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The Board of Directors (BoD) of National Bank of Greece is composed of eminent members of the international business community and society. 

The Board of Directors of the Bank has been elected by the Annual General Meeting of Shareholders on 26.07.2018, with a three-year term, i.e. through to the AGM of 2021, while the said AGM appointed five (5) out of a total of eleven (11) Board members as independent non-executive members, and three (3) as non-executive. On the same day, the Board of Directors convened and decided on its constitution into a body.

The Annual General Meeting of Shareholders of the National Bank of Greece which was held on 31.07.2019, resolved upon the increase of the number of Board members by two (2), so that the total number of Board members shall be thirteen (13), and elected six (6) new Members, four (4) of which were appointed by the AGM as Independent Non–Executive Board members. On the same day, the Board of Directors convened and decided on its constitution into a body, in line with the law and the Bank's Articles of Association.

During the Board of Directors session held on 29.8.2019, the resignation of Mr. John McCormick from the position of Independent Non-Executive Board Member was announced. 

The current composition of the Board of Directors of the Bank is the following:

Mr. Costas Michaelides was appointed Chair of the BoD (non-executive), Mrs. Aikaterini Beritsi was appointed Vice-Chair of the BoD (non-executive), Mr. Paul Mylonas was appointed Chief Executive Officer and Mr. Dimitrios Kapotopoulos and Mrs. Christina Theofilidi, were appointed as Executive Members. Furthermore, Independent Non-Executive Members of the BoD are the following: Mr. Gikas Hardouvelis - Senior Independent Director, Mr. Claude Piret, Mr. Andrew McIntyre, Mr. Avraam Gounaris, Mr. Wietze Reehoorn, Mrs. Elena Ana Cernat and Mr. Periklis Drougkas as representative of the Hellenic Financial Stability Fund.

In 2019 the BoD convened 25 times.

In 2019 the Board's Committees convened a total of 78 times.

The current composition of the Bank's Board of Directors is as follows:

 

 

Chair of the Board (Non Executive)

Costas   Michaelides

Tenure Start Date:27/12/2017
Tenure End Date:2021
Nationality:Cypriot
Year of birth:1949
Member In Companies:No
CV

Mr. Costas Michaelides possesses excellent experience of over 30 years in international banking, having served in a number of prominent managerial positions in international credit and financial organisations.

He was appointed as Non-Executive Chairman of the Bank's Board of Directors in December 2017.

During the period 2013-2015 he served as Global Head of Strategic Change at UBS A.G., while from 2005 to 2013 he was Regional Chief Operating Officer at Credit Suisse A.G. Prior to that, he served as Chief Operating Officer and Managing Director and Head of European Finance, Administration and Operations, Managing Director at Credit Suisse First Boston (2000-2005), Chief Operating Officer and Managing Director at Donaldson, Lufkin & Jenrette U.K. (1999-2000) and Chief Financial Officer (1988-1994) and Chief Administrative Officer (1994-1999) at Merrill Lynch U.K. He has also been Treasurer at Salomon Brothers U.K. (1986-1988) and has served in various positions at ExxonMobil, including as Treasurer and as Financial Analyst.

Mr. Michaelides holds an MBA in Finance from Columbia Business School, a Doctorate in Economics and International Affairs from the University of Denver, and a BA in Economics and Political Science from Ripon College.

 

CEO (Executive Member) 

Pavlos   Mylonas

Chairman of the Executive Committee

Tenure Start Date:26/06/2014
Tenure End Date:2021
Nationality:Greek
Year of birth:1958
Member In Companies:No
CV

Pavlos Mylonas was appointed Chief Executive Officer of National Bank of Greece in July 2018. He joined NBG in 2000 and served, inter alia, as Deputy CEO, CRO and Head of Strategy.

He worked on the staff of the OECD from 1995 to 2000, and at the International Monetary Fund from 1987 to 1995. In the years 1985-1987, he was visiting Assistant Professor at the Department of Economics in Boston University.

He holds a Bachelor of Science in Applied Mathematics-Economics (Magna cum Laude and Phi Beta Kappa) from Brown University, as well as a Master of Arts and a Ph.D. in Economics from Princeton University.

 

Executive Members 

Christina   Theofilidi

Member of the Executive Committee

Tenure Start Date:31/07/2019
Tenure End Date:
Nationality:Greek
Year of birth:
Member In Companies:No
CV

Mrs. Christina Theofilidi was elected Executive Board Member in July 2019.

She was appointed as General Manager of Retail Banking and Member of the Executive Committee of NBG in December 2018. Currently, she also serves as a Non-Executive Member at the Board of Directors of Ethniki Hellenic General Insurance S.A.

