GEK Terna Holdings, Real Estate, Construction S.A. Announces Board Changes
December 23, 2014
Share
GEK Terna Holding Real Estate Construction S.A. announced that the Board of Directors of the company, during its meeting on December
22, 2014, accepted the resignation of Mr. Nikolaos Panagiotopoulos and Mr. Stavros Fafalios from the position of independent non executive members of the Board of Directors and elected, in accordance with Codified Law 2190/20, Law 3016/2002 and the provisions of article 17 of the Company's Articles of Association, Mr. Panagiotis Kyriakopoulos, son of Othon, Marine Engineer, and Mr. Apostolos Tamvakakis, son of Stavros, as new members of the BoD, replacing the resigned members. Their term ends simultaneously with the term of the remaining members of the current BoD, by June 30, 2015 the latest.
GEK TERNA Holdings, Real Estate, Construction S.A. is a holding company organized around 5 areas of activity:
- electricity production (73,1% of net sales): from renewable energies and from natural gas ;
- infrastructure construction (21.3%): power plants, highways, etc.;
- infrastructure management under concession agreements (5.1%): highways, parking lots, etc.;
- production of industrial facilities and construction materials (0.4%): pylons, struts, wood constructions, cements, etc. ;
- real estate development and property management (0.1%).
Net sales are distributed geographically as follows: Greece (93.2%), Balkans (5.3%), Eastern Europe (0.8%) and others (0.7%).
GEK TERNA HOLDINGS, REAL ESTATE, CONSTRUCTION S.A. 
