Board of Directors | ΤΕΡΝΑ ΕΝΕΡΓΕΙΑΚΗ

The Company is governed by a Board of Directors, consisting of five (5) to eleven (11) members, elected by the General Meeting of the Shareholders. The term of office of the members of the Board of Directors is five (5) years. The present Board of Directors was elected by decision of the Ordinary General Meeting of the company’s shareholders on 30/05/2017. The composition of the Board of Directors is the following:

Georgios Peristeris
Chairman, Executive Member

He was born in Athens in 1957. He graduated as a Civil Engineer from the National Technical University of Athens in 1980. His involvement with TERNA S.A. begun in 1981. Between 1982 and 1984 he was a Constructions’ Manager in important hydraulics and railway projects. In 1984 he became Chairman and CEO of TERNA S.A. In 1997 he establishes TERNA ENERGY and assumes the position of the Chairman. Since then he has developed intense entrepreneurial activity in the field of renewable energy sources (RES).
He also occupies the position of the Chairman of the Hellenic Association of Renewable Energy Electricity Producers since 2000. This Association constitutes a founding member and is represented in the BoD of the corresponding European Federations (European Renewable Energies Federation – EREF).

Georgios Perdikaris
Vice Chairman, Executive Member

He was born in Lefkada in 1959. He graduated from the Technical University of Thessaloniki, Greece, in 1983 with a degree in Electrical Engineering. He began his professional career the same year, as an engineer at ETKA S.A. (now TERNA ENERGY S.A.), where he subsequently worked as a construction manager and as project manager. In 1999 he assumed the position of the General Technical Manager of the constructions’ sector of TERNA ENERGY, while since April 2012 he also assumes the position of the BoD’s Vice Chairman. He is a member of the Technical Chamber of Greece, the Electrical Engineers’ Association of Greece and the Contractors’ Association of Greece.

Emmanuel Maragoudakis
Chief Executive Officer, Executive Member

He was born in Evia in 1951. He holds a degree in Mechanical Engineering from Newcastle University and a post graduate degree in production management and manufacturing technology from Strathclyde University of Scotland. He commenced his professional career as a plant manager at Vidomet S.A., a manufacturing company, where he was employed from 1980 to 1988. From 1988 to 1989 he was plant manager at Sabo S.A., a company specializing in the construction and installation of industrial machinery. He was the managing director of Viomek S.A.from 1988 to 2013. He initiated a co-operation with TERNA ENERGY in 1997, and today occupies the position of the company’s CEO and that of the General Manager of the Environment and Renewable Energy Sources Sector.

Georgios Spyrou
Executive Director

He was born in Chios in 1946. He graduated for the National Technical University of Athens in 1969 with a degree in Mechanical and Electrical Engineering. In 1970 he attended the post graduate course of the Economic University of Athens. He was a founding member and partner of ROKAS S.A., where he was employed from 1972 to 2004 in the departments of planning, study and construction of industrial and energy projects as well as in the company’s management. He assumed the positions of General Manager, Chairman and Chief Executive Officer of several subsidiaries and for 20 years he was the Vice Chairman of the parent company’s BoD. From 1994 to 2004 he was the key person in charge for the planning, development and implementation of the Group’s energy program. In 2004, after the sale of ROKAS Group, he started co-operating with GEK TERNA Group as an advisor regarding energy projects. Today, he is a member of TERNA ENERGY BoD and assumes the position of the Executive Director and Development Manager of the electricity production sector outside Greece. He is a member of the Technical Chamber of Greece.He has been a member of the BoD of the Hellenic Association of RES Power Producers, where he had been elected as a Chairman or Vice-Chairman for a period of 10 years.

Emmanuel Moustakas
Executive Member

He was born in Athens in 1974 and he graduated from the National Technical University of Athens as Civil Engineer.
He worked as a freelancer in the design, supervision and construction of private projects until 2003, when he started working with the Group (TERNA S.A.) initially as an engineer and further on in Project Management.
Since 2005 he has been mainly involved in the energy and concession sectors. He is a member of the B.o.D. of several of GEK TERNA Group’s affiliates.

