Greece’s main electricity producer Public Power Corp (PPC) named on Tuesday George Aggelopoulos as the company’s new chief financial officer following the resignation of the former CFO late September.
The sudden resignation of Grigoris Anastasiadis, the then CFO, was attributed to the company’s poor financial performance and PPC’s inability to execute the proposed business plan.
PPC’s nine-month net profits fell by 53% amid rising revenues.