SSM email halts Piraeus’s CEO selection

15 December 2016
813 Views

Wednesday’s Piraeus Bank board meeting, during which a new chief executive officer was supposed to be elected for the lender, was unexpectedly suspended as an email from the European Central Bank’s Single Supervisory Mechanism (SSM) arrived asking for the process to be stopped so that the two short-listed candidates could be examined further.

Piraeus Group officials spoke of a coup by the European supervisory authority, warning that the intervention may generate more problems not only for the lender but also the entire Greek credit system.

Sources said that one of the two candidates has withdrawn his candidacy in view of the SSM intervention.

After consultation with the Hellenic Financial Stability Fund (HFSF), it was decided that the board meeting would resume on Friday, with Piraeus issuing a statement saying that “the Governing Board’s consultations continue in relation to the selection of a new CEO, and will shortly [issue] fresh statements.”

You may be interested

The U.S Pentagon confirmed images of UFO’s over navy ships
DEFENCE
shares16 views
DEFENCE
shares16 views

The U.S Pentagon confirmed images of UFO’s over navy ships

Panos - Apr 14, 2021

The Pentagon has confirmed that images and videos showing unidentified flying objects buzzing over Navy warships off the coast of…

Tsitsipas moves into 16 at Monaco Masters after beating Karatsev in 2 sets
GREECE
shares12 views
GREECE
shares12 views

Tsitsipas moves into 16 at Monaco Masters after beating Karatsev in 2 sets

Panos - Apr 14, 2021

Fourth-seeded Stefanos Tsitsipas advanced to the final 16 of the Monte Carlo Masters in Monaco after defeating Russia’s Aslan Karatsev…

Johnson & Johnson vaccine suspended in the US after blood clot cases reported
GREECE
shares21 views
GREECE
shares21 views

Johnson & Johnson vaccine suspended in the US after blood clot cases reported

Panos - Apr 14, 2021

The US federal health services are expected to request an immediate suspension of the Johnson & Johnson Covid-19 vaccine after…

Leave a Comment

Your email address will not be published.