Globaltrans Investment Plc Proposes Dividend for the Year Ended December 31, 2012; Elects Michael Zampelas as the Chairman of the Board
The Board has decided that it is the right time for the role of Chairman to be held by an independent director further strengthening the company's good corporate governance practices. To that end, the Board has named Mr. Michael Zampelas, Senior Independent Non-Executive Director, as the Chairman of the Board. Mr. Zampelas has been an Independent Director of the Globaltrans' Board since 2008 and has served as Chairman of the Audit Committee and a member of both the Remuneration and Nomination Committees. Mr. Eliseev will continue to serve as a Non-Executive Director of the Board and a member of the Remuneration Committee. Mr. Zampelas has more than 30 years of management experience, including as a founding member, Chairman and Managing Partner of the accountancy firm Coopers & Lybrand (which later became PricewaterhouseCoopers). Since March 2008 he has held the Position of Vice-President of the Board of Eurobank EFG Cyprus Limited and is the Chairman of its Audit Committee. From 2002 until 2006, Mr. Zampelas was the elected mayor of Nicosia and he is currently the Honorary Consul General of Estonia in Cyprus, a role he has held since 1997.