Hellenic Telecommunications appoints Christos Kastoris, Theodoros Matalas, Leonidas Filippopoulos and Nikolaos Karavitis as Non-Executive Directors

– GREECE, Athens – Hellenic Telecommunications Organization SA (ASE: HTO, OTC MARKET:HLTOY), the Hellenic Telecommunications Organization SA (OTE SA or the Company), announces that OTE’s Board of Directors, elected today as new members, Messers Christos Kastoris (Independent, Non-executive member), Theodoros Matalas (Independent, Non-executive member), Leonidas Filippopoulos (Independent, Non-executive member) and Nikolaos Karavitis (Non-executive member), in replacement of the resigned members Messers Dimitrios Tzouganatos (Independent, Non-executive member), Michail Bletsas (Independent, Non-executive member), Vassilios Fourlis (Independent, Non-executive member), and Efstathios Anestis (Non Executive member), for the rest of their tenure, namely until the Ordinary General Assembly of Shareholders to be held in the year 2015.

Subsequently, the Board of Directors was formed into a body corporate, pursuant to article 10 par.1 of the Company’s Articles of Incorporation and now comprises of:

  • Michael Tsamaz Chairman and CEO, executive member
  • Nikolaos Karavitis Vice-Chairman, non-executive member
  • Raphael Kübler Non-executive member
  • Klaus Müller Non-executive member
  • Claudia Nemat Non-executive member
  • Christos Kastoris Non-executive member, Independent
  • Charalambos Mazarakis Executive member
  • Theodoros Matalas Non-executive member, Independent
  • Stylianos Petsas Non-executive member
  • Panagiotis Tabourlos Non-executive member, Independent
  • Leonidas Filippopoulos Non-executive member, Independent

About Nikolaos Karavitis

Mr Nikolaos Karavitis was born in 1959 and is Associate Professor of Public Finance in the Department of Public Administration of the Panteion University. He is a graduate of the University of Athens Economics Department and holds a master’s degree in Economic Development and a Ph.D. in Public Finance from the University of Leicester, U.K. Mr Karavitis has served as Senior Research Associate of the Council of Economic Advisors (Ministry of Finance) from 1989 to 1997 in the areas of fiscal policy and labor market. He held the position of Secretary General at the National Statistical Service from 1997 to 2004. He has been working as Research Associate in charge of the Public Sector Observatory of the Foundation of Economic and Industrial Research (IOBE) since 2010. Mr Karavitis is the author of papers and books on various aspects of Public Finance, including public expenditure, tax policy, social security and public debt and deficit. Over the years he has served on a number of high-level committees in Greece and in the European Union, including the E.U. Economic Policy Committee (EPC), the E.U. Monetary Committee (EFC), the U.N. Statistical Commission (Vice-President) and the Statistical Program Committee (Eurostat). He speaks English and Spanish.

About Christos Kastoris

Mr Christos Kastoris was born in 1950 and holds a BA in Electrical Engineering and a Ph.D. in Engineering from the University of Patras. From 1973 until 1976 he served as Research Assistant in the Electrical Engineering Department of the University of Patras and from 1976 to 1977 as Senior Lecturer in the School of Engineering of the University of Patras. From 1977 to 1980 he worked as specialized Engineer in the Transmission Systems at OTE’s Research Department. From 1980 to 1987, Mr Kastoris worked as Network Engineer as well as Head of the Call Centers in the Magnisia region. He served as Senior System Engineer in AXE exchanges of Ericsson/Intracom, from 1988 until 1992, and in AT&T in 1992. From 1992 to 1996 he headed the International Telecom Exchanges in Thessaloniki. From 1996 to 2006 he held the position of Regional Director of OTE in Thessalia. Mr Kastoris has published regarding telecoms and has participated in numerous relevant conferences. Mr Kastoris is a member of the Supervisory Board of the Technical Educational Institute of Thessaly. He speaks English, German and Τurkish.

About Theodoros Matalas

Mr Theodoros Matalas, born in 1968, holds a BA in Civil Engineering from the University of Thrace, an MA in Economy and Law from the University of Athens. Mr Matalas has been working as a Civil Engineer since 1994, has participated in numerous studies and has overseen a large number of private and public work projects. From 1996 to date, Mr Matalas serves as General Director and Manager of the public educational Foundation ‘Matalas Foundation’. From 2007 to 2009 he served as CEO of Agrogi SA and in 2009 as Secretary of the Labor Inspection Force. From 2012 to March 2013 he was member of the permanent committee of the former Workers’ Housing Organization. Mr Matalas has also served as president of the Hellenic-American Association, as Vice President of the European Association for Rural Development Institutions (AEIAR) and as Member of the Technical Chamber of Greece. He speaks English and German.

About Leonidas Filippopoulos

Mr Leonidas Filippopoulos was born in 1968, holds a BA in Business Administration and International Economic Relations from the University of Sofia and an MA in Business Administration from Middlesex University of London. Since January 2013, Mr Filippopoulos is Managing Director of the “Galaxy SA Tourist Hotel Businesses”, where he has also served as member of the Board of Directors since 2004. In the past, he has served as Chairman of the Board of C.A.I.S.P.S. (Centre of Awareness, Information and Sensitization for Psychodrastic Substances), as financial consultant in TITANIUM Ltd and BNF Company and also as manager in a brokerage firm. He speaks English, Bulgarian and Russian.

About OTE

OTE Group is Greece’s leading telecommunications organization and one of the pre-eminent players in Southeastern Europe, providing top-quality products and services to its customers.
Consisting of the parent company OTE S.A. and its subsidiaries, the Group offers fixed-line (voice, broadband, data and leased lines) TV and mobile telephony services in Greece and Romania, as well as mobile telephony services in Albania. The Group is also involved in a range of activities in Greece, notably in real-estate and professional training.

OTE is listed on the Athens Stock Exchange and the London Stock Exchange. Following OTE’s delisting from the NYSE, OTE’s ADSs (American Depositary Shares) trade in the OTC (Over the Counter) market under the ticker HLTOY through the Level I ADSs program.

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