Former Enel CEO in Romania named PPC’s new boss

Giorgos Stassis, an experienced manager with a formidable multinational energy-sector background, has been named the power utility PPC’s new chief executive.

Stassis, who previously headed the Enel corporate group’s Romanian subsidiary, Romania’s biggest energy company, will succeed Manolis Panagiotakis, who resigned from PPC’s top position soon after the conservative New Democracy party’s election victory on July 7.

The newly named PPC head hails from the energy sector, is backed by a multinational-level career, possesses experience in energy-enterprise restructuring, is young, Greek and returning from abroad to help the government’s effort, energy ministry officials noted.

Greece’s EESYP privatization superfund, holding the Greek State’s 51 percent stake of PPC, named Stassis for the power utility’s top post in a proposal forwarded to PPC’s board.

Stassis served as CEO at Enel Romania SrL from 2016. Previously, Stassis headed Enel Green Power in southeast Europe and the Middle East, beginning in 2007.

Stassis, who possesses over 13 years of experience in the energy market, has also held a series of other significant posts in the sector.

Between 2001 and 2006, Stassis was employed at Tellas Telecommunications SA as a member of the company’s administrative team and Executive Director of Strategic Projects and Procurement.

He studied Civil Engineering at Kingston University in the UK and holds an MBA in Construction Management.

The Enel corporate group is a multinational energy company and a leading player in global electricity, natural gas and renewable energy markets. It maintains interests in over 30 countries worldwide and holds a portfolio with a production capacity of approximately 89 GW.