News
February 5, 2025

Growthfund announces the appointment of new CEO

The Corporate Governance Council (CGC) of the Growthfund (Hellenic Corporation of Assets and Participations S.A.), according to its mandate, has taken on February 5th a decision regarding the appointment of the Chief Executive Officer (CEO) of the corporation. The CGC has selected Mr. Ioannis Papachristou as the future CEO of the Growthfund for a four-year term commencing on the 4th of March 2025.

That decision is the outcome of the open process for the renewal or replacement of the current CEO launched with the request for candidates made public on 29th of November 2024.

The CGC strongly believes Mr. Papachristou will be able to lead the Growthfund alongside the transformation and performance agenda designed under the Strategic plan submitted by the Board of Directors of the company to the Greek Government in November 2024 and approved accordingly. The CGC is of the opinion that under Mr. Papachristou leadership and building on the existing framework the Growthfund will fully deliver in terms of value creation and contribution to growth in Greece.

Mr. Papachristou has served as Senior Executive in large international corporations with proven track record of successful leadership and solid business and managerial experience both in Greece and abroad. More specifically, he has served as: CEO, ANTENNA GROUP (2022 – to Date); Deputy CEO, CHIPITA GROUP (2020 – 2022); Country manager, COCA COLA HBC Greece and Cyprus (2016 -2020); Commercial General Manager COCA COLA HBC Russia (2014 –  2016); General manager, L’OREAL market division – Hungary, Greece, Russia (2006 – 2013); Marketing Director, L’OREAL HELLAS (2000 – 2003) and for the Europe zone (2004 – 2006); Marketing, JOHNSON & JOHNSON HELLAS (1995 – 2000).

He holds a degree in Chemical engineering from the National Technical University of Athens, NTUA (Ethniko Metsovio Polytechnio), and an MBA from the University of Geneva. He is an Alumni member of INSEAD. He is currently elected as president for the Greek Association for Chief Executive Officers (ACEO).

As Gregory D. Dimitriadis’ mandate comes to its term, the CGC would like to warmly and sincerely acknowledge his strong and transformational leadership as CEO of the Growthfund. He has served with commitment and dedication, shaping a bold vision for the transformation of HCAP to a Sovereign Wealth Fund with international recognition. He has been outstandingly efficient in developing the active shareholder concept for HCAP, successfully managing key transformations of companies in the portfolio, succeeding in the addition of new subsidiaries, and timely completing the absorption of the Hellenic Republic Asset Development Fund (HRADF) and the Hellenic Financial Stability Fund (HFSF). He also pursued the establishment of a new investment fund to attract FDI in Greece. The CGC also recognizes his strong skills in governance and stakeholder management.  CGC wishes him the very best in his future endeavors.