ANNOUNCEMENT: Change of baton in Andromeda
The Company ALPHA TRUST-ANDROMEDA INVESTMENT TRUST S.A. informs the investors about the decision of the Board of Directors to propose Mr. Vassilis Kletsas to the Ordinary General Meeting of Shareholders of Andromeda, on 03/05/2022, to take on as new CEO, Mr. Kletsas, with more than three decades of experience in the field, has been, among other, the CEO of DIAS and Global investment trust companies.
The outgoing CEO Mr. Kostas Tzinieris stated: "After 22 years at the wheel of the only trust company in the country, and sixty years of work, it is time to leave. During my tenure the company faced good and bad times but thanks to its people and the support of its shareholders it managed to cope well. I am sure that Vassilis' skills and experience will lead our company to even better results".
Mr. Kletsas stated: "The proposal to take over the management of the only investment trust company in Greece is a great pleasure and honor. I have always believed that investment trust companies have an advantage in fund management due to the closed-end type and the long-term horizon that characterizes them. Andromeda has proven it in the long run. I want to thank Kostas Tzinieris and his team for their excellent work and I believe that we will continue their work successfully".
Mr. Kostas Tzinieris will continue to perform the duties of the CEO, until his replacement.
Note: Mr. Vassilis Kletsas holds a degree in Economics (McGill University, Montreal, Canada) and a postgraduate degree in Monetary Economics (Queen Mary College, London, England). He has been the CEO of the companies Global New Europe Fund AEEX, and DIAS AEEX, he has been a member of a number of investment committees and Head of the Market Analysis and Communication Unit at HELEX. He is a certified analyst and investment manager by the Hellenic Capital Market Commission (D) and certified in ESG Investing by the CFA Institute.