LAMDA Development Expands its Management TeamDistinguished Executive Joins the Team of Hephaestus Hellas Shipbuilding

The Board of HEPHAESTUS HELLAS Shipbuilding, a company with 75% participation by LAMDA Development, announced that a distinguished executive, Mr. Marios A. Stergiou, will be joining HEPHAESTUS as its new CEO.

Mr. Stergiou moved from the post of New Construction Director at Royal Caribbean Cruise Line and Celebrity Cruises, where he headed the team supervising the construction of new ocean going cruise ships of the Millennium series. This is a substantial addition the top management team of HEPHAESTUS HELLAS Shipbuilding. Other previous assignments of the new CEO, who is now 46 years old, have been that of Technical Director at the Royal Cruise Line, and Deputy Director of New Construction at the Eleusis shipyard.

On the occasion of the appointment of Mr. Stergiou, the financial director of LAMDA Development and Board member of HEPHAESTUS Mr. A. Kaffas said: “In the course of pursuing the investment and growth plans of the LAMDA Development group, it has been our foremost priority to enhance human resources in all group companies. The enlistment in HEPHAESTUS HELLAS of a top shipping industry executive who combines international experience with modern know-how is the best possible development for the company and the group at this time. We believe that the selection of Mr. Stergiou gives new inspiration to HEPHAESTUS HELLAS Shipbuilding, and guarantees the continuation of our dynamic course.”