Yorgos Ioannidis, GM of Romtelecom, steps down

Newsroom 28/06/2011 | 13:24

Yorgos Ioannidis, general manager of Romtelecom, will step down from this position starting with July 1.

This information was confirmed for Business Review by company representatives, without any details about Ioannidis’ future career path.

“Mr. Ioannidis will leave the company on July 1. His successor at the lead of Romtelecom will be announced in the following period. This is all the information we can provide at this point,” they said.

Media reports point to the fact that Ioannidis will be replaced by Stefanos Theocharopoulos, currently CEO of Cosmote. When asked by Business Review, the two companies declined to comment on this issue.

One fact pointing in this direction is that the merger between Romtelecom and Cosmote, both part of Greek group OTE, has been announced. In fact, the two companies have already launched six integrated stores, apart from convergent services offers that have been released on the market as well.

Yorgos Ioannidis, 61, was appointed GM of Romtelecom in February 2007, steering the company during a major restructuring process, which saw the repositioning of Romtelecom from a landline operator to the status of internet, telephony, TV and electronic entertainment services provider.

Previously, Ioannidis was GM of OTENET, starting June 2007, and CTO of OTE, since September 2004.