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> Economy

Unveiling of METLEN’s third strategic transformation – Watch video

How the plan "The Third Era - Progress in motion" is structured - Changes in structure and new appointments to the leadership team - Evangelos Mytilineos as Executive Chairman, Christos Gavalas as Group CEO - Citi for Metlen: 52 euros target price - Maintains buy recommendation

Newsroom November 6 09:05

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Metlen announced a significant reshuffle in its leadership structure Thursday night, marking the separation of the roles of Chief Executive Officer and Chairman under a new group organizational chart unveiled by Evangelos Mytilineos.

In his address, Mytilineos explained the rationale behind appointing an internal candidate as CEO. “The best CEO takes two or three years to learn the job. So, when deciding whether the new CEO should come from the market or from within the group, we chose someone from within the company,” he said.

Addressing speculation about his future role, Mytilineos reassured stakeholders: “Many wondered if I would be absent in the new order. That was never an option. I ask for your patience for a few more years, as it remains my pleasure and honor to continue working alongside you.”

New Leadership Appointments

Effective January 1, 2026, Christos Gavalas, a Metlen veteran since 2001, will assume the role of Group Chief Executive Officer. Gavalas has been instrumental in driving the company’s international expansion and will now play a leading role in shaping Metlen’s next phase of growth.

Other key appointments include:

  • Evangelos Mytilineos as Executive Chairman
  • Fotini Ioannou as Group Chief Financial Officer and member of the METLEN PLC Board
  • Lukas Ziomas as Chief of Staff

Energy Sector Realignment

Starting immediately on November 7, 2025, the Energy Sector will be restructured into two pillars:

  • Renewables & Energy Transition Platform, led by Nikos Papapetrou as Chief Executive Director
  • Fully Integrated Energy Utility, which includes:
    • Integrated Utility, headed by Giannis Giannakopoulos
    • International Energy Supply & Trading, led by Panagiotis Kanellopoulos

The Metals Sector remains under the leadership of Dimitris Stephanidis, overseeing the Integrated Aluminum Value Chain, Critical Raw Materials, and Circular Metals businesses.

From December 1, 2026, M Technologies—the defense metallurgical equipment division—will be led by Vassilis Tsiamis as Chief Executive Director.

Infrastructure and Concessions

This division continues to be a strategic priority under:

  • Evangelos Chryssafis, Executive Vice President of METLEN SA and Chairman of METKA ATE
  • Dinos Benroubis, CEO of METKA ATE
  • Eleanos Karaindros, President and CEO of M Concessions

Senior Executive Team

The senior management team includes:

  • Eleanos Karaindros, Chief Strategy and M&A Officer
  • Sara Fidelis, Chief People Officer
  • Vivian Bouzali, Chief Corporate Affairs & Communications Officer
  • Petros Selekos, Chief Legal Officer
  • Dimitris Papadopoulos, newly appointed Executive Senior Advisor for the Executive Chairman and Board of Directors

Looking Ahead

Evangelos Mytilineos, in his new role as Executive Chairman, reflected on the transition: “Today we open a new chapter in our journey, entering the third era of our company’s evolution—the most mature phase yet.”

He emphasized his strategic focus: “From this role, I will contribute to executing our medium-term business plan for both organic and non-organic growth, alongside our new CEO, Christos Gavalas.”

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Mytilineos: Metlen enters its new growth phase from a position of strength, EBITDA target €2 billion

The revamped organizational structure is designed to enhance executive leadership, improve operational synergy, and align with corporate governance best practices.

“My goal is to secure Metlen’s long-term success. I am confident that the new management team and structure will catalyze this next phase of growth,” Mytilineos concluded.

 

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