ALBA s Quarterly Newsletter

The nac ALBA s Quarterly Newsletter The Hellenic Bank Association and ALBA proudly introduce new MBA in Banking! The Hellenic Banking Institute of the Hellenic Bank Association and ALBA proudly introduce new MBA in Banking, exclusively for bank executives. The MBA in Banking has been especially designed for Bank executives who wish to be able to succeed in the increasingly demanding business environment. The Program will start in January 2005 and has a two-year duration. Classes will be held in the evenings or during the weekends (on Saturdays). 2005 Best Workplaces Competition The 2005 BEST WORKPLACES IN GREECE COMPETITION has already started! The participating companies applications were finalized on October 22nd, 2004. The 2005 competition will be the first to be organized by the GREAT PLACE TO WORK HELLAS INSTITUTE which has been especially The Program presentation took place on October 25th, 2004, at 19:00, at the NJV ATHENS PLAZA Hotel. The Program was presented by the Dean of ALBA Professor N. Travlos, The Kitty Kyriacopoulos Chair in Finance, and Mr. Christos Gortsos, General Secretary of the Hellenic Bank Association. For information you may contact Ms. K. Nolka, Hellenic Banking Institute, tel: 210-3386407, or Ms. M. Georgiou, ALBA, tel: 210-8964531, or visit: www.hba.gr, www.alba.edu.gr. More in page 3 established in order to undertake the competition and the rest of the GREAT PLACE TO WORK IN- STITUTE consulting and training activities in Greece. ALBA as a co-organizer of the survey retains the scientific supervision of the competition, as well as a consulting role in its organization. From left to right: Mr. Dimitris G. Mavros, President of GPW HELLAS, Dr. Olga Epitropaki, Academic Supervisor of BEST WORK- PLACES, Mr. George Mavros, Project coordinator, GPW HELLAS, and Mr. Nikos Ebeoglou, President of ALBA Fall 2004 Volume 1, Issue 4 Inside this issue: Academic Programs Executive Development Applied Research & Intl Projects 2 2 4 ALBA Events 5 New knowledge at ALBA Experience from our Alumni 7 8 The ALBA Insider 9 The Voice of the ALBA Alumni 9 Association Special points of interest: The Hellenic Bank Association and ALBA proudly introduce the MBA in Banking European Best Workplaces Competition 2005 ALBA Entrepreneurship Guide 2004 ALBA in the World MBA Tour 2004 Interview: Mr Vassilis Kokkolis, Deputy Venue Manager at the Olympic Stadium, during the Olympic Games ATHENS 2004

