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Eurobank’s management board has accepted the resignations of its former chairman Panagiotis Thomopoulos and CEO Christos Megalou. They were replaced by Nikos Karamouzis and Fokion Karavias respectively. The bank’s  board of directors saw no other changes.

In a letter to the board, Mr. Megalou explained his resignation with his decision to accept the post of adviser for Fairfax Financial in Toronto, Canada.

As To Vima reminds, the reshuffling of Eurobank’s  board of directors has taken place after Friday's meeting of deputy prime minister Yannis Dragasakis with the CEO of the financial fund Fairfax, Prem Watsa. Fairfax is the majority owner of Eurobank.

The new MB chair Nikos Karamouzis has a degree in economics from the University of Piraeus and a doctorate in monetary policy and international finance from the US University of Pennsylvania. Karamouzis was deputy executive director of Eurobank for 14 years.

The new CEO Fokion Karavias has a background as a chemical engineer, but enjoyed a long career in the banking sector no less.

In 1991, he took up a position in JPMorgan’s branch in New York. He also worked for Citibank, then joined the Eurobank system in 1997 where he has functioned ever since.