The main role of the Board is to determine the Group’s long-term objectives, strategy and risk appetite; provide entrepreneurial leadership; set the company’s values and standards; assess the principal risks facing the Group and ensure the establishment and operation of effective internal control and risk management systems.
The composition of our Board of Directors ensures appropriate balance of skills, experience, independence and knowledge of the company.
Composition of the Board
The following rules govern the composition of the Board:
The roles of Chairman and CEO should not be exercised by the same person;
Excluding the Chairman, at least one-half of all directors should be independent;
Conforming with the above rules, the roles of Chairman and CEO at TITAN are not held by the same person and a clear division of the responsibilities of the two roles is expressly set out in the company’s Internal Regulation and agreed by the Board.
The majority of directors, namely eight out of 15, are non-executive directors and seven of them are independent directors.
The role of non-executive directors is to constructively challenge and help develop proposals on strategy, scrutinize the performance of management against agreed goals and objectives, and monitor the reporting of performance.
Non-executive Member of the BoD since 17 June 2016. Independent, non-executive Member of the BoD from 2010 to 2016 (2 terms). Member of the Nominations and Corporate Governance Committee.
Born in 1951 in Alexandria, Egypt, Mr. Arapoglou has held a number of senior positions in international investment banks in London (1977-1991) and management positions in Greek banks and subsidiaries of international banks in Greece (1991-2000). He has served as Managing Director and Global Head and Securities Industry of Citigroup in London (1999-2004) and Chairman and Managing Director of the National Bank of Greece (2004-2009). He was elected to the position of Chairman of the Hellenic Bank Association (2005-2009) and has served as Managing Director of commercial banking and as an executive member of the Board of Directors of the investment group EFG – Hermes Holding SAE (2010-2013).
He is currently serving as Chairman and non-executive director of the Board of Directors of Tsakos Energy Navigation (TEN) LIMITED, a company listed on the New York Stock Exchange, as non-executive director of EFG Hermes Holding SAE, listed on the Cairo and London stock exchanges, and as non-executive director of Credit Libanais SAL and of Bank Alfalah, listed on the Karachi stock exchange, representing the International Finance Corporation (IFC) on the Bank’s Board.
He holds degrees in Mathematics, Naval Architecture and Business Administration from Greek and British universities.
Executive Member of the BoD since 24 June 1992. Chief Executive Officer since 1996.
Born in 1962 in Athens, Greece, Mr. Papalexopoulos started his career as a business consultant at McKinsey & Company Inc. in the USA and Germany. Subsequently, he joined TITAN in 1989.
He is Vice-Chairman of the Board of the Hellenic Federation of Enterprises (SEV), and a member of the Board of the Foundation for Economic and Industrial Research (IOBE), the Hellenic Foundation for European and Foreign Policy (ELIAMEP) and the European Round Table for Industrialists (ERT).
He holds an MSc in Electrical Engineering from the Swiss Federal Institute of Technology (ETHZ-1985) and an MBA from Harvard Business School (1987).
TITAN Group CFO Executive Member of the BoD since 12 January 2016. TITAN Group CFO and Senior Strategic Advisor since 2014.
Born in 1954 in Nicosia, Cyprus, Mr. Colakides started his career at Citibank Greece as Head of Corporate Finance and Local Corporate Banking (1979–1993). In 1993 he was appointed executive Vice Chairman at the National Bank of Greece and Vice Chairman at ETEBA Bank S.A.
From 1994 to 2000, he served as CFO of TITAN Group and was also responsible for a number of acquisitions in Southeastern Europe and the US. He also served as an executive director on the Board of Directors of the company (1998-2001).
From 2000 to 2007, he served as Vice Chairman and Managing Director of Piraeus Bank S.A., overseeing the domestic Wholesale and Retail Banking business as well as the group’s International network and activities. From 2007 to 2013 he was Deputy Chief Executive Officer – Group Risk Executive of EFG Eurobank Ergasias S.A.
He is a member of the Board of Directors of EUROBANK CYPRUS Ltd.
He holds a BSc in Economics from the London School of Economics and an MBA from the London Business School.
Independent Non-executive Member of the BoD since 14 June 2013 (2nd term). Chairman of the Audit Committee.