Michael Gourzis
Non – Executive Member

He was born in Lefkada in 1940. He graduated from the Athens Second Engineers School in 1964. He worked as a freelancer – contractor of public projects between 1969 and 1976. He holds a 4th Grade Degree in the Registry of Experienced Constructors and has managed various projects of TERNA SA since 1977.

Georgios Kouvaris
Independent Non – Executive Member

Mr. Kouvaris is a Chemical Engineer holding a Master Degree from the University of Aston of Birmingham. His has more than thirty years’ experience in the Energy Sector in Greece and abroad. He started his career as an Engineer in the Hellenic Aspropyrgos Refinery in 1985. In 1992 he undertook the development and construction of a toping Refinery in the UAE and remained there until 1999 as General Manager. Leaving UAE in 1999 he moved to FYROM as General Manager of the OKTA Refinery. In 2002, he undertook the development of ELPE Power Generation. Since 2004 he has been working in the HERON Group and on March 2017 he was appointed Chairman of the Board of Directors of both HERON THERMOELECTRIC S.A. and HERON II VOITIAS S.A.

Georgios Mergos
Independent Non – Executive Member

He was born in Evia in 1948. He is Professor Emeritus, Department of Economics of the National and Kapodistrian University of Athens, where he has been teaching since 1986. He studied Economics at the University of Athens and holds an MSc Degree from Oxford University, UK and a PhD degree from Stanford University, USA. Before joining the University of Athens, he worked for the World Bank. He has served as Secretary General, Ministry of Finance, Governor of the Foundation of Social Security and Secretary General of the Ministry of Economy. He has conducted research with research institutions in Greece and abroad, and consulting with various international organizations and the European Commission (DG External Relations) on issues of development programme and project evaluation in numerous countries (China, India, Egypt, other South Asia countries, all countries of the former Eastern Europe and several countries of the former Soviet Union). He has served, inter alia, as a member of the BoD of GEK TERNA, PPC, NBG, Alpha Bank and as a member of the Board of Governors of Black Sea Trade and Development Bank. He is member of the BoD of Piraeus Bank Real Estate since 2014 and a BoD member of the Foundation of Economic and Industrial Research, a non-profit think tank, since February 2020.

Gagik Apkarian
Independent Non – Executive Member

He was born in 1967. Mr. Apkarian possesses over 20 years of experience in private equity, investment banking and management consulting in the U.S, Europe, Australia and Middle East. He is a judge for Harvard University’s Innovation Challenge and a guest speaker at business schools and conferences worldwide addressing issues related to companies in transition and direct investing. Mr Apkarian is a managing director at Tetrad Capital Partners, a special-situations focused investment and stakeholder advisory firm headquartered in London and active globally. The firm’s current focus areas include telecoms, media, technology, engineering and procurement, oil and gas, alternative energy, financial institutions and general industrials. Prior to Tetrad Capital, Mr. Apkarian c-founded and assumed the position of the General Partner of Vulcan Capital, the investment office of Paul Allen. He built the team and established the processes to develop and implement a dual mandate: optimizing a diverse $10Bn+ portfolio of private equity direct investments in listed and private companies; and pursue a range of investments in private equity, public securities and infrastructure. Prior to Vulcan Capital he was an investment banker in London with Morgan Stanley. During his career in New York and London he executed over $100bn of M&As, restructuring and equity and debt financing transactions. Earlier, Mr. Apkarian worked at McKinsey & Company in New York and Australia focused on strategy, turnarounds and post-merger integration in a broad range of industries. Mr. Apkarian holds a B.Sc. with double majors in mathematics and physics and a B.E. in electrical engineering (first-class honors). He also holds an MBA from Harvard Business School.

Georgios Peristeris Chairman, Executive Member

Georgios Perdikaris Vice Chairman, Executive Member

Emmanuel Maragoudakis Chief Executive Officer, Executive Member

Georgios Spyrou Executive Director

Emmanuel Moustakas Executive Member

Michael Gourzis Non – Executive Member

Georgios Kouvaris Independent Non – Executive Member

Georgios Mergos Independent Non – Executive Member

Gagik Apkarian Independent Non – Executive Member