The Board of Directors of the company GEK TERNA SA, that was elected by the General Assembly of the shareholders on June 28, 2017 and fulfils the conditions set forth by Law 3016, as amended and in force up to date, was constituted into Body as follows:

Georgios Peristeris - Chairman and Chief Executive Officer, executive member
He was born in Athens in 1957. In 1980 he graduated as a Civil Engineer from the National Technical University of Athens.His involvement with TERNA S.A. started in 1981. Between 1982 and 1984 he was the Construction Manager in important Hydraulics and Railway projects.In 1984 he became Chairman and Managing Director of TERNA S.A.
He has also been greatly active in the fields of Renewable Energy Sources (RES) since 1997. Indeed, since 2000 he has been Chairman of the Hellenic Association of Renewable Energy Electricity Producers. This Association is one of the founders and member of the Board of Directors of the corresponding European Renewable Energies Federation – EREF.
Konstantinos Vavaletskos - Vice Chairman, executive member
He was born in Karditsa in 1956. In 1980 he graduated from the National Technical University of Athens from the Naval Architecture Electrical and Marine Engineering School. He started working for the GEK S.A. group in 1982 and until 1987 he held the position of Electromechanical Site Manager in various projects.
From 1987 until 2002 he held the position of Project Manager. He was a member of the BoD of GEK S.A. from 1986 until 2002.
Since 2002 he has been a member of the Board of Directors of TERNA S.A. and Technical Manager in the Electromechanical Unit of the Company in Greece and abroad.
Michael Gourzis - Vice Chairman, executive member
He was born in Lefkada in 1940. He graduated from the Athens Second Engineers School in 1965. He worked as a freelancer between 1969 and 1976. He holds a 4th Grade Degree in the Registry of Experienced Constructors and has managed various projects of TERNA SA since 1977.
Angelos Benopoulos - Vice Chairman, executive member
He was born in Athens in 1958. He studied in the National Technical University of Athens and has been active in the construction sector since 1982. He is founder and Chairman of the companies DOMIKI ANAPTIXI SA, HELIOCHORA SA, DIKEVE SA and Chairman of ERGODINAMIKI SA – a public works company, all of which merged with the GEK and TERNA groups in 2002.
He was an executive Director of the BoD of TERNA S.A. as well as of several of the Group’s affiliates. Since 2008 he has been Chairman of the Administrator of the Salonica Business Park. For a whole decade, until 2010, he was a member of the Board of Directors of the CENTER FOR EUROPEAN CONSTITUTIONAL LAW.
He has been honored with distinctions for his scientific and social activities by the Ministry of Education, the Ministry of National Defense and the Athens Municipality.
Apostolos Tamvakakis - Vice Chairman, independent non-executive member
Mr. Tamvakakis is a graduate of the Economics University of Athens (1979) and holds an MA in Economics from the University of Saskatchewan, Canada (1981).
From 1984 to 1986 Apostolos Tamvakakis worked at Mobil Oil Hellas. Between 1986 and 1989 he worked at Hellenic Investment Bank as, successively, accounts officer, officer in charge of stock market issuance/underwriting, officer in charge of M&As, finally becoming Manager of Corporate Finance. In 1990, he was appointed Manager of Corporate Banking, Corporate Finance and Trading at ABN AMRO Bank and, from 1993 onwards, as the Bank’s Deputy General Manager, Greece. From 1996 to 1998 he served as Deputy Governor of National Mortgage Bank and from 1998 to 2004 as Vice Chairman of NBG. In 2004, he became Executive Chairman and CEO of Lamda Development. From March 2004 through December 2009 he served on the management team of the Geneva-based Latsis Group, where he was Head of Strategy and Business Development. From December 2009 to June 2012 he was appointed Chief Executive Officer of National Bank of Greece. Since July 2012 he participates as a Member of the Board of Directors and Committees in various companies. From January 2015 to February 2017 he was independent non-executive Vice Chairman of the Board of Directors of Piraeus Bank and up until March 2018 he was Chairman of AVIS.
Mr. Tamvakakis has served as Vice-President of HELEX (Hellenic Exchanges SA), Chairman of the Steering Committee of the Inter-Alpha Group of Banks, Chairman of Ethnocard (National Management & Organization Co), National Securities SA and ETEVA (National Investment Bank for Industrial Development), President of the Southeastern European Board of the Europay Mastercard group, and as a member of various other boards and committees.
He is member of the Board of QUEST HOLDINGS, member of the Board of EUROSEAS LTD, Chairman of the Liquidations Committee of PQH Single Special Liquidation S.A. and Advisor to the Board of AVIS.
Mr. Tamvakakis is the Managing Partner and CEO of EOS Capital Partners Alternative Investment Fund Manager, the investment manager of a private equity fund “EOS Hellenic Renaissance Fund”.
