Eurobank Ergasias SA has announced the resignation of Panagiotis Thomopoulos as president of the board and Christos Megalou as CEO. In his resignation letter, Mr. Christos Megalou informed the Board that he decided to accept the offer of an advisory position at Fairfax Financial. The Board decided, first, to elect Mr. Nikos
Karamouzis as a new non-executive member, for a term equal to the remaining term of the resigning Board members. The Board, then, proceeded to elect Mr. Karamouzis as President and promoted Mr. Fokion Karavias, until now Senior General Manager, to the post of the CEO. The new President will chair the new Strategic Planning Committee, contributing actively to the strategic decisions of the Bank, and will participate in all the major Board Committees, while also representing the Bank at the Hellenic Banks Association.