The illuminated Motor Oil oil refineries at night
Company

Organizational Structure

Board of Directors & Executives

People
Chairman

Vardis J. Vardinoyannis

He was born in 1933. Following his graduation from the Greek Naval Academy, he served for a number of years in the Greek Naval Forces and was discharged with the rank of Rear-Admiral (Hon). He is one of the founders of MOTOR OIL (HELLAS) S.A. and a member of the top management team since 1972. Apart from MOTOR OIL (HELLAS) S.A. he has exploited a wide array of entrepreneurial endeavors in Greece and abroad.

Vice Chairman and CEO

Yannis V. Vardinoyannis

He was born in 1962. He studied Economics in VASSAR COLLEGE. In 2005 he was appointed Vice Chairman of the Board a post he keeps until today. Since January 2021 he is the Managing Director of the Company.

Deputy CEO

Ioannis Kosmadakis

He was born in 1952 and holds a master’s degree in Chemical Engineering from the National Technical University of Athens. He has been working with the Company since 1978. From 1998 until 2018 he was the General Manager of Trading & Supply, he is a member of the Board of Directors of the Company since 1998 and one of the Deputy Managing Directors since 2005. Furthermore, Mr I. Kosmadakis is a member of the Sustainability Committee of the Company.

Deputy CEO

Petros Tzannetakis

He was born in 1955 and holds a Bachelor´s degree in Economics from the University of Surrey (U.K) and a Master´s Degree in European Union Economics from the University of Sussex (U.K). He has been working with the Company since 1986 at various executive positions: Finance Manager (1991-1998), Deputy General Manager of Finance (1998-2005), Chief Financial Officer (2005-2023). Mr. Tzannetakis is a Board member of the Company since 1998 and one of the Deputy Managing Directors of the Company since 2005. Furthermore, Mr. Tzannetakis is the Chair of the Sustainability Committee of the Company since 2023.

Non-Executive BoD member

Nikolaos Th. Vardinoyannis

He was born in 1977. He has established long-term and versatile entrepreneurial activity and is in possession of solid business experience participating in companies engaging in various sectors such as entertainment, tourism, technology and investments. He was a member of the Board of the Company from 2005 until 2018 and was reappointed as Director in June 2022.

Non – executive BoD member

Niki Stoufi

She is a Mechanical Engineer having graduated from Northeastern University (Boston, USA) and the Federal Polytechnic of Zurich (ETH) with specialization in Industrial Management. Since 1990 she has been holding various posts within MOTOR OIL Group assuming duties relating to organization and business development issues. She is member of the Remuneration & Nomination Committee of the Company.

Independent Non-Executive BoD Member

Panayotis Constantaras

He was born in 1950. He is a graduate of the Athens Graduate School of Economics and Business Sciences (former ASOEE currently Athens University of Economics) and holds a Postgraduate Degree (M Sc.) from the London School of Economics (UK). From 1978 until 2011 he worked with Citibank Greece where for a series of years, he held the position of Managing Director of the Piraeus Shipping Unit of the Bank. Since June 2018 he is an Independent Non-Executive BoD Member and Chairman of the Audit Committee of MOTOR OIL (HELLAS) S.A. Mr Constantaras is also a Board member of two (2) credit institutions.

Independent Non-Executive BoD Member

Ourania N-P Ekaterinari

She holds a degree in Electrical & Computer Engineering from Aristotle University of Thessaloniki and an MBA from City University Business School in London. Mrs. Ekaterinari served as CEO and executive member of the Board of the Hellenic Corporation of Assets and Participations S.A. (2014-2018) and prior to that as Deputy CEO and executive member of the Board and of the Management Committee of Public Power Corporation S.A. (2010-2014). During the decade 2001-2010, she held executive positions in large financial corporations – BNP Paribas, Deutsche Bank and Eurobank- in Corporate & Investment Banking in Greece and abroad. Apart from her professional experience, Mrs. Ekaterinari has served as member of the Hellenic Corporate Governance Council (HCGC) and of the Council of Competitiveness of Greece. Since June 2021, Mrs. Ekaterinari is an Independent Non-Executive Board member of MOTOR OIL, Chair of the Remuneration & Nomination Committee of the Company, and member of the Sustainability Committee of the Company. Moreover, she is an Independent Non-Executive member of the Board of the listed company ELVALHALKOR HELLENIC COPPER & ALUMINIUM IND. and a non-executive Board member of the HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR.

Independent Non-Executive BoD Member

Dimitrios- Antonios A. Anifantakis

He was born in 1963. He holds a BE and ME in Mechanical Engineering from Stevens Institute of Technology (New Jersey, USA) and an MBA from London Business School (London, UK). He has more than 30 years of international professional experience in the Energy Business having served as Managing Director of LITASCO SA (2018-2020), Chairman of the Board of EIGER SHIPPING S.A. (2017-2020), Deputy Senior Vice President Supply & Sales of OAO LUKOIL (2011-2018), General Manager at BP IST Russia & CIS (2004-2011) and General Manager at CARGILL PETROLEUM S.A. Russia & CIS (1999-2004). During the decade 1990-1999 he worked for petroleum companies in Ukraine and Bulgaria. Since June 2021 he is an Independent Non-Executive member of the Board of MOTOR OIL and a member of the Remuneration & Nomination Committee of the Company. Moreover, he is an Independent Non-Executive member of the Board of SEA TANK TERMINAL ANTWERP NV which is based in Belgium (sector: Petroleum Products Logistics & Customs Services).

