Frigoglass announces board of directors changes to take effect Nov. 22

By Caroline Salls

Pittsburgh, Oct. 23 – Frigoglass SAIC announced the resignation of Ioannis Androutsopoulos, Doros Constantinou and Vassileios Fourlis as members of the board of directors, effective Nov. 22, and the appointment of Jeremy Jensen, Iordanis Aivazis and Stephen Graham Bentley as independent, non-executive members of the board to replace them.

According to a company news release, the appointment of the new members has been made for the remainder of the board’s term and will be affirmed at the next general meeting of shareholders.

Frigoglass said Androutsopoulos and Constantinou will remain members of the audit committee until the next general meeting of shareholders.

In accordance with the terms of the group’s capital and debt restructuring, the company said Jensen was selected by Frigoglass as independent non-executive nominee following consultation with the banking institutions participating as lenders in the restructuring.

Aivazis and Bentley were selected by the company as independent non-executive nominees after consultation with the noteholders who have elected to participate in a first-lien new money option under the terms of the restructuring.

Frigoglass is an Athens-based supplier of beverage coolers and glass packaging.

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