ATHENS — Greece’s Eurobank Ergasias SA announced changes to its management team late Sunday, after the lender’s chairman and chief executive officer had resigned.
According to a statement, the country’s third largest lender EUROB, +18.18% announced that former deputy chief executive officer Nikos Karamouzis will be named as the new chairman. Karamouzis will succeed former chairman Panayotis-Aristidis Thomopoulos.
Fokion Karavias, a general manager, will be named as the bank’s new CEO, after Christos Megalou’s decision to accept a position at Fairfax Financial Holdings Ltd. FFH, +0.99% The Toronto-based fund holds a 13.6% stake in the Greek bank.
All other board positions remained unchanged.
“Under this new leadership, Eurobank can continue to play a pivotal role in the Greek banking sector, providing value to the Greek economy, the bank’s customers and its shareholders,” Prem Watsa, chairman and CEO of Fairfax, said in a statement.
