Board of Directors

Responsibility & Consistency

The Board of Directors of Growthfund dutifully fulfils its role by exercising responsibility and adherence. It implements the strategic directives of the Sole Shareholder, the Greek State, with the aim of creating value for citizens while supporting the green transition and the sustainable future of the economy.

As the company’s crucial third organ, the Board possesses the powers and authorities specified in Article 192 of Law 4389/2016. Its members are elected by the Supervisory Board and consist of five (5) to nine (9) individuals who serve a four-year (4) term. The Board makes decisions on all matters pertaining to the company’s management, except for those falling under the jurisdiction of the Supervisory Board or the General Assembly.

The Board assumes responsibility for accomplishing Growthfund’s statutory objectives, providing guidance and strategic policies toward that end, while fostering an enabling environment for its operations.

The Board of Directors possesses decision-making authority on all matters concerning the management of the company, except those explicitly designated to the Supervisory Board or the General Assembly as stipulated by the law.

The inaugural Board of Directors of Growthfund (Hellenic Corporation of Participations and Assets) was established as a collective entity on February 16, 2017.

All non executive members are independent according to the independence criteria applicable for listed companies (law 4706 /2020).

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

Board of Directors

Independent Non-Executive Member - Chairman of the Board

Stephanos Theodorides

Independent Non-Executive Member - Chairman of the Board

Mr. Stephanos Theodorides is an experienced professional executive with a 40-year career, 30 of which serving in top management positions. From 2012 to the end of 2023, he served as the Managing Director of TEMES SA, one of the biggest hospitality and real estate developers in Southeastern Europe. Prior to that, between 2006 and 2011, he was the Chief Executive Officer in Regency Entertainment SA. Prior to Recency Entertainment, Mr. Theodorides was Regional Managing Director at Southeast Europe of DIAGEO SA, the Global Leader of Premium Alcoholic Beverages, covering 18 countries. Mr. Theodorides has also chaired or participated in various Boards either with an executive or non-executive function, in Greece and abroad and served as a Board member in the Boards of PPC, Giochi Preziosi SA and IOBE. Mr. Stephanos Theodorides holds a BSc degree in Mathematics from the University of Athens and has attended Executive Development Programs in the London Business School and INSEAD Business School.

Executive Μember - Chief Executive Officer

Yannis Papachristou

Executive Μember - Chief Executive Officer

Yannis Papachristou holds a degree in Chemical Engineering from the National Technical University of Athens (NTUA) and a Master’s in Business Administration (MBA) from the University of Geneva. He began his professional career in 1996 in the Marketing department of Johnson & Johnson Hellas, where he progressed to the role of Marketing Manager. In 2000, he assumed the position of Marketing Director at L’Oréal Hellas, before relocating to the company’s global headquarters in Paris, where he served as Marketing Director – Europe Zone 10. From 2006 to 2013, he was General Manager of L’Oréal Mass Market Division across three countries: Hungary, Greece, and Russia. In 2014, he joined Coca-Cola HBC Russia assuming the position of Commercial General Manager and, in 2016, returned to Greece as Country Manager for Greece and Cyprus at Coca-Cola 3E. In 2020, he moved to Chipita, where he took on the role of Deputy CEO of the Group. From October 2022 to February 2025, he was CEO of the ANTENNA Group. He is President of the Board of Directors of EASE.

As of March 2025, he serves as CEO and Executive Board Member of Growthfund.

Executive Μember - Deputy CEO

Panagiotis Stampoulidis

Executive Μember - Deputy CEO

Panagiotis Stampoulidis has served as Executive Board Member and Executive Director of HRADF, as well as Head of PPF (2021 – present); Interim Chief Executive Officer of HRADF (2021); Secretary General for Trade and Consumer Protection (2019-2021); COO of Garnet Mediterranean Project SA (2018-2019); Group Director of Business Development at Megas Yeeros LLC (2016-2019); Chief Executive Officer of CMFO SA (2011-2016); and Food Science Consultant for various companies (2011-2016). Additionally, he is a Board Member of the Thessaloniki Port Authority (Audit Committee Member) and Chairman of the Alexandroupolis Port Authority.

