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Marios Siakolas resigns as CEO of the CTC group

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Marios Siakolas resigns as CEO of the CTC group

The public companies Cyprus Trading Corporation Plc, Ermes Department Stores Plc, Woolworth (Cyprus) Properties Plc and Cyprus Limni Resorts and Golf Courses Plc announce that Mr. Marios Siakolas has resigned from the position of CEO and CEO of Public Trading Companies Cyprus Plc and Ermes Department Stores Plc, as well as from the position of Member of the Boards of Directors of all the above Public Companies.

The Boards of Directors of Cyprus Trading Corporation Plc and Ermes Department Stores Plc have appointed for a number of years the Chief Executive Officer of the CTC Group of Companies Mr. Dimitris Dimitriou as their Chairman. The duties of General Manager at Ermes Department Stores Plc are undertaken by the Executive Vice President Mrs. Eleni Siakola, until the selection and appointment of General Manager. The Board of Directors of Cyprus Trading Corporation Plc will meet shortly to discuss and decide on the appointment of CEO.

Woolworth (Cyprus) Properties Plc also announces the appointment of Mr. Christakis Charalambous as Member and Chairman of the Board, replacing Mr. Dimitris Dimitriou who remains a Member of the Board. The CTC Group expresses to Mr. Mario Siakolas his deep appreciation and his warm thanks for his valuable services. Mr. Marios Siakolas will continue to offer his services to the Group through the parent company NKShacolas (Holdings) Ltd.

Source: www.philenews.com

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