Committees
Investor Relations

Committees

Audit Committee

Τhe Audit Committee of MOTOR OIL (HELLAS) SA has been operating since 1996. Assists the Board of Directors in the fulfillment of its duties as it is informed about the results of the audits carried out by the Internal Audit Unit of the Company while at the same time it is informed by the statutory auditor about the results of the statutory audit as well as any weaknesses in the procedures relating to financial information and preparation of financial statements.

The current composition of the Audit Committee is the following:

Chair: Mr. Panayotis J. Constantaras (Independent according to the Law 4706/2020)

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. He is Chairman of the Audit Committee of MOTOR OIL (HELLAS) S.A. and a Board member of two (2) credit institutions.

Members:

Mr Konstantinos N. Thanopoulos (Third Person)

He was born in 1949. He is a graduate of the Athens University of Economics, with postgraduate studies at UWIST (University of Wales) in Business Administration and Shipping. He worked in Shipping industry (Vardinoyannis Group) for 10 years as Chief Financial Officer and Director of Planning & Internal Audit. Additionally, he held the position of the Head of the Internal Audit Unit of MOTOR OIL (HELLAS) S.A. for more than 30 years. He has been a member of the Audit Committee of the Company since June 2018.

Mr Spyridon X. Kyritsis (Independent Third Person according to the Law 4706/2020)

Born in 1965, he graduated from the Faculty of Economics of the National & Kapodistrian University of Athens and holds a postgraduate degree in Busines Administration (MBA) from the University of Wales, Cardiff Business School. He has 30 years of working experience and has been professionally engaged in the field of Capital Markets in Greece since 1997. During the period 1997-2006 he held senior managerial positions in the Athens Exchanges. During the period 2006-2013 he worked as top executive in the Bank of Cyprus Group in Greece. Since 2014 he has been working in SOL Consulting S.A. Mr. Kyritsis participates as Non-Executive Independent Director in the Board of three companies in the recent years. In addition to his professional career, Mr. Kyritsis has a long institutional presence and  experience having been elected Chair of the Association of Members of Athens Exchanges since 2015 and Vice-Chair of the Athens Exchanges Members Guarantee Fund since 2016. He is a member of the Audit Committee of the Company since June 2021.

The obligations of the Audit Committee are described in the Law 4449/2017 as amended and in force by the Law 4706/2020.

Audit Committee Charter

PDF
Κατεβάστε το αρχείο

Audit Committee Report for the fiscal year 2020

PDF
Κατεβάστε το αρχείο

Audit Committee Report for the fiscal year 2021

PDF
Κατεβάστε το αρχείο

Remuneration & Nomination Committee

The Remuneration & Nomination Committee of the Company was established in June 2021. It is a joint Committee with responsibilities in accordance with articles 11 and 12 of the Law 4706/2020. The composition of the Committee is as follows:

Chair: Mrs Rania N-P Ekaterinari – Independent Non-Executive BoD member

Members:

  • Mr Dimitrios-Antonios A. Anyfantakis – Independent Non-Executive BoD member
  • Mrs Niki D. Stoufi – Non-Executive BoD member

Remuneration & Nomination Committee Charter

PDF
Κατεβάστε το αρχείο

Sustainability Committee

The Sustainability Committee was established in June 2021. Its role is to oversee, monitor and approve the Group’s Sustainable Strategy, set ESG targets, monitor the ESG performance, identify opportunities or ESG risks and decide on corrective actions.

The composition of the Committee is the following:

Chair:

Yannis V. Vardinoyannis (Executive Board member)

Members:

Petros Τ. Tzannetakis (Executive Board member)

John N. Kosmadakis (Executive Board member)

Michael-Matheos J. Stiakakis (Refinery General Manager)

Rania N-P Ekaterinari (Non-Executive / Independent Board member)

Niki D. Stoufi (Non-Executive Board member)

 

Convener: Helena Athoussaki – Head of ESG, Sustainability & Climate Change