The National Bank of Greece S.A. (the “Bank”) announces that, its Board of Directors, during today’s session, unanimously resolved upon the election of Mr. Costas Michaelides as new non-executive member and Vice-Chairman of the Board of Directors, in order to succeed the current Board Chairman, Mr. Panayotis Thomopoulos, from January 1st, 2018, in accordance with the existing corporate governance principles framework and in particular the BoD members’ and Senior Executives’ Succession Policy of the Bank.
Mr. Michaelides possesses exceptional experience of over 30 years in the banking sector, having served in top positions in financial institutions and international financial organisations.
It is noted that, in accordance with the provisions of the legal and regulatory framework, the election of credit institutions’ new Board members is subject to approval and constant review by the Single Supervisory Mechanism (SSM) of the European Central Bank.
