Hereplaces Antonis Agapitos of Hellenic Seaways, the chairman for the last sixyears, who steered the club through a crisis early last year arising from the financialtroubles of Cyprus and in particular Laiki Bank.

Clubmembers faced a cash call to replace club funds hit by a ‘haircut’ thatamounted to confiscation of part of the Hellenic Hull Mutual’s reserves.

Alexandratoswho has been a director of the club since 2009 said he was honoured to beelected to lead the club which had demonstrated resilience when 97% ofmembers voted for a post crisis business plan to put the club back on an evenkeel.

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