Born in 1950 in Larnaka, Cyprus, Mr. Constantinou started his career at Price-Waterhouse (1975-1985). Thereafter, he joined the management team of the Hellenic Bottling Company (3E), where he was appointed Finance Director of the Industrial Division of the Group (1992-1995) and later Deputy Chief Financial Officer of the Group (1995-1996) and Chief Financial Officer (1996-2000).
He served as Managing Director of Frigoglass S.A.I.C. from 2001 to 2003 and as Managing Director of the Coca-Cola Hellenic Group from 2003 to 2011.
He studied economics at the University of Piraeus, graduating in 1974 with a major in Business Administration.
Independent, Non-executive Member of the BoD since 17 June 2016 (1st term) Chairman of the Remuneration Committee. Member of the Nominations and Corporate Governance Committee.
Born in 1960 in Athens – Greece and she had a long career in Unilever where, among other positions, she held the position of Executive Vice Chairman and CEO for Greece and Cyprus (2010 – 2018). She was also Executive Vice President Unilever Food Solutions for Latin America, South and East Europe, Russia, Turkey and Israel.
She is independent non-executive director of the Hellenic Corporation of Assets and Participations S.A. (HCAP S.A.), Co – Chairman of the Global Alumni Board of the American College of Greece and Mentor for matters of female entrepreneurship.
She holds a BA (Hons) in Marketing & Management from Deree, The American College of Greece and an MSc in International Relations and Personnel Management from the London School of Economics and Political Science.
Independent, Non-executive Member of the BoD since 17 June 2016 (1st term). Member of the Remuneration Committee.
Born in 1962 in Athens, Greece, Mr. Macridis is the Chairman and CEO of Chryssafidis S.A., a construction materials distribution company founded in 1882 and operating in the Balkans and Africa.
He is a member of the Board of Aegean Airlines, IOBE, the American College of Greece and the ALBA Graduate Business School.
He is currently the General Secretary of the Federation of Greek Industries (SEV) and serves on the Yale President's Council on International Activities. He holds a BA in Economics and Political Science from Yale College, a JD from Yale Law School and an MBA from Harvard Business School.
Independent, Non-executive Member of the BoD since 14 June 2013 (2nd term). Chairman of the Nominations and Corporate Governance Committee.
Born in 1960 in Athens, Greece, Mrs. Mirasyesi- Bernitsa is a qualified lawyer and a member of the Athens Bar Association. She is also a Partner in the Bernitsas Law Firm.
She has worked as a legal advisor at the Special Legal Service of the Ministry of Foreign Affairs (1986-1987) and at the Department of Political Science and Public Administration of the University of Athens (1985-1990). She has also served as a member of the Board of Directors of St. Catherine’s British School (2009-2017).
She holds a bachelor’s degree from the University of Athens School of Law and a Master’s degree (LLM) in European Law from the London School of Economics.
Independent, Non-executive Member of the BoD since 17 June 2016 (1st term). Member of the Audit Committee.
Born in 1952 in Athens, Greece, Mrs. Papadopoulou is the Chairman and CEO of E.J. Papadopoulos S.A., Biscuit & Food Products Manufacturing Company, founded in 1922. She also holds the position of Chairman and Managing Director of Greek Food Products S.A. and ΙΚΕ Akinita S.A.
She studied food chemistry in England.
Executive Member of the BoD, Group Strategic Planning Executive Director
Executive Member of the BoD since 23 May 1995. Group Strategic Planning Executive Director since 1997.
Born in 1966 in Athens, Greece, Mrs. Papalexopoulou - Benopoulou worked from 1992 to 1997 as a senior officer in the Titan Group Exports Division. Previously, she had worked for the OECD and the consultancy firm Booz Allen Hamilton in Paris.
She served as a member of the Board of Directors of the National Bank of Greece from 2010 to 2015, of Frigoglass from 2003 to 2015 and of Emporiki Bank from 2007 to 2009.
She is a member of the Board of Directors of Coca-Cola HSC AG, of the Paul and Alexandra Canellopoulos Foundation and of the ALBA Graduate Business School. She is also serving as trustee at The American College of Greece.
