N. Georgiadis, new CEO

The “big challenge” has been described as “managing a utility in terms of modern entrepreneurship” by the new CEO of EYATH SA, Narcissus Georgiadis, who was elected by today’s Unscheduled General Meeting of the company following the proposal of its key shareholder of Holdings and Assets (ESSYP), in the presence of the Managing Director Rania Ekaterinari herself.


“Our common goal with ESSYP is to develop EYATH into a model company, making the most of the experience and capabilities of its employees,” Mr. Georgiadis said. “For us, ESSYP, it is a priority to put EYATH into the digital age with joint EYATH and EYDAP initiatives, so that two strong companies with great know-how and excellent human resources can combine their strengths to tackle common problems with common solutions. “said Mrs Ekaterinari. Stressing the importance of Corporate Governance as a guarantee of transparency, meritocracy and accountability, he added that “this company can and does show citizens, employees and stakeholders that it is a role model in the way it manages staff and assets.”. The CEO of EYSYP made a special mention in the large EYATH investment program, which includes mainly water projects, but also automation and modernization projects. “Size, know-how and financial health is the basis for making EHAT a company that will have nothing to envy from like-minded companies in Europe”, Ms. Ekaterinari concluded.


“In a company like EYATH, to which the classical principles of business economics cannot be applied, as it manages a social good, the most appropriate way to ensure financial health and achieve our mission is to improve productivity and reducing unnecessary costs, “said EYATH President Professor Agis Papadopoulos, pointing out that” a combination of three actions is needed: a) new investments and infrastructure improvements, b) more rational planning and operation and c) reduction of energy costs, which is the most important element of operating costs. ” Accelerating mature projects and launching new ones over the next five years is our goal, Mr. Papadopoulos said, referring in particular to the repair of the Aravissos pipeline, the completion of Phase II of the EHEA, the maintenance of large installations and the network, by reducing losses.


Also, a new Board member Theodoros Koulouris was appointed by the General Assembly on the proposal of the Ministry of Finance, who will also staff the Audit Committee of the company, along with N. Klitou and P. Gogo.


Narcissus (Nassos) Georgiadis holds a Bachelor of Economics from the University of Pittsburgh, USA (1982) and a Masters of Business Administration (MBA) from the Manchester Business School (1990). With considerable experience in managing large industrial and commercial companies, Mr. Georgiadis has served for more than 20 years as Chairman, CEO and Board Member of multinational and listed groups in Greece, Germany and Italy in a wide range of industries including the automotive industry, textile and consulting services. He began his career at Procter & Gamble Germany as Director of Financial Analysis of the then acquired Richardson-Wicks and then as Director of Economic Analysis & Budget of its plants also acquired by P&G, Blendax. From 1998 to 2007 he worked at DAIMLER AG, in the roles of Chairman and CEO of the subsidiaries EvoBus Greece and EvoBus Italia. In Greece it expanded its turnover from 20m to 110m within six years, while in Italy it reversed a declining sales growth and increased its turnover from 280m to 310m euros. He was also a member of the Board of Directors of Daimler Chrysler Italia Holding in Rome, with a turnover of € 4.2 billion.


From 2007 to 2016 he worked as a Deputy Chief Executive Officer and then Chief Executive Officer of Listed Greek Textiles, implementing one of the most complex restructuring projects in Greece. Since 2016 he has been working as a consultant with WERNER International Inc., developing strategic plans on behalf of governments and major international textile groups. Last year he was responsible for coordinating the restructuring of the Folli Follie Group.


Theodoros Koulouris holds a BA in Law from the Aristotle University of Thessaloniki (1996) and holds a Masters Degree in International Politics (University of Brussels), with a thesis in water management.







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