Dimitrios Antonakos - executive member
He was born in Athens in 1952. In 1975 he graduated from the Polytechnic School of Thessaloniki as Surveyor Engineer. He continued his studies in the Civil Engineering School of the National Technical University of Athens and graduated in 1979 specialized in Earthquake Technology. He holds a 4th Grade Degree (highest) in the Registry of classified Constructors.
He started working for GEK S.A. in 1979 and from 1981 until 2004 he was a member of the BoD. Since 2000 he has been a member of the BoD of TERNA S.A. and technical Manager in construction projects. Since 2005 he has been head of the Company's activities in the Middle East.
From 2011 to 2015 he was appointed as Vice Chairman of GEK TERNA S.A and is Chairman of TERNA S.A, since 2011.
Emmanuel Vrailas - executive member
He was born in Athens in 1955. He graduated from the National Technical University of Athens as Civil Engineer in 1978 and continued his studies in the Toulouse Polytechnic School in France ("ENSEEIHT").
Since 1982, he has assumed various management posts in the construction of major public and private projects in Greece and abroad. Today he holds the position of CEO at Nea Odos S.A. and Odos Kentrikis Elladas S.A., while he is a Member of the Board of Directors of GEK TERNA Group of Companies, as well as a Board Member of the Group's subsidiaries in the fields of Construction, Concessions and Car Park Stations.
He is a member of the following Professional Bodies in Greece:
Vice president of STEAT (Association of Technical Companies of the Highest Classes), Treasurer of SATE (Association Of Greek Contracting Companies)
Member of the Technical Chamber of Greece.
Penelope Lazaridou - executive member
Mrs. Lazaridou is a graduate of Athens University of Economics and Business and holds a M.Sc. in Finance from the University of Strathclyde UK.
Ms. Lazaridou has more than 25 years of experience in the banking sector, having held the position of the General Manager in Corporate & Investment Banking in the Banking sector for over 10 years. At the same time - and in the context of her above responsibilities - she has served successfully as Chairman of the Board of Directors to subsidiaries of Banks, as well as an executive member of Bank's senior committees. Through this role, she has acquired a deep knowledge of the country's infrastructure and energy sectors, contributing strongly to their rapid growth.
In 2017, joined Gek Terna Group's proposal to join the GT group, assuming the position of General Financial Manager with focus on defining financial policy and management.
She is also member of the ExCo Committee of the ICC (Hellas international Chamber of Commerce) women.
Emmanuel Moustakas - executive member
He was born in Athens in 1974 and he graduated from the National Technical University of Athens as Civil Engineer.
He worked as a freelancer in the design, supervision and construction of private projects until 2003, when he started working with the Group (TERNA S.A.) initially as an engineer and further on in Project Management.
Since 2005 he has been mainly involved in the energy and concession sectors. He is a member of the B.o.D. of several of GEK TERNA Group’s affiliates.
George Perdikaris - non-executive member
George Perdikaris is a senior executive at GEK TERNA Group and a member of the Group’s BoD since 2016. As of 2012, he is also the Vice Chairman of TERNA ENERGY where he had held the position of the Chairman from 1999 to 2012. Moreover, Mr. Perdikaris has served as the Executive Director of TERNA S.A. (2017-2019), the General Technical Manager (2017 -2019) as well as member of TERNA’S BoD from 2010 to 2019.
He was born in Lefkada in 1959 and he holds a degree in Electrical Engineering from the Technical University of Thessaloniki, Greece. He began his professional career in 1985 as an engineer at E.T.K.A. (now TERNA ENERGY S.A.) while he has also worked as construction manager as well as the Project Director in significant infrastructure and building projects.
Spyridon Capralos - independent non-executive member
Spyros Capralos was born in Athens in 1955. He studied Economics at the University of Athens and earned his Master’s Degree in Business Administration from INSEAD in France. In addition to Greek, he speaks English, French and Italian fluently.
He is the Chairman of the Board of the Nasdaq listed shipping company Star Bulk., while previously serving as President and CEO of the same company from February 2011 until July 2014. Currently, he is also CEO of the Oceanbulk Containers.
From 2004 to 2010 he was the Chairman and CEO of the Athens Exchange and President of the Federation of European Securities Exchanges (FESE) between 2008 and 2010. Between 1990 and 2000 Spyros Capralos served as Deputy Governor (Executive) of the National Bank of Greece, Chairman of ETEVA Bank, Chairman of the Insurance Company ASTIR, Managing Director of EPIRUS CO, Managing Director of EFG Balkan Investments, Managing Director of Bank of Athens, following a ten-year international banking career with Bankers Trust Company (Paris, New York, Athens, Milan, London). Champion of Greece in Swimming (1969-1975), he participated as a Water Polo Athlete in the 1980 and 1984 Olympic Games (Moscow and Los Angeles), while in 1985, on termination of his athletic career, was awarded by the Greek Sport Journalist Association with the “Fair Play Award”.
