The Hellenic Financial Stability Fund has rejected former Piraeus Bank chief executive Anthimos Thomopoulos’s candidacy for his old post, opting instead to propose Christos Papadopoulos and Stelios Papadopoulos (who are not related) for the position at the lender of which the bank bailout fund controls 26 percent. However, the experienced bank official who resigned last January has been short-listed for the post.
Sources say that during Thursday’s marathon session of the committee tasked with appointing new members to the bank’s board, the HFSF representative proposed Christos Papadopoulos and Stelios Papadopoulos, but this was not accepted by the bank’s committee. Thomopoulos and Christos Papadopoulos have been short-listed for the final selection.
The two candidates will now be put to the board of the bank on Wednesday, and the intention of all parties involved (shareholders and regulatory authorities) is to complete the appointment of the new CEO so as to put an end to the long period of administrative unrest at the lender.
The question now is whether the HFSF will respond to the rejection of one of its recommendations, but after the National Bank compromise this appears less likely.