Marios Maratheftis resigns from Hellenic Bank Board

The domino of resignations of members of the Board of Directors of Hellenic Bank has continued ahead of the bank's general assembly and against the background of the upcoming changes that Eurobank intends to bring to the bank's administrative pyramid.

Eurobank on 7 August announced the successful completion of its mandatory takeover bid for Hellenic Bank Public Company Limited for the acquisition of up to 100% of its issued share capital, a process that began several months ago.

After Christos Themistocleous and John Gregory Iossifidis, Marios Maratheftis, a non-executive member of the Board of Directors, has also submitted his resignation with immediate effect - as announced by Hellenic Bank.

It is noted that Maratheftis was elected a member of the Board of Directors of Hellenic Bank on 28 August, 2019 and was a member of the Board’s Risk Management and Nominations / Internal Governance committees.

Also read: Second member resigns from Hellenic Bank’s Board to assist Eurobank takeover

Also read: Christos Themistocleous resigns from the Hellenic Bank Board with immediate effect

Also read: Eurobank S.A. completes takeover bid for Hellenic Bank

(Source: InBusinessNews)

Read More

Fitch upgrades Hellenic Bank's Shareholder Support Rating to 'bb'
Avanti raises €300,000 via crowdfunding on crowdX
Kinisis Ventures announces strategic expansion with launch of KV Fund II
Bank of Cyprus shareholders say yes to Athens Stock Exchange listing, London delisting
Takis Arapoglou: The four "pluses" from the reintroduction of Bank of Cyprus to the Athens Stock Exchange
Bank of Cyprus shareholders to decide on move from London to Athens stock exchange
Hellenic Bank acknowledges Chandriotis’ Board candidacy in CSE announcement
Sanctions target Oligarchs and arms traders, not Cyprus, US Ambassador says
Hellenic Bank prices issue of €100m Senior Preferred Notes
CBC publishes credit institutions' interest rates for July 2024