Mrs. Theofilidi started her career in the banking sector in 1988 working for Societe Generale. Following her MBA, she joined Citibank for six years, holding positions in Marketing and Branch Network.

In 1997, she joined Eurobank and held various senior positions in Retail Banking. From Commercial Manager of Eurobank Cards S.A., Assistant General Manager of International Activities and General Risk Manager of Eurobank Household Lending S.A. until 2013 when she became the Managing Director of the same subsidiary company. In 2014, she joined the newly founded Troubled Assets Group and held the position of Retail Remedial General Manager. Between September 2016 and December 2018 she served as Retail Products General Manager and Individual Banking General Division General Manager.

Mrs. Theofilidi holds an MBA Degree from INSEAD (European Institute of Business Management) and a Bachelor's Degree with a double major in Economics and Psychology from Swarthmore College of Pennsylvania, USA.

Independent Non-Executive Members

Gikas   Hardouvelis (Senior Independent Director)

Tenure Start Date:31/07/2019
Tenure End Date:
Nationality:
Year of birth:
Member In Companies:No
CV

Professor Gikas Hardouvelis was appointed as Independent Non-Executive Director – Senior Independent Director of the Board of Directors in July 2019.

Professor Hardouvelis holds vast experience in Banking and Financial Management, he has a long-standing career in economic research, while he additionally possesses experience in senior government positions and has continuously interacted with the investor universe, both Greek and international.

In the past prof. Hardouvelis has served, among others, as a member of the Board of Directors of National Securities S.A., Athens Derivatives Exchange, Foundation for Economic & Industrial Research and as a member of the Scientific Council of the Hellenic Bank Association, as well as a member of the European and Monetary Affairs Committee of the European Banking Federation.

Currently, Professor Hardouvelis is First Vice President of the Board of Directors and member of the Executive Committee of the Foundation of Economic and Industrial Research (IOBE), the Board of Trustees of Anatolia College, the Board of Directors of Multinational Finance Society, the Academic Council of Cyprus International Institute of Management, while he is a Professor at the Department of Banking and Financial Management at the University of Piraeus and a Research Fellow at the Centre for Economic Policy Research, London.

He holds a B.A. (Magna cum Laude) and a M.Sc. in Applied Mathematics from Harvard University, as well as a Ph.D. in Economics from the University of California, Berkeley.

Anne Marion   Bouchacourt

Tenure Start Date:01/04/2020
Tenure End Date:
Nationality:
Year of birth:
Member In Companies:2
CV

Mrs. Anne Marion-Bouchacourt was appointed as Independent Non-Executive Member of the Board of Directors of the National Bank of Greece in April 2020.

During her long career, she has served in various positions, gaining extensive expertise in the fields of human resources and culture, accounting and financial auditing, and having considerable experience in strategy, organization and business transformation.

Mrs. Anne Marion-Bouchacourt possesses significant experience in the banking sector and has served in high-ranking positions in international financial organisations and firms. Among others, she has served as senior executive at Societe Generale Group for over 15 years, in particular, as Group Chief Country Officer for China (2012 – 2018), as Senior Executive Vice President, Corporate Human Resources (2006 – 2012), and she has also worked as an auditor (1981 – 1986) and as a consultant (1986 – 1999) with PricewaterhouseCoopers (PWC), having been appointed Director in PWC's Financial Services sector, while she had additionally been a consultant in strategy and organization at Solving International (2002 – 2004) and at Gemini Consulting (1999 – 2002).

She currently serves as Societe Generale Group Country Head for Switzerland and CEO of Societe Generale Zurich, as Non-Executive Member at Credit du Nord, as well as an Independent Non-Executive Member at Ipsos.

Mrs. Marion-Bouchacourt graduated from the École Supérieure de Commerce de Paris (ESCP), she holds a post-graduate diploma in Finance from the Paris Dauphine University and is a Chartered Accountant.

Claude   Piret

Tenure Start Date:02/11/2016
Tenure End Date:
Nationality:Belgian
Year of birth:1951
Member In Companies:
CV

Mr. Claude Piret has been member of the Board of Directors of National Bank of Greece since November 2016. Mr Piret possesses extensive experience in the international financial sector, having a career of over 35 years in international banking institutions. He has served in high-ranking positions for a number of years at Dexia Group, and has extensive experience in audit and in the areas of risk management and management of non-performing loans.

Mr Piret holds a Diploma in Civil Engineering from The Université catholique de Louvain (Belgium) and a post-graduate degree in Management (Finance) from The Université libre de Bruxelles (ULB) -Solvay Institute.

 

 

Avraam   Gounaris

Tenure Start Date:31/07/2019
Tenure End Date:
Nationality:
Year of birth:
Member In Companies:
CV

Mr. Avraam Gounaris was appointed as Independent Non-Executive Director of the Board of Directors in July 2019.

