Thrace Group names new CEO; names previous CEO to new 'Chief Entrepreneur' role

ATHENS, Greece, October 15, 2020-

The Societe Anonyme under the name “THRACE PLASTICS HOLDING COMPANY SOCIETE COMMERCIAL ANONYME“ with the distinctive title “THRACE PLASTICS CO S.A.” (called as “Company” hereafter), in the context of the proper, valid and timely information of the investor community (and in application of the provisions of paragraph of the Athens Exchange Regulation and article 17 par. 1 of 596/2014 Regulation of the European Parliament and of the Council as of 16 April 2014), informs the investor community that the Board of Directors of the Company, during the meeting that took place on Wednesday, October 14, 2020, aiming to ensure the profitable future growth of the Group, the creation of an experienced professional management team and always with the objective to make best use of the skills of its directors, decided the following:

Mr. 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). Mr. 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.

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