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.

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

Board of Directors

Non-executive Chairman of the Board of Directors

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).

Chief Executive Officer and Executive Member of the Board of Directors

Gregory D. Dimitriadis

Chief Executive Officer and Executive Member of the Board of Directors

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 has been a non-executive member of the Board of Directors of PPC S.A. since June 2022. 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/

Deputy CEO and Executive Member

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.

Non-executive Member

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.

Non-executive Member

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.

Non-executive Member

Adamantini (Dina) Lazari

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.

Non- executive Member

Dimitrios Makavos

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.

Non- executive Member

Alexandra Konida

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.

Non- executive Member

Elena Papadopoulou

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.