THE 4TH ANNUAL CAPITAL LINK FORUM CONFERENCE
Monday October 30, 2000

"GREECE: YOUR EMU PARTNER IN SOUTHEASTERN EUROPE"

Mr. Dimitris Kouvatsos
Chief Financial Officer,
HELLENIC TELECOMMUNICATIONS ORGANIZATION

BACKGROUND SUMMARY

Assumed responsibilities, which involved corporate finance management, strategic planning, business development and acquisitions, flotations and listings of large business units.

Diversified experience in the management of high technology, consumer products and telecommunications services, specialized in organisational restructuring and business/support systems reengineering, with both domestic and international exposure.

PERSONAL

Born in Athens, Greece on May 4, 1949.

EDUCATION

Master's Degree in Management Studies. Major : Business Strategy. Graduated in 1976 from the Polytechnic of Central London.

BSC in Business Administration, majoring in Economics. Athens Graduate School of Economics and Business Science (1974).

Various seminars in the areas of Human Resources Development, Organisation Development, Strategic Planning and Financial Decision Making.

WORK HISTORY

1977 to 1980	OLYMPIC HOLIDAYS GROUP / London, England Working as Management Accountant, responsible for Costing, Budgeting and acting as liaison with major suppliers (airlines/hotels)
1981 to 1983	CONTROL DATA / Athens, Greece Started as Financial Analyst, responsible for the implementation of a budgetary performance reporting system. Promoted to Finance Manager in charge of Accounting, Planning and Treasury.
1984 to 1989	HEWLETT PACKARD INC 1984 to 1985 - Middle East HQ / Athens, Greece Commercial Services Manager in charge of Order Processing, Credit, Contract Administration and Logistics. Responsible for negotiating directly with customers and distributors of the Middle East network on commercial and credit terms. 1986 to 1987 - MEE/HP Division / Riyadh, Saudi Arabia Transferred to the Saudi Branch as Finance and Administration Director with the objective to organise the subsidiary and turn it into a distributorship. Responsible for directing all administrative and financial activities and liaising with local authorities. 1988 to 1989 - HP HELLAS / Athens, Greece On successful completion of the Saudi assignment was asked to return to Greece, where organised and directed all Administrative, Finance and Personnel activities of the newly created local subsidiary. Having obtained an overall perspective of the Industrial Marketing sector decided to broaden his horizons by joining a manufacturing company in the consumer products field.
1990 to 1996	PEPSICO INC 1990 to 1993 - Tasty Foods / Athens, Greece Joined as Chief Financial Officer during a transition stage from a privately owned company to a multinational, with the task of reorganising and directing all Financial, Treasury, Planning, MIS and Administrative activities in an effort to jump-leap the organisation forward. Overall responsibility for a staff of fifty. Special emphasis in the areas of business development where championed and completed the acquisition of the second largest snack company in Greece (BEST FOODS) and was appointed General Manager of the acquired company. In addition to the above, assumed the leading role in the pan-European restructuring project. 1994 to 1995 - Snack Ventures Europe / Amsterdam, Holland As a result of the involvement in the pan-European project was appointed Director of Financial Operations in the HQ of the $ 1bn Pepsico joint venture with activities in major European countries. In charge of the regional project team for re-engineering business, support processes and computer systems. Responsible for driving balance sheet and capital investment opportunities. 1996 to 1997 - Pepsico Foods / London, England Following the merge of the region with the European HQ, promoted to the position of European Finance Director expanding his role over all European, Middle East and African entities, with revenues of $ 3 bn. Developed a system to provide compatible financial and business data in order to enhance European HQ's and reporting entities' Management Information level , which eventually became worldwide company standard.
1997 to 1998	ATHENS PAPERMILL S.A. (SOFTEX) / Athens, Greece Appointed General Manager of this ailing Public Company, with an agenda to reactivate operations, obtain financing, restructure organisation / costs and manage it through to privatisation in full operation.
1999 to present	HELLENIC TELECOMMUNICATION ORGANIZATONS SA (O.T.E.) Appointed Chief Financial Officer with the objective to assist the organisation to evolve into a truly commercial enterprise and deliver increasing value to shareholders and investors in preparation for full liberalisation of the Greek Telecommunication market.

ORGANIZERS