Corporate Governance Statement

PLOUTARCHOS SAKELLARIS


50 years old, Independent, Non-Executive Director since 14.06.2013 (1st term)
Member of the Audit Committee

Professor of Economics and Finance at 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 the Chairman of the Council of Economic Advisers at the Greek Ministry of Economy and Finance. He was 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 at the University of Maryland, USA and other Universities and he has worked as Economist at the Federal Reserve Board and as Visiting Expert at the European Central Bank (ECB).He has graduated from Brandeis University, U.S.A. with a B.A., summa cum laude, with Highest Honours, in Economics and Computer Science. Hold a Ph.D. in Economics from Yale University.

MICHAEL SIGALAS


Age: 65. Executive Director since 28.07.1998

He is the Regional Director of South Eastern Europe and Eastern Mediterranean Regions (SEE & EM) and the International Trade Director of TITAN Group. He has also served as Exports Director of TITAN Group. He has worked in Canada with Prestcold North America LTD. (1973 to 1979). He also worked with the Hellenic Aerospace Industry (1980 to 1985) as Commercial Director. He studied Mechanical Engineering at Concordia University, Canada.

EFTYCHIOS VASSILAKIS


Age: 47. Independent, Non-Executive Director since 10.5.2007 (3rd term)
Member of the Nomination and Corporate Governance Committee
Member of the Remuneration Committee

He is Vice Chairman and Managing Director of Autohellas S.A. (Hertz) and Vice Chairman of Aegean Airlines S.A. He is also a member of the Board of Directors of Piraeus Bank, Ideal Group S.A and, Fourlis Holdings S.A. He studied at Yale University and at Columbia Business School of New York, U.S.A (MBA).

EFTHYMIOS VIDALIS


Age: 59. Executive Director since 15.06.2011
From 2004 until 15.06.2011 he served as an Independent Non-Executive director.

He was appointed the Hellenic Republic’s Motorway Concessions Negotiator (2012-2013) and had to negotiate the reset of the stalled motorway investments in Greece. This task was successfully completed in December 2013.

He served as a Managing Director (2001-2011) and Chief Operating Officer (COO) (1998-2001) of S&B Industrial Minerals S.A and was a member of the company’s Board of Directors for 15 years. He worked for the company Owens Corning, USA (1981-1998) and served as Chairman of the global activities of Synthetic Materials (Composites) and Insulation Materials (1994-1998). He is also serving as Vice Chairman of the Hellenic Federation of Enterprises (SEV) and Chairman of the Hellenic Federation of Enterprises Committee for Sustainable Development. He served as Chairman of the Greek Mining Enterprises Association from 2005 to 2009. He is also serving as President of Enoia BV, Executive Director of Raycap SA and member of the Board of Directors of Zeus Capital Partners and Future Pipe Industries, DUBAI. He studied Political Sciences (BA) and Business Administration (MBA) at Harvard University, USA.

VASSILIOS ZARKALIS


53 years old, Executive Director since 14.06.2013

Since 2010 he is the Chief Financial Officer (CFO) of the Group and member of the Executive Committee of TITAN Cement Company S.A. He started his career as the Group Executive Director for Business Development and Strategic Planning. For 18 years, he held a number of global business leadership positions in USA and Switzerland with the Dow Chemical Co. Among others, he served as the Global Vice President Dow Automotive, Global Business Director Specialty Plastics & Elastomers, Global Business Director Synthetic Latex, etc. He holds a MSc. in Chemical Engineering from the National Technical University of Athens (1985) and a MSc from the Pennsylvania State University in USA (1987).

Company Secretary

ELENI PAPAPANOU


Attorney at law
e-mail: enp@titan.gr