Vassiliko Cement Works Public Company Ltd announces that the Board of Directors of the Company at its meeting held on 17 November 2016 resolved as follows:
A. Approved the Consolidated Interim Financial Statements of the Company for the first nine months of 2016, a copy of which is attached herewith.
Please note that the financial results will be published in the local press; hard copies will not be mailed to the shareholders.
Copies of the full text of the unaudited interim financial statements for the first nine months of 2016 are available to the shareholders and investors, at the Offices of the Company, at 1A Kyriakos Matsis Avenue, “Koupadi” Building, 4th Floor, 1082 Nicosia.
B. Accepted the resignation of Mr. Stefano Costa from the Board of Directors of the Company, with immediate effect.
C. Appointed Mr. Ioannis Karidis as non-Executive Member of the Board of Directors, with immediate effect.
Mr. Ioannis Karidis graduated from the Catholic University of Milan (Italy) where he obtained his BA in Economics & Commerce.
His professional career started with Interservice Distribution, as Risk Manager. He then joined Makita Corporation, where he held several positions including Area Manager in the Italian Branch. From 1999 until 2006 he was the Managing Director of Makita Greece S.A.
Since 2006, Ioannis Karidis joined Italcementi. He has been in charge of Calcestruzzi activities as a Zone Director and then as International Development Manager.
Since 2012 he is General Manager of Suez Bags Company as well as Vice President Finance and Board Member of Ready Mix Beton Egypt and Decom.
In 2014, he was also appointed Country Manager for Kuwait (HILAL Cement Company) and Saudi Arabia (ICC Ltd).