Mr Spyros Capralos, a key member of our Bank's management team, has recently been invited by the Prime Minister to join the small, five-member Board of Management of the Organising Committee for Athens 2004. Mr Spyros Capralos has accepted this prestigious offer, and has submitted his resignation from his present post with the Bank.
In his letter of resignation, Mr Capralos notes: "I must confess that I have reached this decision only after an intense inner debate, given that my experience with EFG Eurobank and its staff for some three years has been a particularly creative and pleasant one. The honour done to me by the Prime Minister represents for me a life challenge, and it is for this reason that I submit my resignation." During the period when Mr Spyros Capralos worked at the Bank, he contributed significantly and creatively to the development of the EFG Eurobank Group, particularly in relation to its activities in the wider Balkan region, including its investments in Bulgaria and Romania and its entry into new markets in the region. His departure from the position of Managing Director of EFG Balkan Investments SA, on the one hand, is an important loss as far as the Bank's human resources are concerned; but, on the other, the fact that one of its executives is being asked to play an active part in organising one of the most important events for our country, namely the Olympic Games of 2004, also represents a special honour.
The Bank wishes Mr Spyros Capralos every success in his new duties.