD. He has specialized in retail trade as well as in the management of large corporates, having served as General Manager in Continent Hellas (Carrefour), based in France and in Greece for 8 years, as CEO in the Venetis Bakery for 3.5 years, while from 2001 he has served as General Manager (2001-2007) as well as CEO (2007-2011) in the EVEREST Group. As of 2011, Mr. Papanikolaou serves as CEO of Vivartia Group’s FSE business (Goody’s-Everest-Olympic Catering). Mr. Papanikolaou is the Chairman of the Greek Federation of Branded Catering Businesses as well as a member of the Greek Tourism Confederation (SETE). Mr. Papanikolaou remains the CEO of Vivartia Group’s FSE business. He speaks English and French, and he is married with two daughters.

Georgios Efstratiadis, Non 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 carrier started in Ergasias Bank as a financial analyst, loan department executive and finally General Manager of the subsidiary investment company GREEK PROGRESS FUND S.A. In 1998 joined Marfin Group as Head of Asset Management Division and later as CEO of Marfin Global Asset Management S.A. On 2006 he assumed the duties of CEO to Marfin Bank until 2007. In 2007 was appointed General Manager of Marfin Investment Group. As of 2010 he assumed the position of Deputy CEO of Olympic Air and from 2011 until 2016 also the position of CEO in Skyserv Handling S.A( ex OLYMPIC HANDLING S.A) with main task the financial and operational restructuring of both companies. The successful completion of the program led to the disinvestment from the 2 companies. Mr Efstratiadis is BOD member of many group companies such as DELTA, Goody’s, Singular Logic, BARBA STATHIS, Hygeia, Attika. He is also member of audit committee of Vivartia, Attika and Hygeia.

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.

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 was member of the board of directors of Hambros Bank Limited, Vice Chairman of the board of directors of Alpha Trust S.A. and Hambros Hellenic Mutual Funds Management S.A., and Non Executive Member of the board of directors of Marfin S.A., Marfin Bank S.A and Managing Director at Union Bancaire Privee . He is an executive director of MORA WΕΑLΤΗ MANAGEMENT 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). Since 2003 he has been working in venture capital as a partner of 7L Capital Advisors. Prior to that, he served as Treasury Manager and Senior Manager of the London Branch of Ergobank (1990-1999) and Director – Investments of Commercial Capital (1999-2003). He has served as non-executive director of Probank (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.

Theodoros Mylonas, Independent Non‐Executive Member
Mr. Mylonas is an Independent Non-executive Member of the Board of Directors of Piraeus Bank, member of the Audit Committee, and Chairman of the Senior Credit Committee of Piraeus Bank. He has two B.Sc. degrees in Political Science and Public Administration from Panteion University. He speaks English fluently. He started his career in American Express Bank, where he stayed for twenty-nine years, of which fifteen served in managerial positions. He then joined Piraeus Bank, where he has served, from 1992 to 2005, as Retail Network Banking Manager, as Deputy General Manager, as General Manager of Credit, Corporate and Shipping, and as Management Advisor. From 2005 to 2007, he served as Deputy Managing Director in Proton Bank, while in the meantime from June 2006 to October 2006, he served Omega Bank as Managing Director.


Executive Committee

The Executive Committee consists of the following members:

  • Panagiotis Throuvalas (Chairman)
  • Ahanasios Papanikolaou(Member)
  • Kyriakos Magiras (Member)
  • Christophe Vivien (Member)
Audit Committee

The Audit Committee consists of the following members:

  • Emmanouil Xanthakis (Chairman)
  • George Lassados(Member)
  • Georgios Efstratiadis(Member)
Nomination and Remuneration Committee

The Nomination and Remuneration Committee consists of the following members:

  • Emmanouil Xanthakis(Chairman)
  • George Lassados (Member )
  • Fotios Karatzenis(Member)
Strategic Planning Committee

The Strategic Planning Committee consists of the following members:

  • Stavros Lekkakos, Chairman
  • Athanasios Papanikolaou, member
  • Panagiotis Throuvalas, member
  • Kyriakos Magiras, member
  • Christophe Vivien, member
  • Fotios Karatzenis, member
  • Spyridon Pashalis, member
  • Antonios Mavridoglou, member
  • Stavros Krasadakis, member
  • Andreas Kartapanis, member