ATHENS, July 28 Greece has appointed a
management professor to head its privatisations agency, the
fifth leadership change since the agency was launched in 2010 to
sell off state assets as required by the country's international
Emmanuel Kondylis, a business administration professor, will
be the new chairman of the privatisations agency HRADF, which
has fallen behind on privatisation targets that form part of
Greece's 240 billion euro international bailout.
Kondylis, who has held top managerial posts at several Greek
companies, will replace Constantinos Maniatopoulos who took over
in October, the finance ministry said on Monday. It did not give
a reason for the replacement of Maniatopoulos.
Greece also nominated Pashalis Bouhoris, a former banker, to
replace HRADF's current chief executive Ioannis Emiris.
Athens has so far signed privatisation deals worth 4.9
billion euros since the its bailout four years ago, raising 2.69
billion euros in cash. The sum is far below an original target
of 22 billion euros for 2010-2013. This has often been due to
limited investor interest, plus regulatory and legal hurdles.
Greece has slashed this year's privatisation receipts target
to 1.5 billion euros from 3.6 billion after a plan to sell state
natural gas company DEPA stumbled.
The country clinched its biggest privatisation deal, a
915-million-euro property lease at the site of the former Athens
airport, this year.
The nominations of Kondylis and Bouhoris are expected to be
approved by a parliamentary committee.
(Reporting by Angeliki Koutantou. Editing by Jane Merriman)