Kontominas quits post

Dimitris Kontominas, the founder of Interamerican, Greece’s largest insurance company, has resigned as a member of the board of the international group Eureko, which acquired full control of the Greek company in 2001. Sources close to Kontominas sited personal reasons for the resignation. He had been a member of the board since 2001, when Eureko acquired Interamerican, of which he remained president. Earlier, Dutch-based Eureko indicated in a statement that Kontominas intended to resign as part of administrative changes in the group resulting from the merger of the group’s two Dutch subsidiaries, Achmea and Interpolis. Kontominas retains 3.3 percent of Eureko’s shares, the largest segment held by a private individual. His resignation raises the question of whether he will remain president of Interamerican, especially after the expiration of his term in June 2006. There has been speculation that he may wish to buy Interamerican back.

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