Mutual Agreement to terminate the Employment Agreement of Mr Ioannis Matsis, Chief Executive Officer of Hellenic Bank Public Company Limited and Resignation from the Board of Directors
1 September 2020
Following the announcement of Hellenic Bank Public Company Limited (the “Bank” or the “Group”) dated 27th August 2020, the Bank announces that the Employment Agreement of Mr Ioannis Matsis, Chief Executive Officer of the Group, has been mutually agreed to be terminated with immediate effect.
The Bank will commence the process to fill the position of the Chief Executive Officer. In the meantime, the duties of the Chief Executive Officer will be officiated by Mr Phivos Stasopoulos, General Manager, Business.
Mr Ioannis Matsis has also resigned as Executive Member of the Board of Directors of the Bank. Please find attached the relevant declaration pursuant to section 135(2) of the Cyprus Securities and Stock Exchange Laws.
The Board of Directors would like to sincerely thank Mr Matsis for his services to the Group in the past three years and to the Board since December 2013.
HELLENIC BANK PUBLIC COMPANY LIMITED