The Chief of Piraeus Port Steps down.

1924

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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.

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