SOURCE: M.J. Maillis

July 17, 2008 13:10 ET

New Member of the Management Team of M.J. Maillis Group

ATHENS, GREECE--(Marketwire - July 17, 2008) - M.J. Maillis Group (ASE: MAIK) announces the recruitment of Mr. Apostolos Georgiou for the position of Group Optimisation and Value Creation Manager as of June 9, 2008.

During the presentation of the new member of the Group, the CEO Mr. Kourouglos explained that this role is vital for the organization, as within his role, Mr. Georgiou will be responsible for the implementation of the group pricing strategy in Europe and for the cost optimization and value creation of the Group's operations. Mr. Kourouglos stated that the recruitment of Mr. Georgiou is consistent and reinforces the commitment of the Group Management to bring and maintain the company's profitability above the industry average.

Mr. Georgiou is a Chemical Engineer with an MSc in Petroleum Engineering from Imperial College in London and an MBA from Manchester Business School. He has also attended specialized crisis management, negotiation skills and business administration programmes at Harvard University.

Mr. Georgiou has extensive experience in managing profitability in international environments in companies like Chevron and BP. He has been involved in major projects for the restructuring and implementation of new management methods and the realization of pricing strategy for petroleum products in the retail and wholesale business.

Distributed by Capital Link Inc. in New York at (212) 661-7566. (Mr. Nicolas Bornozis, President). This information can be also accessed at M.J. Maillis' website at www.maillis.gr, or in Capital Link website at www.capitallink.com with historical company news.

Contact Information

  • For further information, please contact:
    Mr. Victor Papaconstantinou
    Group CFO
    tel: (+30) 210 6285-000
    fax: (+30) 210 8080-301