Structure & Management Our Board of Directors decided to make some changes, effective 1/1/2006, to the structure of our Company. This new structure is in line with the decision of our Board to depersonalize and institutionalize the Management Structure of the Company. With the new structure the C.E.O is responsible and accountable for all operations of the Company, reporting to the Board of Directors. A new Executive Committee has been created.

Specifically:

An Automotive Machinery Division is created, comprising of Petrogen, Engines & Boats, and Agricultural Machinery Business Units. The Head of this Division is Mr. D. Onopas.

A Vehicles Division is created, comprising of Truck & Bus, Isuzu and Jaguar Land Rover Business Units. The Head of this Division is Mr. A. Manolis.

An Auto Care Division is created, comprising of Shell Lubricants and Batteries Business Units. The Head of this Division is Mr. T. Anagnostopoulos.

An Administration & Information Services Department is created, comprising of IT, MIS, Central Support Services (CSS) and Finance Departments. The Head of this Department is Mr. G. Papadopoulos

Industrial Equipment Business Unit is under the New Business Development (NBD) Department.

An Executive Committee is created, comprising of the Chairman of the Board of the Directors, the C.E.O, the three Division Managers, and the Administration & Information Services Manager. The Executive Committee meet every week and it is the highest Management level after the Board of Directors. President of this Committee is the C.E.O.

The above changes are illustrated by the organizational you can view here.