ECONOMY

Maniatopoulos chosen to lead sell-off fund

Constantinos Maniatopoulos has been appointed president of state privatization fund TAIPED, the Finance Ministry announced on Saturday, following the resignation of Stelios Stavridis a few weeks ago.

His appointment remains to be confirmed by a specially appointed parliamentary committee, but the ministry’s announcement has silenced rumors of the country’s creditors pressing for the management of TAIPED to be put into the hands of foreign experts in a bid to speed up its operation.

Maniatopoulos formerly served as president of the Public Properties Company SA and as a member of the council of gas transmission network operating company DESFA, the majority stake of which is about to be sold to Azeri energy giant Socar.

He has also served as president of Piraeus Port Authority (OLP) and as a board member of Athens International Airport. Both companies are up for privatization from next year.

Yiannis Emiris, who has been serving in the wake of Stavridis at the head of TAIPED in a temporary capacity, will remain as chief executive officer of the fund.