General Manager of Fuels Refining & Trading

Michael Stiakakis

He was born in 1955.  He holds a master’s degree in Mechanical-Electrical Engineering from the Polytechnic School of the Aristotle University of Thessaloniki. He has been working with the Company since 1982. He was Deputy Refinery General Manager from 2000 until 2006 and Refinery General Manager from 2006 until February 2024 when he became General Manager of Fuels Refining & Trading. Furthermore, Mr. M. Stiakakis is a member of the Sustainability Committee of the Company.

Refinery General Manager

Ioannis Kioufis

He was born in 1964. He holds a degree in Chemical Engineering from the Polytechnic School of Aristotle University of Thessaloniki (AUTH). He has been working for MOTOR OIL since 1993. He became Deputy Refinery General Manager in 2012 and was promoted to the position of Refinery General Manager in February 2024. Moreover, he is the Managing Director of the MOTOR OIL subsidiary company DIORYGA GAS since 2016.

General Manager of Supply & Trading

Alkhas Khametov

He was born in 1973. He is a graduate of the Massachusetts State University (Bachelor in Business Administration) and a holder of the Global Executive MBA from the SDA Bocconi School of Management. Mr. Khametov has 30 years of international professional experience holding managerial positions with various state and multinational Groups in a wide array of geographical locations. He joined the company in October 2023.

General Manager of Finance

Manos Christeas

He was born in 1965. He is a graduate of the Athens University of Economics and Business (formerly Athens Graduate School of Economics and Business Sciences), holds an MBA from the Cass Business School (City University, London) and is a graduate of INSEAD. Prior to joining MOTOR OIL (HELLAS) S.A., Mr. Christeas had a 30-year working experience in Greece and abroad in well-known Greek and multinational companies. Mr. Christeas has been working for the Company since December 2020 initially in the position of the Finance General Manager of Commercial Subsidiaries and since October 2023 in the position of the General Manager of Finance of MOTOR OIL (HELLAS) S.A.

General Manager of Human Resources

Theofanis Voutsaras

Born in 1963. He is a Boston College (USA) graduate and holder of a MSc in Industrial Relations & Personnel Management from London School of Economics (UK). He has a 30year experience at managerial posts in various sectors (banking, constructions, Professional Football Club). He has been working for MOTOR OIL since 2010.

General Manager of Strategy

Georgios Triantafyllou

He was born in 1982. He holds a dual degree in Economics and History from Brandeis University and an MBA from MIT Sloan School of Management. Prior to joining the Company, he worked for 13 years at Goldman Sachs’ Investment Banking Division in London and New York, focusing on the Energy and Power sectors. In his last role at Goldman Sachs, he was Head of Southeastern Europe including Greece and Cyprus. He joined the Company in July 2021.

Information Technology General Manager – Chief Information Officer

Nikos Giannakakis

He was born in 1971. He holds a Bachelor’s Degree (Faculty of Physics), a Postgraduate Degree (MSc) in Industrial Systems Administration, and is an Alumni of the International Institute for Management Development – IMD (Lausanne, Switzerland). He has an international 15year experience in Information Technology Executive positions with recognizable Multinational Organizations. He was included in the list of the top 100 Chief Information Officers for the year 2019. He joined the Company in November 2019.

Finance General Manager of Commercial Subsidiaries

Loukas Tripelopoulos

He was born in 1974. He is a graduate of the Athens University of Economics and Business (formerly Athens Graduate School of Economics and Business Sciences), holds an MSc from the University of Stirling (Stirling, Scotland) and is a fellow of the Association of Chartered Certified Accountants (ACCA). He has 25 years of working experience in Greece and abroad in the refining and upstream sectors. He has been working at the MOTOR OIL Group since December 1999.

General Manager of Commercial Subsidiaries

Ioannis Kalogirou

He was born in 1965 and holds a BSc in Business and a MBA in Marketing from the University of New Haven (USA). He joined Motor Oil in June 2022, bringing 30 years of senior management experience in leading international companies. He has a deep understanding of brands and consumers, and extensive knowledge of many markets across the world.

 

General Counsel & Secretary of the Board

George I. Prousanidis

He was born in Athens in 1961. He is a graduate of Athens Law School and from Columbia Law School (LLM). He has been employed by the Company since 1990.

General Manager of Waste Management Businesses

Dimitrios Kontaxis

Dimitrios Kontaxis has marked a career spanning more than 25 years in the oil sector specializing in downstream operations of fuels and lubricants. He has accumulated experience in the field of Circular Economy mastering the field of waste management and the foundation of the Extended Producer Responsibility (EPR) System for waste lubricant oils in Greece, which has been internationally recognized as a best practice in the European Union. He has served for 5 years (June 2017-June 2022) as the Chairman of the Board of Directors of SEPAN-the “Federation of Recycling and Energy Recovery Industries”. Dimitrios Kontaxis is the General Manager of Waste Management division of Motor Oil and the Vice President of SEEPE-the “Hellenic Petroleum Marketing Companies Association”. He has studied Chemical Engineering and Economics at the University of Massachusetts at Amherst.

Organizational Chart

Organizational Chart
The illuminated Motor Oil oil refinery in Agios Theodoros, Corinth

The Refinery

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