The president of Pente S.A., Vassilis Cheimonidis,
was born in 1933. He graduated in Economics from the
University of Thessaloniki.. He continued with post-graduate
studies in Business Administration and Marketing in Sweden
and England. From 1965 until 1967 he was an employee of the
Panhellenic Confederation of Unions of Agricultural
Cooperatives, before becoming the president of "Consumer",
yet another co-operative, for a four-year term.
From 1971 until 1982 he was the president and managing
director of "Pente" Ltd. As of 1984 he is the president of "Pente"
S.A. From 1974 until the end of 2001 he was president of the
company that runs the "Galaxias" chain of supermarkets.
From 1995 until today he is the president of the
Radiotelevision Organisation of Central Greece, Star S.A. |
PENTE S.A. «Anonymous Technical and
Commercial Food,
Household and General Consumer Goods Company»
trading under the name of Galaxias, is headquartered in
Athens. The company operates a chain of supermarkets
throughout Greece and has recently expanded in
construction.
The company
is run by a seven-member board elected for three-year terms.
The company was
founded in 1971 as "Pente" Ltd -- the name (meaning
'five' in Greek) deriving from the five founding
members, each one of which contributed equally to the
original capital
of 300,000 drachmae.
|
THE BOARD |
|
President |
Vassilis Cheimonidis |
|
|
Vice President |
Christos Mavropoulos |
|
|
Members |
Konstantinos Giagnissis |
|
|
|
|
|
|
|
|
|
Commerce in detergents and cosmetics was the primary
enterprise of the company at its beginning, operating
out of a 60 sq.m. store in the Kato Patissia
neighborhood of central Athens. A series of other
similar stores followed, but the company soon expanded
in the supermarket business, changing its status to an
S.A. in 1982. The growth of the company brought about
the expansion of shareholders (including other companies
as well as employees) and capital.
Following
the establishment of the first supermarkets in the Athens area,
the chain soon expanded to other cities in Greece.
The
company's capital today stands at
€59,840,717.10,
corresponding to
2,038,866
shares of
a face value of
€29.35 each.
By the end
of 2006, Galaxias operated 105 stores, of which 49 are
company-owned and the remaining 56 on rented property. At least
10 more new stores are expected to be operational by the end of
2007, most of them on company-owned premises.
The
subsidiary Argo Market company, of which Galaxias owns 99.83%,
also operates 13 stores under the same trading name, brining the
total number of Galaxias stores to 123.
