Demetrios Efstathiou and Christodoulos Hadjistavris to resign from Hellenic Bank board after AGM

The number of resignations from Hellenic Bank’s board of directors is growing ahead of the 18 September AGM, the first to be held in the Eurobank era.

Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., earlier this month 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.

According to a Hellenic Bank announcement, Demetrios Efstathiou (pictured on the left in the above photo) and Christodoulos Hadjistavris will resign immediately following the general assembly.

More specifically, as announced by Hellenic Bank on 12 August, Demetrios Efstathiou, has informed the Bank that he will not offer himself for re-election at the annual general meeting of the Bank's shareholders to be held on 18 September 2024 and will depart from the board.

Therefore, the announcement adds, Efstathiou’s term of office on the board of directors expires at the end of the AGM.

"The Board of Directors would like to express its warm thanks to Mr. Demetrios Efstathiou Efstathiou for his contribution and services to the Board of Directors and to the Hellenic Bank Group," the announcement concludes.

On his part, Hadjistavris, according to a second announcement, has informed the Bank that he will resign from his position on the board, before the start of the voting of the 50th annual general meeting of the Bank's Shareholders on 18 September 2024.

"The Board of Directors would like to express its warm thanks to Mr. Christodoulos Hadjistavris for his contribution and services to the Board of Directors and to the Hellenic Bank Group," the second announcement states.

It is recalled that, in view of the annual general meeting of the Hellenic Bank, Christos Themistocleous, John Gregory Iossifidis, Marios Maratheftis, Marco Comastri and Andreas Persianis have also already resigned or declared that they will not seek re-election to the Bank's board of directors.

(Source: InBusinessNews)