Greek cement major Titan Group has announced that Aris Papadopoulos will retire from the position of CEO of Titan America as of 1 August 2014. He will become Executive Chairman of ST Equipment & Technologies (STET), reporting to the Group CEO, and also serve as an advisor.
Commencing with a 1994 joint venture with Roanoke Cement, Papadopoulos led Titan America through a growth trajectory that included the acquisition of Tarmac America and Separation Technologies, modernising the company’s two cement plants, numerous operational expansions and multiple concrete acquisitions.
“During Aris’ tenure, Titan America grew from a cement JV in Roanoke, Virginia, to the preeminent East Coast construction materials producer,” commented Dimitri Papalexopoulos, Titan Group CEO. “Aris, more than anyone else, has shaped Titan America over two decades.”
Bill Zarkalis, Group CFO since 2010, will succeed Aris. Bill joined the Group in 2008 as Director of Business Development; he previously held executive positions at Dow Chemical. As CEO-designate, Bill will work closely with Aris to ensure a smooth transition. Michael Colakides will become Group CFO, effective May 16, 2014. Michael recently returned to the Group as Senior Strategy Advisor after more than a decade in several banking industry executive roles.
Adapted from press release by Katherine Guenioui