Hellenic Petroleum Appoints New Chief Executive
Hellenic Petroleum Chairman Efstathios Tsotsoros has taken on the additional position of chief executive, the company said in a bourse filing.
Tsotsoros' appointment was proposed by the Greek state last week and approved at a board meeting on Tuesday. Grigoris Stergioulis steps down after three years at the helm.
Its major shareholders, Greece and Paneuropean Oil and Industrial Holdings, have agreed to divest a combined stake of at least 50.1 percent in the refiner through an international tender.
Reporting by Karolina Tagaris
