The Chief of Piraeus Port Steps down.

Credits Reuters

The Piraeus port was once more named as a target for privatization in the country’s cash-for-reforms negotiations with international creditors. Following that statement, the head of Greece’s biggest port, Chief Executive Yiorgos Anomeritis, announced that he will step down.

Highlights :

• Chief Executive Yiorgos Anomeritis has headed the port since 2009.
• He would stay on until the company’s annual shareholder meeting.
• Piraeus Port is majority state-owned.
• China’s Cosco has been operating two of the port’s cargo piers since 2008.
• New government restarted the privatization after a brief pause.
• The sale of a majority stake in the port was part of Greece’s privatization plan.

Mr. Anomeritis had opposed the sale of a majority stake, saying that ports can be managed by different operators but should be majority-owned by the state.