Mr. Gounaris has held several senior positions in both the public and private sectors and has diverse managerial experience with an emphasis on restructuring and transition management and is considered an expert in multiple stakeholder management.

Currently, Mr. Gounaris is an executive member of the Board of Directors of ECUSA and a non-executive member of the Board of Directors of Euroconsultants. In the recent past Mr. Gounaris held the position of the Chairman of the Board of Directors of the Investment Bank of Greece.

He holds a Bachelor of Science in Business Administration (Finance) and a Master in Business Administration from the University of Nevada, Reno.

Andrew   McIntyre

Tenure Start Date:23/04/2018
Tenure End Date:
Nationality:British
Year of birth:2
Member In Companies:3
CV

Mr. Andrew McIntyre was appointed as Independent Non-Executive Director of the Board of Directors in April 2018.

He possesses significant international experience in the banking sector, having served in various international financial organisations.

Mr. McIntyre serves as Non-Executive Director at Lloyds Bank Corporate Markets plc and Ecclesiastical Insurance Group plc, since 2017. He also serves as Chair of the Audit Committee (not a Director) at Hermes Property Unit Trust since 2017, Chair of the Audit Committee (not a Director) at Cavamont Holdings Limited since 2016 and Non-Executive member, Senior Independent Director at C. Hoare &Co since 2015. Previously he had also served as a Trustee and Director of the Centre for Economic Policy research from 2014 until 2018. Mr. McIntyre has also served as Chairman of the Board of Directors at Southern Housing Group from 2004 until 2013 and he was partner at Ernst & Young, where he had worked from 1988-2016 reaching up to Senior Partner in the UK Financial Services Assurance practice and having had a role in various business groups and client relationships.

Mr. McIntyre holds a Bachelor of Arts and a Master of Arts from the University of Cambridge, UK, and he is a Chartered Accountant certified by the Institute of Chartered Accountants in England and Wales (ICAEW).

Wietze   Reehoorn

Tenure Start Date:31/07/2019
Tenure End Date:
Nationality:
Year of birth:
Member In Companies:1
CV

Mr. Wietze Reehoorn was appointed as Independent Non-Executive Director of the Board of Directors in July 2019.

Mr. Reehoorn is an experienced senior banking executive, having held a number of senior managerial positions in a market leading international bank.

Currently, Mr. Reehoorn is Chairman of the Supervisory Board of MUFG Bank (Europe) N.V. (MBE), while he also holds the positions of the member of the Supervisory Council of Rijksuniversiteit Groningen, Chairman of the Supervisory Council of Stichting Topsport Community, member of the Supervisory Council of Frans Hals Museum, member of the Board of Directors of ABE Bonnema Stichting and member/Director of Koninklijke Hollandsche Maatschappij der Wetencchappen.

Previously, Mr. Reehoorn held, among others, the position of Chairman of the Supervisory Board of IFN Group. Mr. Reehoorn was a member of ABN Amro for over 30 years where he held various positions some of which include Chief Strategy Officer and Chief Risk Officer and he also led the integration of ABN Amro with Fortis. His diverse experience offers skills relating to risk, strategy and corporate governance.

Mr. Reehoorn holds a Master's Degree in Law from Rijksuniversiteit Groningen.

Elena Ana   Cernat

Tenure Start Date:31/07/2019
Tenure End Date:
Nationality:
Year of birth:
Member In Companies:1
CV

Mrs. Elena Ana Cernat was appointed as Independent Non-Executive Director of the Board of Directors in July 2019.

Mrs. Cernat is a highly experienced banker, having held several senior executive and non - executive positions during her career, with emphasis in business development and innovation. She possesses substantial experience in retail banking, developing new business, digital and multichannel strategies.

In the recent past, Mrs. Cernat was holding the position of member of the Board of Directors of Euroline Retail Services (member of Eurobank Group) and currently holds the position of an executive member of the Board of Directors of Alior Bank Warsaw, Bucharest Branch. In addition, Mrs. Cernat is authorized by the Central Bank of Romania (BNR) in Credit, Risk and Capital Management.

She holds a B.A. in Philology, Applied Modern Languages from Babes - Bolyai University, Romania, an MBA, Romanian - Canadian MBA Program Certificate from Bucharest School of Management, as well as several certifications including among others Certification in Banking Marketing.

 Non Executive members

Aikaterini   Beritsi

Tenure Start Date:31/07/2019
Tenure End Date:
Nationality:
Year of birth:
Member In Companies:
CV

Mrs. Aikaterini Beritsi was appointed as Non-Executive Director of National Bank of Greece in July 2019.

