INNOVATION NETWORK

Board of Directors

The Board of Directors is the third main body of the Corporation and has the powers and competencies that are provided in article 192 of Law 4389/2016.

Is made up

of five (5) to nine (9) members appointed for four (4) years, is responsible for the management of the Corporation and the achievement of the objects laid down in its Statutes.

Decides

on all issues relating to the management of the Corporation, apart from those issues which under the provisions -of the aforementioned Law- fall within the competence of the Supervisory Board or of the General Assembly.

The members of the Board of Directors are elected

by the Supervisory Board in accordance with the provisions of the same law. On taking office on 10.10.2016, the Supervisory Board initiated the process of the election and appointment of HCAP’s Board of Directors. The first Board of Directors of HCAP, constituted into a body on February 16th, 2017.

The current composition of the Board of Directors is as follows:


  1. Konstantinos Derdemezis,
    Non-executive Chairman of the Board of Directors

    In February 2020 he was appointed as non-executive director of HCAP and is also a member of both the Investments and Nominations committees. He possesses broad experience of more than 20 years in emerging markets, international complex environments, change leadership and stakeholders’ engagement. His most recent position was Member of the Group Executive Committee and South East Europe Executive Director for Titan Cement Group. He has also served as a non-executive board member in various subsidiaries of Titan Cement Group in Europe and in the banking sector abroad. His areas of expertise are asset and operational management, restructuring, culture transformation and corporate governance. He is a Chemical Engineer by education and holds a BSc degree from the Aristotle University of Thessaloniki and a MSc from the Pennsylvania State University. He also holds an MBA from ALBA Graduate Business School and a Master in Public administration from Harvard University and has completed INSEAD’s International Directors Program (IDP and Board Accreditation).


  2. Stefanos Giourelis,
    Deputy CEO and Executive Member

    He was born in 1964. He studied at the National Technical University of Athens from where he obtained a degree in Mining Engineering & Metallurgy. He has worked for the past 25 years in Information Technology sector mainly in international sales and management positions. He worked for 19 years at Hewlett Packard for Greece, Middle East, Mediterranean and Africa based initially in Athens and afterwards in Dubai, 4 of which as a General Manager (Greece) and 8 of which as Managing Director in Greece, Africa region and GRAF (Greece & Africa) region.


  3. Spyros Lorentziadis,
    Non-executive Member

    Βorn in 1946. He holds a B.A degree from the Political and Economics Department of the Athens Law School. He is a certified public accountant and auditor in Greece with a long professional career as a consultant with expertise in the areas of Corporate Governance and Internal Control Systems. He was the Chairman and Managing Partner of Arthur Andersen in Greece and a Senior Director and Audit Partner at EY. He has served as an Independent Non-Executive Board member at the National Bank of Greece, Chairman of the Audit Committee of the Board of Directors at Eurobank and Emporiki Βank and as an independent member of the Audit Committee of the Athens International Airport. Since June 2017, he is a senior advisor on governance and control issues to the CEO of Piraeus Bank.


  4. Giovanna Kampouri Monnas,
    Non-executive Member

    Mrs. Giovanna Kampouri Monnas possesses long international experience in both executive and non-executive positions. She is currently a non-executive director at Puig SL in Spain and AptarGroup in USA and has been Chair of Exea Ventures (NL) and board member of Randstad (NL), Imerys SA (FR) and TNT NV (NL) She was an executive of Joh. A. Benckiser GMBH, rising to President of Benckiser International, and of P&G in Greece and the USA. She also has over 15 years experience as independent advisor to European and US companies. She is an active volunteer, as President of the Estia Agios Nikolaos Foundation in Germany and Greece and as member of several non-for profit organizations. She holds a BSc and a MSc in Economic Planning and Social Administration from the London School of Economics.


  5. Thymios Kyriakopoulos,
    Non-executive Member

    Mr. Thymios Kyriakopoulos, is an internationally experienced senior executive specializing in the areas of banking, portfolio management, corporate transformation, and risk management. Mr. Kyriakopoulos was an Executive General Manager and the Group Chief Risk Officer at Piraeus Bank until 2020. Prior to this, he was appointed Managing Director at Goldman Sachs fixed income, currencies and commodities trading division.  He has served as Chairman of the BoD of an Insurtech company, vice Chairman of a factoring business, and others. Throughout his career, he has invested in real estate, capital and private markets. He worked for Market Axess Inc in its startup phase, now a NASDAQ listed fintech business, and prior to that worked at Deutsche Bank and PriceWaterhouseCoopers. He holds an MBA with honors from the Wharton School at the University of Pennsylvania and a BSc in Mechanical and Aerospace Engineering from Cornell University.



  1. Gregory D. Dimitriadis,
    Chief Executive Officer and Executive Member

    He studied in the UK and the USA, holding a bachelor with honours in engineering (Manchester Metropolitan University) and two masters; one in the field of telecommunications (University College London) and another in international business relations and international negotiations (The Fletcher School, Tufts University). He is an executive with national and international experience in leading management positions in both the private and public sector. He served as Chairman of Enterprise Greece and Secretary General for International Economic Affairs of the Ministry of Foreign Affairs, dealing with numerous strategic investments in Greece and led the development of the National Strategy for Trade & Investment Promotion. Prior to that, he was Executive VP at HVA International in Amsterdam, Managing Director of Iskra Zaščite (Raycap Group) in Ljubljana, Chairman & CEO of the Athens Urban Transport Organization, and project leader for Greece’s National Strategy for exports at the Ministry of Development.
    https://www.linkedin.com/in/gregorydimitriadis/


  2. Hiro Athanassiou,
    Non- executive Member

    Born in 1960, she holds a BA degree from Deree College and a MSc from London School of Economics. She has a long and successful professional career in Unilever, holding successively the position of VP in Marketing for Greece and Cyprus (2006 – 2010); SVP Operations for L. America, South and Eastern Europe, Russia, Turkey and Israel (2010 – 2014); the position of EVP and Managing Director for Greece and Cyprus (2014 – 2018). She currently holds the position of independent non-executive member of the Board of TITAN and she is a Board Member of SEV, IOVE and SEET. She is mentoring start-ups for Orange Grove –Dutch Embassy. Her areas of expertise include strategic development, marketing and organizational restructuring.