He was elected President of the Hellenic Olympic Committee in February 2009 for a four year term, was re-elected in February 2013 for another 4-year term (2013 – 2017), and then re-elected in February 2017 for another 4-year term (2017-2020).
He was elected Member of the Executive Board of the European Olympic Committees in December 2009. In November 2013 he was re-elected for another four-year term, (2014-2017) receiving the biggest number of votes (47 out of 49 NOCs).
From May 2010 till December 2013 he was appointed Chairman of the EOC Olympic Culture and Education Commission.
In April 2013, he was appointed as Chairman of the Coordination Commission for the Inaugural European Games, Baku 2015. In Januray 2017, he was appointed Chairman of the Coordination Commission for the II European Games, Minsk 2019.
In March 2014, he was appointed Member of the IOC Culture and Olympic Education Commission (expert).
From 2000 to 2004 he held the position of Executive Director and Deputy Chief Operating Officer of the Organizing Committee for the ATHENS 2004 Olympic Games and the positions of the General Secretary for the Olympic Games of the Ministry of Culture and of the City Manager of Athens during the Olympic Games.
In 1996 he was elected Chef de Mission of the Greek Olympic Team in the Olympic Games of Atlanta.
From 1990 to 1993 he held the position of the Vice President of the Greek Swimming Federation. From 1994 to 1998 he was Member of the Board of the European Swimming Federation and from 1994 to 1997 Member of the Technical Commission of the European Olympic Committees.
Athanasios Skordas - independent non-executive member
Born in 1965. Graduated with a Bachelors degree in Economics from Athens University of Economics and Business, with specialization in International Finance Affairs. Pursued a career in private insurance and finance companies as a Senior Manager.
He has served from 2015 to December 2019 as Chairman of the BoD and C.E.O. at SELONDA S.A. (listed on the Athens Stock Exchange). He contributed successfully in implementing the turnaround and transformation of the business, incorporation of subsidiaries as well as the completion of the company’s acquisition from the Greek systemic banks to Amerra Capital Management (US) – Mubadala Private Equity (UAE).
He has served for two years as Deputy Minister of Development, Competitiveness, Infrastructure, Transport & Networks responsible for Commerce and Industry, Secretary General of the Ministry of Finance and Economy, Secretary General of the Ministry of Development responsible for tax and custom affairs. He has also served as Secretary General of the Central Greece Prefecture.
Lecturer in many seminars at the Hellenic Institute of Insurance Studies (EIAS) as well as at the Institute of Finance Studies (IXOS).
Awarded for his social responsibility and sustainable methods while being member of BoDs’ in many distinct associations. In 2019 Golden awarded in “Health & Safety Awards” for consolidating corporate culture in health and safety. Recently also awarded as “Top Industrial Export Company”.
Gagik Apkarian - independent non-executive member
Mr. Apkarian has over 20 years of experience in private equity, investment banking and management consulting in the U.S, Europe, Australia and Middle East. He is a judge for Harvard University’s Innovation Challenge and a guest speaker at business schools and conferences worldwide addressing issues related to companies in transition and direct investing.
Mr Apkarian is a managing director at Tetrad Capital Partners, a special-situations focused investment and stakeholder advisory firm headquartered in London and active globally. The firm’s current focus areas include telecom, media, technology, engineering & procurement, oil & gas, alternatvie energy, financial institutions and general industrials.
Prior to Tetrad Capital, Mr Apkarian was a co-founder and General Partner at Vulcan Capital – the investment office of Paul Allen. He built the team and established the processes to develop & implement a dual mandate: optimising a diverse $10Bn+ portfolio of private equity direct investments in listed and private companies; and pursuing a range of investments in private equity, public securities and infrastructure.
Prior to Vulcan Capital he was an investment banker in London with Morgan Stanley. During his career in New York and London he executed over $100bn of M&A, restructuring, equity & debt financing transactions. Earlier, Mr. Apkarian worked at McKinsey & Company in New York and Australia focused on strategy, turnarounds & post-merger integration in a broad range of industries.
Mr. Apkarian holds a B.Sc. with double majors in mathematics and physics and a B.E. in electrical engineering (first-class honours). He also holds an MBA from Harvard Business School.


  • Executive Members are company’s top executives, responsible for the implementation of its objectives.
  • Non-Executive and Independent non Executive Members are people with objective thinking, responsible for securing corporate governance.
  • The Members of the BoD are of Hellenic Citizenship, except for Mr. Gagik Apkarian, who is an Australian citizen. The term of the BoD is four years and ends at the latest on 30/6/2021.