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 Board 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 Ηeavy Commercial Vehicles Division is created, comprising of Truck & Bus, Business Unit. The Head of this Division is Mr. Τh. Anagnostopoulos.

A Passenger and Light Commercial Vehicles Division is created, comprising of Isuzu and Jaguar Land Rover Business Units. The Head of this Division is Mr. N. Bellos.

Οstrea Division is created, comprising of Lubricants and Batteries & Tires Business Units. The Head of this Division is Mr. V. Pippos.

Elxis Division is created, comprising of Kubota machinery Business Unit. The Head of this Division is Mr. D. Onopas.

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

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.

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

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