  3. Marina Niforos,
    Non- executive Member

    She was born in 1969. She studied at the University of Cornell in USA. She holds an MBA degree from INSEAD and Post graduate degrees from the University of Pennsylvania and SAIS-Johns Hopkins University in Public Administration and International Relations respectively. She has worked in World Bank (1993-1998); as Director Corporate Strategy, for Groupe Pechiney in France (2001-2004); as Executive Director for INSEAD (2007-2010); and as CEO for the American Chamber of Commerce in France (2010-2014).


  4. Marco Veremis,
    Non- executive Member

    Mr. Markos Veremis, is the founder and Chairman of Upstream, a leading global technology company in the field of mobile commerce, conducting business in over 45 markets. He is also a founding partner at Big Pi Venture Capital which invests in Greek technology companies and an active angel investor and member of the board in technology companies like Persado, Workable, Orfium, Tile DB and Softomotive which was sold to Microsoft in 2020. He is the President of Junior Achievement Greece which teaches entrepreneurship in disadvantaged schools and a member of the Board of the Hellenic Federation of Enterprises (SEV) where he heads the Innovation Committee. He is a board member of the Foundation for Economic and Industrial Research (IOBE), Endeavor and diaNEOsis. In 2013 he has been awarded the EY Greek “Entrepreneur of the Year” award. He holds a BA from the University of Warwick and an MPhil from Oxford University.


Board of Directors Committees

Pursuant to the provision of article 192 par. 2 (s) of Law 4389/2016 and the decision of the Board of Directors dated 03.03.2017, the following Committees have been established:

The Audit Committee is a committee of the Board of Directors, to which it reports.

It is composed by at least three independent non-executive members of the Board of Directors, one of whom is appointed as chairperson. The Committee as a body has the required skills and knowledge to fulfil its responsibilities, while at least one of its members has adequate auditing and accounting expertise and experience. The term of office of the members of the Audit Committee coincides with their term of office as members of the Board of Directors, and in any case it cannot exceed 12 years.

The Audit Committee’s main aim is to support the Board of Directors in its duties pertaining mainly to the following:

  • Monitoring the adequacy of the Systems of Internal Control and Risk Management and of the process to ensure compliance with laws and regulations.
  • Reviewing the process of financial reporting and ensuring the integrity of financial statements.
  • The selection procedure, as well as the monitoring of the performance and ensuring independence of the External Auditors.
  • Monitoring the effectiveness and performance of the Internal Audit Unit.

 


Audit Committee Terms of Reference

It is composed by three members of the Board of Directors with knowledge of investment issues. The Investment Committee operates within the framework set out in the provisions of article 200 of Law 4389/2016, but also in accordance with any specific provisions of the Investment Policy that will be part of the Company’s Internal Regulation.

It is composed by three members of the Board of Directors with knowledge of investment issues. The Investment Committee operates within the framework set out in the provisions of article 200 of Law 4389/2016, but also in accordance with any specific provisions of the Investment Policy that will be part of the Company’s Internal Regulation.

It is composed by three members of the Board of Directors. Its object is to monitor the implementation and compliance of the Company’s officers, executives and employees with the rules of corporate governance, transparency and supervision, according to the Company’s Internal Regulations, the decisions of its bodies, the legislative framework and the best international practices as well as the OECD Guidelines and to submit relevant reports to the Board in view of both the Board’s obligation to submit quarterly reports on the compliance with the rules of corporate governance in accordance with the provisions of article 192 par. 2 of Law 4389/2016 as well as for the undertaking of the appropriate measures to ensure the Company’s compliance with the principles of corporate governance, transparency and supervision, in accordance with the provisions of article 192 par. 2 (i) of Law 4389/2016.

The term of office of members of the Corporate Governance Committee is equal to the term of office of the members of the existing Board of Directors and, if otherwise provided in the Internal Regulation, the provisions of the latter will prevail.

Pursuant to the provisions of article 197 par. 4 law 4389/2016, as amended by law 4512/2018, the Board of Directors of the Company has established a Committee for the Designation of Candidates (for other Subsidiaries), consisting of its members.

The maximum number of members of the Candidate Committee is five and includes the executive members and non-executive members of the Board of Directors with experience in the management of State Owned Enterprises or experience in sectors where the Company has a presence through the other subsidiaries or experience on other matters as deemed necessary, in line with the provisions of the Internal Regulation.

Its objective is to propose to the Board of Directors the nomination of members for appointment to the BoDs of the other subsidiaries wherever this is required. The procedure followed by the Candidate Committee is analyzed in the Internal Regulation.

The term of office of the members of the Candidate Committee is equal to the term of office of the members of the existing Board of Directors, and, if otherwise provided in the Internal Regulation, its provisions will prevail.

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