In accordance with L. 3340/2005, as well as decision number 3/347/12.7.2005 of the Hellenic Capital Markets Commission, PASAL Development S.A. announces the resignation of Mr. Spyridon–Georgios Doukas and the election of Mr. Panagiotis Trompoukis as an Independent Non Εxecutive Member and member of the Audit Committee. We also announce the resignation of Mr. Andreas Kapsalis, from the position of Vice President of the BoD and General Manager. Mr. KostasMarkazos, Executive Member of the BoD takes over the position of Vice President of the BoD. We express our thanks and appreciation to Mr. Doukas and Mr, Kapsalis for their valuable contribution.

The BoD, that was elected and assembled on 25.11.2009 for a 6-year tenure, will remain with six members, and consists of the following: 

 1. Sotirios Theodoridis                      President of the BoD & CEO

2. Konstantinos Markazos                 Vice President of the BoD

3. Antonis Chatzikostas                     Εxecutive Member

4. Theodoros Apostolidis                  Non Εxecutive Member

5. Georgios Laskaris                          Non Εxecutive Member

6. Panagiotis Trompoukis                     Non Εxecutive Member