Greece has picked two former business leaders to run the fund it set up last year to speed up privatisations and make the best use of the country's assets to comply with its international bailout.
Athens was meant to appoint the board of directors for the fund, which will oversee the country's privatisation agency (HRADF) and its bank rescue fund (HFSF), and have it fully operational by the end of last year.
Greece and its lenders did agree a five-member supervisory board for the privatisation and investment fund in October and this has now appointed George Diamantopoulos, former Chief Executive at Kraft Foods in Greece, as chairman.
Rania Aikaterinari, an engineer and former deputy CEO at Greece's dominant power utility Public Power Corp, is taking over as Chief Executive Officer, the fund said on Friday. The board members will have a four-year term, while its full composition will be announced next week.
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