Management

1. Efthymios Bouloutas, Chairman, Non-Executive Member

Mr. Efthymios Bouloutas has a long experience in the Banking sector, in Asset Management and in Holding Companies, whilst he has also handled the restructuring of major companies in the Food, Airline, Health, Shipping and Real Estate industries.

Mr. E. Bouloutas has served as a Partner at Grant Thornton Greece, CEO at Marfin Investment Group (MIG), CEO at Marfin Popular Bank, General Manager at Eurobank responsible for the wealth management business, CEO at Eurobank Asset Management and CEO at Ionian Mutual Funds. He has also served as Chairman and member of the BoD in numerous companies such as Vivartia, Olympic Airlines, EFG Bank Luxemburg & EFG Private Bank.

Mr. E. Bouloutas holds a Ph.D. from Massachusetts Institute of Technology (MIT), a M.Sc. from Stanford University and an Engineering Degree from National Technical University of Athens.

2. Ioanna Dretta Executive Member of the BoD, Chief Executive Officer

Following a decision by the company’s Board of Directors, Ms. Ioanna Dretta was appointed as the new Chief Executive Officer on December 12th, 2023.She assumes the management of REDS and the task of overseeing the strategic development of the company’s two major investment projects – landmarks – located in Gournes, Heraklion, Crete, and the Cambas Project in Kantza, Attica.

Ms. Dretta brings over 20 years of professional experience, holding significant leadership positions in both private and public sectors across various economic activities. She has managed and overseen complex projects, achieving notable successes and recognition for her work in Greece and internationally. Throughout her professional journey, she served as the Acting Minister of Tourism and also as the CEO of MARKETING GREECE for 7 years, contributing significantly to the repositioning of the Greek product and the promotion of Greece and its culture on internationally.

Ioanna Dretta is a graduate in Civil Engineering from the National Technical University of Athens (NTUA), with postgraduate studies at Imperial College London (MSc) and the Harvard Kennedy School (Master in Public Administration).

3.Konstantinos Toubouros, Non-Executive Member

Konstantinos Toumpouros was born in 1978. He studied Civil Engineering [BSc and MSc] with specialization in Hydraulics Engineering at the National Technical University of Athens and works as civil engineer since then.He has worked, among others, as Vice President and Board member of Ergonomia SA and as President and CEO of Ergometria SA. He is currently President and CEO of the construction and property management company Temco SA.

4.Konstantinos Mpoulmetis, Non-Executive Member

5.Asimina Tsouplaki, Independent, Non-Executive Member

6.Panagiotis Kiriakopoulos, Non-Executive Member

Mr. Kyriakopoulos holds a degree in Naval Mechanical Engineering from the University of Newcastle upon Tyne, UK. A postgraduate degree (M.Sc.) in Shipbuilding and Mechanical Engineering from the Massachusetts Institute of Technology (M.I.T.), USA and a Master’s Degree in Business Administration (MBA) from the Imperial College of London.

Mr. Panos Kyriakopoulos since July 2002 is the Chairman and C.E.O. of Star Investment S.A. a group of companies with investments in the sectors of Mass Media and Technology.

At the same time, he is a member of the Board of Directors of the U.S.A. listed Shipping Companies Euroseas Ltd and Eurodry Ltd, President of the Union of Private Television Stations of National Range [EITHΣEE], member of the Board of Directors of Quest Group and member of the Board of Directors of the Hellenic Federation of Enterprises (SEV).

Corporate Governance

REDS SA applies the principles of corporate governance as defined by the relevant legislative framework (Law 2190/1920, article 43a paragraph 3d, Law 3016/2002 on Corporate Governance, Law 3693/2008 article 37, Law 2190 / 1920 Article 43bb, as in force, and Article 4548/2018 Article 152, as currently in force).

Also, the Company has adopted a Corporate Governance Code, which includes, among other things, the corporate governance principles governing the Company’s management and control. The basis of the above Code is the Corporate Governance Code of the Hellenic Federation of Enterprises (SEV) (January 2011) and, by extension, the OECD Corporate Governance Principles and the “Principles of Corporate Governance in Greece – Guidelines for its Competitive Transformation” of the Hellenic Capital Market Commission.

Compliance

The Company, within its core values and principles, which shape the business practices and rule the overall, professional conduct of its employees and business partners, where integrity and transparency are always applied to, has approved, by its B.o.D decision dated at 27/01/2022, the Integrity Compliance Management System of ELLAKTOR S.A (parent company), consisting of the Integrity Compliance Program, Code of Ethics and Business Partners’ Code of Conduct, supplementary to existent Policies (Antibribery Policy and Whistleblowing Policy).

Furthermore, REDS holds an Attestation for following the guidelines of ISO 37001:2016 Antibribery Management System.

 

REDS SA, as a subsidiary of ELLAKTOR GROUP, has approved and operates in full compliance to the attached documents “Integrity Compliance Program” and “Ellaktor Code of Ethics”.

Audit Committee

The Audit Committee is responsible for monitoring financial information, effective operation of internal control and risk management systems, and for supervising and monitoring of statutory audit and issues relating to the objectivity and independence of statutory auditors.

The purpose of the Audit Committee is to assist in the effective governance of the Company and its subsidiaries under its control, in accordance with the provisions of the law and in particular Article 44 of Law 4449/2017 regarding the financial information process on an individual and consolidated level, the effectiveness of internal audit systems and the monitoring of the statutory audit.

The Audit Committee of the Company consists of three members, the majority of which must be independent within the meaning of the provisions of Law 3016/2002 as in force, and are either an independent committee or a committee of the Board of Directors.

It consists of the following persons:

1. Panagiotis Alamanos

2. Asimina Tsouplaki

3. Alexandra Stavropoulou

Αριθμός Γ.Ε.ΜΗ. 224701000 Copyright © 2022 ΕΛΛΑΚΤΩΡ

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