Independent Non-Executive Member

Spyros Lorentziadis

Independent 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.

Independent Non-Executive Member

Adamantini (Dina) Lazari

Independent Non-Executive Member

Adamantini (Dina) Lazari has a long experience in both the private and the public sector and proven expertise in multinational negotiations. She serves currently as an Independent Non – Executive Board member of listed companies Intracom Holdings and Intralot SA. In both companies, she is a member of the Audit Committee and the Chair of the Nomination and Remuneration Committee. She serves also as a Senior Advisor to the Board of Domius Capital Advisors LLP and Chair of the Investment Committee of the Economists Professional Fund.
In the past, she has served as Deputy Governor/Executive Vice-Chairwoman of the Board of Directors of Agricultural Bank of Greece and as Senior Advisor to the management at Emporiki (Commercial Bank of Greece). Ms. Lazari has also served as Board member in various companies and organizations (ATHEX Group, Selonda fisheries, Perseas/fish feed and Hellenic Sugar Industry S.A, etc). In the public sector, she has served as Advisor to the Economic Office of the Prime Minister (1983 -1989 and 1994 – 1999) and member of various inter-ministerial committees on public policy and economic issues.
Dina Lazari holds a Bachelor in Economics from the Economic University of Athens and a Master’s of Science in Industrial Relations and Personnel Management from the London School of Economics.

Independent Non-Executive Member

Dimitrios Makavos

Independent Non-Executive Member

Dimitrios Makavos has been working as a senior Manager in various Multinational Companies in Europe, Asia and the USA. Today he is the Regional Director of “Chipita LLC” responsible for Russia and the Former Soviet Republics. Prior to that, he has held various positions in Coca-Cola Hellenic in Greece and Russia including that of the General Manager for Olympic Games Sochi 2014. Before that, he was the Regional Director of “Singer Sewing Machines Co” for Central & Eastern Europe and the Regional Director of “Cussons Imperial Leather Toiletries LTD” for Singapore, Hong Kong and South China.
Dimitrios Makavos holds a BSc Degree in Public Administration and Political Science from Panteion University in Athens, a Business Administration Degree (M.B.A) from Wagner College in New York and a Post Masters’ Degree in International Marketing from Pace University in New York. He speaks English, French and Russian.

Independent Non-Executive Member

Alexandra Konida

Independent Non-Executive Member

She has more than 25 years combined experience in corporate and investment banking, as well as in CFO and Treasurer positions in large industrial companies in the private and public sector. She has served as Group CFO in Public Power Corporation and was a member of the Board of Directors of Group’s subsidiaries outside Greece. She has worked for more than 15 years in senior positions in the corporate and investment banking division of international financial institutions (Citigroup, Bank of America and HSBC) and she is currently Managing Director at HSBC Continental Europe, Head of Global Banking Greece.

She is a founding member of the Non-Executive Directors’ Club Greece, member of the Women in Business Committee of the American-Hellenic Chamber of Commerce and member of the Board of the INSEAD National Alumni Association in Greece.

Alexandra Konida holds a Diploma in Electrical and Computer Engineering from the National Technical University of Athens and an MBA degree from INSEAD.

Independent Non-Executive Member

Elena Papadopoulou

Independent Non-Executive Member

Elena Papadopoulou is the Chief Human Resources Officer (CHRO) of the OTE group. Concurrently she serves as Vice Chairman of the OTE Academy and the COSMOTE Technical Services, as well as a Board member in COSMOTE TV, GERMANOS and COSMOTE E-value. She has long professional experience in management board positions (CxO) in multinational companies of different business sectors. Before joining the OTE group, she had served as HR Director in companies such as Praktiker Hellas S.A, Mercedes Benz Hella S.A, P. N. Gerolymatos. She has also worked for Kraft Foods International as HR manager and prior to that at Shell Hellas S.A in various positions in Finance. She has long experience and specialization in Human Resources management, as well as in business transformation and restructuring for enhancing performance, productivity and consumer services.

Elena Papadopoulou holds a degree in Business Administration and Finance from Deree College and professional certifications from Harvard Business School, Stanford Univ., and London Business School.

GrowthFund
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