Appointment of new PPC Renewables chief ends PPC takeover plan

PPC Renewables, a power utility PPC subsidiary, has appointed Konstantinos Mavros, possessing vast experience in the renewable energy sector, as its new chief executive.

The appointment of a RES sector expert as new PPC Renewables boss signals a decision by PPC’s new administration to stop the parent company’s takeover of the subsidiary, as was planned by the previous PPC leadership.

As a result, PPC Renewables will remain autonomous and be reinforced for a leading green energy role.

Unlike PPC, under financial pressure, PPC Renewables is in robust condition.

Mavros’ appointment as chief executive signals PPC’s strategic objective for dynamic growth in the RES sector, PPC boss Giorgos Stassis noted.

The new PPC Renewables boss is backed by vast international experience in energy, infrastructure, finance and technology. He has worked in the renewable energy sector for many years and is a co-founder of Velocity. Partners, a venture capital fund supported by the European Investment Fund.

Mavros holds a MSc Finance from Imperial College London and has completed post-graduate programs in finance and energy at Harvard Business School.