Michalis Louis appointed CEO of Hellenic Bank

Michalis Louis has been appointed as the new Chief Executive Officer of Hellenic Bank Public Company Limited at the Annual General Meeting of the Shareholders of the Bank, with immediate effect, according to a decision taken by the Board of Directors of the bank, at its meeting on Wednesday, following the election of Michalis Louis as Executive Director at the Annual General Meeting of the bank's shareholders and following the approval by the European Central Bank of his appointment as Executive Director / Chief Executive Officer of the Bank.

According to a press release from Hellenic Bank, Antonis Rouvas, who has been the Interim Chief Executive Officer of the Bank since 1st of August 2023, has resumed the duties of Chief Financial Officer.

It is also noted that Maria Keleshi, who has been the Interim Chief Financial Officer, will continue with her duties as the Chief Accountant the Bank.

Hellenic Bank officially entered the new era led by its major shareholder, the Greek Eurobank, today, following the General Meeting, which elected the new Board of Directors reflecting the intentions of the major shareholder.

The General Meeting of Shareholders elected the directors proposed by Eurobank, leaving out Kleanthis Chandriotis, who was proposed by the second largest shareholder, Demetra Holdings.

As non-executives Oliver Bernard Ellingham, Robert Anastassis Kyprianou, Charalambos Constantinou, Maria Charalambous, Sofronis Clerides, Kenneth Howard Prince-Wright were elected, while Stephen Joh Albutt was re-elected.

Also remaining in the position of Chairman of the Council are Petros Christodoulou, in the position of Chairman, Antonis Rouvas as second executive member and Miranda Xafa as non-executive member.

In his speech, the Chairman of the Board of Directors of the bank, Petros Christodoulou, after referring to the proper management of the bank, which was recognised by the international rating agencies, stressed that "the upward trend and the evolution of our bank continues."

In addition, Hellenic Bank announced that the Board of Directors of the Bank, following its constitution after today's Annual General Meeting of the Bank's Shareholders, decided on the composition of the Audit, Risk Management, Nomination/Internal Governance and Remuneration Committees of the Board of Directors of the Bank, with effect from 18 September 2024.