She holds a Bachelors of Arts (BA) degree in Economics from Swarthmore College, USA and a Masters in Business Administration (MBA) From INSEAD Fontainebleau, France.
Independent, Non-executive Member of the BoD since 2010 (3rd term). Member of the Remuneration Committee.
Born in 1946 in Athens, Greece, Mr. Sabatacakis held the position of Chief Risk Manager at Citigroup Inc. from 1999 to 2004. He was also a member of the Management Committee and Director of Citicorp and Citibank, N.A. From 1992 to 1997, he was in charge of the financial services subsidiaries of the American International Group, its treasury operations, as well as the market and credit risk activities. He was a member of the executive committee and partner at C.V. Staar. He has also worked at Chemical Bank (now J.P. Morgan Chase). He has served as Chairman of Plan International and Childreach International (non-profit organizations), as a trustee of Athens College in Greece, and as Chairman of the Gennadius Library.
He has earned three degrees from Columbia University: a Bachelor’s degree (BSc), a Master’s degree in Business Administration (MBA) and a PhD in Economics.
Independent, Non-executive Member of the BoD since 14 June 2013 (2nd term). Member of the Audit Committee.
Born in 1964 in Thessaloniki, Greece, Mr. Sakellaris is Professor of Economics and Finance at the Athens University of Economics and Business. He was Vice President of the European Investment Bank (2008-2012). Prior to joining the EIB, he held the position of Chairman of the Council of Economic Advisers at the Greek Ministry of Economy and Finance, representing Greece in the Economic and Financial Committee of the European Union, and acted as Deputy to the Finance Minister at the Eurogroup and ECOFIN Councils, as well as Alternate Governor for Greece at the World Bank. He has also served as a member of the Board of Directors of the National Bank of Greece and of the Greek Public Debt Management Agency.
He has taught at the Department of Economics of the University of Maryland and at other universities, and has worked as an Economist at the Federal Reserve Board and as a Visiting Expert at the European Central Bank (ECB).
He serves as non-executive director on the Board of Hellas Capital Leasing S.A. and Credit M S.A.
He holds a BA degree in Economics and Computer Science from Brandeis University and a PhD in Economics from Yale University.
Non-Executive Director since 14 September 2018
Executive Director from 15 June 2011 to 14 September 2018
Group’s advisor on matters of Strategy and Sustainable Development.
Served as an Independent Non-Executive director from 2004 to 2011.
Born in 1954 in Washington, D.C., Mr. Vidalis worked for Owens Corning in the USA from 1981 to 1998 and from 1994 to 1998 he served as Chairman of the global activities of Synthetic Materials (Composites) and Insulation Materials consecutively.
He held the positions of Chief Executive Director (2001-2011) and Chief Operating Officer (COO) (1998-2001) at S&B Industrial Minerals S.A. and served as a member of the company’s Board of Directors for 15 years.
He is a member of the Board of Directors of Alpha Bank and of Future Pipe Industries in Dubai.
He served as Vice Chairman of the Hellenic Federation of Enterprises (SEV) from 2010 to 2014, as General Secretary of SEV from 2014 to 2016 and as Chairman of the Federation’s Committee for Sustainable Development from 2008 to 2016. From 2005 to 2009, he served as Chairman of the Greek Mining Enterprises Association (SME).
He holds degrees in Political Science (BA) and Business Administration (MBA) from Harvard University.
Executive Member of the BoD, USA Region Executive Director
Executive Member of the BoD since 14 June 2013. Director USA Region.
Born in 1961 in Athens, Greece, Mr. Zarkalis served as Chief Financial Officer (CFO) of the TITAN Group from 2010 to 2014 and as Executive Director for Business Development and Strategic Planning from 2008 to 2010.
For 18 years, he held a number of global business leadership positions in the USA and Switzerland with Dow Chemical Co. Among others, he served as Vice President of Dow Automotive, Business Director for Specialty Plastics & Elastomers and Business Director for Synthetic Latex.
He holds a Bachelor’s degree in Chemical Engineering from the National Technical University of Athens (1985) and a Master’s degree (MSc) from Pennsylvania State University (1987).