Thrace Group has announced that Dimitris Malamos, executive member of the Board of Directors, assumes the duties of chief executive officer of the company and of the group (Group CEO). Malamos, from 2010 until today, held the positions of group CFO (from June 2010 to February 2020) and of deputy chief executive officer (deputy group CEO - from March 2020 until today) and has gained deep knowledge and experience regarding the organization, operation and activities of the company and the group.

Konstantinos Halioris, current CEO of the company and the group, remains chairman of the Board of Directors of the company and also assumes the position of chief entrepreneur. The specific position, which was added to the organizational chart of the group based on the above decision of the Board of Directors, aims to ensure the continuation of the profitable growth of the group in areas that fall both in the existing activities of the group and in new beneficial activities in the future. The management of the group believes that the creation of this position and its assumption by Halioris, who has a significant career and valuable experience in "entrepreneurship," will ensure the future development of the group.

The starting date for the implementation of the above changes in relation to the Organization Chart of the group is set at Monday, Oct. 19, 2020.