Mrs. Beritsi brings along her substantial experience in the Greek Banking sector gained in senior positions at major systemic banks. In addition, Mrs. Beritsi is an expert in corporate governance, following her directorships in four other Greek Banks (three of them systemic), where she had a leading role in introducing best practice and addressing significant internal control issues.

In the recent past Mrs. Beritsi had served as member of the Board of Directors and all statutory committees of Piraeus Bank and Eurobank, Chairperson of the Board of Directors of New Proton Bank and of Proton Bank SA, as well as member of the Board of Directors of Credit Agricole Group/Emporiki Bank. Mrs. Beritsi currently also serves as an independent non-executive member of the Board of Directors of E.Y.D.A.P., the largest Greek water supply and sewage company, listed on the Athens Stock Exchange.

 

Mrs. Beritsi is a graduate of the Department of Economics of the National and Kapodistrian University of Athens. She has completed the program Modern Governance in Banking at INSEAD, while she has participated in multiple financial seminars and managerial training programs.

Representative of the Hellenic Financial Stability Fund (Greek Law 3864/2010)

Periklis   Drougkas

Tenure Start Date:26/07/2018
Tenure End Date:2021
Nationality:Greek
Year of birth:1953
Member In Companies:1
CV

Mr. Periklis Drougkas was appointed as Representative of the Hellenic Financial Stability Fund at NBG Board of Directors in July 2018.

Mr. Periklis Drougkas has a professional background in senior-level executive positions in leading regional and multinational banking institutions.

At his early career he gained experience as Head of Card Operations and Customer Service with Agricultural Bank of Greece Bankcards S.A., while he held a series of executive roles with Citibank NA, Citicorp Financial Services in Greece. During his career in Citibank he achieved to be the Top Performing Citibank Executive and awarded with the Citicorp Service Excellent Award. 

From 1994 to 2002 Mr. Periklis Drougkas was Assistant General Manager, Head of Retail Banking Division of ING BANK NV GREECE. In 2002, he joined the Egnatia Bank S.A. as General Manager, Head of Retail Banking, while he was also appointed Chairman and Managing Director of Egnatia Fin S.A. and General Manager of Egnatia Insurance Broker Co. Ltd, Athens.

In 2004 Mr. Periklis Drougkas joined EFG Eurobank Group as General Manager in Best Direct S.A., while his career in Alpha Bank started in 2008 when he was appointed in Alpha Bank Serbia AD as Deputy President of Executive Board, Head of Retail Banking Business Unit. In 2012 he was appointed Chief Executive Officer of Alpha Bank Albania SHA, while during his career he has held a series of advisory positions in Greece and abroad. Currently, he serves as non-executive member of the Board of Directors of Tirana Bank SHA.

He is a graduate from the Athens University of Economics and Business and certified Economist, while he has extended his education having participated in high level education programs.

Secretary - Board of Directors

Panos   Dasmanoglou

Tenure Start Date:28/01/2014
Tenure End Date:
Nationality:Greek
Year of birth:1963
Member In Companies:No
CV

Panos Dasmanoglou, born 1963 in Athens, has been an executive at the National Bank of Greece since 1990. From July 2018 since July he has been Executive Member of the Board of Directors. In December 2016 he was appointed General Manager of Group Compliance and Corporate Governance. He is also member of the Executive Committee. In June 2015 he was appointed Assistant General Manager of Group Compliance and Corporate Governance, while previously, since September 2013 he served as Assistant General Manager of Group Compliance. In parallel, in January 2014 he was elected Secretary of the Bank's Board of Directors and of its Committees.

Since July 2009 he served as Director of the National Bank of Greece Group Compliance Division, where he was responsible for the Group's compliance with the legislative and regulatory framework. As part of the various executive-level positions he has assumed throughout his career as a lawyer at the National Bank of Greece Legal Services Division, he has handled significant matters relating to the integration of European banking legislation in the Bank's activities, domestic and international credit operations and M&A activity, thereby gaining substantial experience across a broad spectrum of banking operations.

For a number of years, he has been an active participant in the workings of the Hellenic Bank Association and the European Banking Federation, specifically in the committees on international banking issues, compliance, consumer issues, anti-money laundering, derivatives and repos. Further, he serves as member on the Board of the Hellenic Ombudsman for Banking-Investment Services as well as on the boards of directors of NBG Group companies, namely NBG Securities S.A., Ethniki Factors S.A. and Ethniki Asfalistiki.

Panos Dasmanoglou holds a law degree (LL.B) from the University of Athens Law School and a postgraduate degree (Lic.spec.) in European Law from the University of Brussels, while he has also studied banking management at INSEAD Graduate Business School. Additionally, he has received international certifications in the field of international financial law and Compliance in banking.