Friday, April 20, 2018

Hellenic Petroleum Appoints New Chief Executive

Posted by April 17, 2018

Hellenic Petroleum Chairman Efstathios Tsotsoros has taken on the additional position of chief executive, the company said in a bourse filing.

Tsotsoros' appointment was proposed by the Greek state last week and approved at a board meeting on Tuesday. Grigoris Stergioulis steps down after three years at the helm.

Greece is selling a stake in Hellenic, its biggest oil refiner, under its latest bailout programme.

Its major shareholders, Greece and Paneuropean Oil and Industrial Holdings, have agreed to divest a combined stake of at least 50.1 percent in the refiner through an international tender.
 
Reporting by Karolina Tagaris

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