P Academic Programs 3 new Program Classes start!!! New Classes for the academic year 2004-2005 have begun for three ALBA Programs: the fulltime MBA (MBA 13), the full-time M.Sc. in Finance (FT FIN 1), and the part-time M.Sc. in Finance (PT FIN 1). Let s all welcome them to the ALBA family and wish them to make the most of the ALBA experience!!! MSc in Business for Lawyers: Starting from January 2005, classes will be held in the centre of Athens! Recognizing the needs of contemporary legal professionals, ALBA offers them the opportunity to obtain the unique MSc in Upcoming Seminars NOVEMBER New Product and Service Development: Leading for Success by Dr. Vasilis Theoharakis, Associate Professor of Marketing & Entrepreneurship, ALBA. November 4 5, 2004 Negotiations by Dr. Steven G. Blum, Lecturer of Legal Studies, The Wharton School, University of Pennsylvania, USA; Visiting Professor, ALBA November 11 12, 2004 Business for Lawyers Program by participating in courses in the centre of Athens. The Program is flexible and allows participants to continue working, since classes meet evenings, twice a week (17:00-21:00). Starting January 2005, classes will be held downtown Athens, (30 Omirou Str.) in the NATIONAL BANK OF GREECE facilities. For information on the Program, you may contact Ms Dimitra Theodoropoulou, tel: 210 8964531-8, email: buslaw@alba.edu.gr DECEMBER Managing Change for Competitive Success by Dr. Loizos Heracleous, Fellow in Strategy and Organization, Templeton College, University of Oxford; Visiting Professor, ALBA. December 9 10, 2004 For further information you may visit www.alba.edu.gr/executive Press Conferences by L OREAL for e-strat Challenge - ALBA team 1st in Greece L OREAL HELLAS organized two press conferences, on October 4th and October 6th, in order to inform the media on e- Strat Challenge. The ALBA MBA team achieved an important distinction at this year s L OREAL e-strat Challenge 4: it was the 1st MBA team among Greek teams that participated in this competition. The ALBA ZORBAS team ranked 29th globally among 1000 teams that completed the game, whereas it ranked 16th among teams from European universities. The AUEB team that ranked 2nd in Greece was in the 48th place of global rankings. Let s all congratulate the ZORBAS team of Dotsios Panos, Tzedakis Stelios and Vasilopoulos Lykourgos, and wish them all the success in their endeavors!! Executive Development @ ALBA (exed@alba.edu.gr) Executive Development Programs Brochure - Year 2005 The new Brochure of the ALBA Executive Development Programs for the year 2005 will soon be available! The Executive Development Programs Department offers a full range of services, including extensive customer care and support. It aims to be in close relationship with companies and assist them in their effort to update, train and sensitize their executives in the latest trends and developments of modern management. For information you may contact the Executive Development Programs Department. Managing Young Global Enterprises: MYGLOBE: An Executive Program by & Drawing on our complementary strengths, INSEAD, ALBA and our other partner schools from across the globe offered a unique executive education program that provided a learning opportunity specific to Greek and Balkan firms; knowledge and insights developed through our faculty's experience with world-leading multinational firms; cutting edge research conducted by our faculty that has profoundly influenced how leading multinational enterprises function today; the opportunity to learn from fellow participants' experiences from other emerging markets; and the chance to transform yourself into a globally successful organization. The program was offered in two modules; the first was held at ALBA, Greece and the second at INSEAD, Fontainebleau, France. Participants had the opportunity to obtain vital new expertise in managing international companies and build synergies with one another! Volume 1, Issue 4 Page 2

Interview with Professor Nickolaos Travlos, ALBA Dean We interviewed the Dean of ALBA concerning new MBA in Banking, launched by the Hellenic Bank Association and ALBA 1. Dear Professor, can you please describe the overall philosophy of the Program? The ALBA-HBA MBA in Banking is addressing the educational needs of participants working in the Banking and other related financial sectors. The overall teaching philosophy of the Program is to create a learning experience, which assists bankers to: assess the current situation and foresee the major trends in the financial services industry; make quick decisions and adjust easily to new environments created by worldwide complex socioeconomic changes; operate successfully in an increasingly globalize environment; appreciate the importance of business ethics and corporate social responsibility; comprehend the general theoretical framework which supports their managerial decisions; and follow the basic academic research which prompts new applications in the areas of their responsibility. 2. What are the Program s main teaching characteristics? This is a flexible Academic Program, that takes into account the professional activities of its participants. The main teaching characteristics of the Program are the following: Academic excellence through the careful design and constant updating of curriculum that meets the needs of contemporary management, through the high standards employed in the selection of its students, as well as through the composition of a faculty distinguished in terms of both the teaching and research records of its members; Integration of business functions through case studies and team teaching for selected courses; Focus on managerial decision making skills by emphasizing on how theory applies to real world cases; Development of strong behavioral skills (e.g., communication, interpersonal and negotiating skills and team spirit); Use of modern technology (e.g. internet, video tapes, statistical packages); Global scope as it is demonstrated by the international material covered, the instructors teaching in the Program and the formal links with reputable international business schools; Incorporation of practical aspects by inviting top executives as quest speakers from the banking industry The Program consists of 20 full courses, one workshop, and a Group Field Consulting Project. In addition, the program will offer several workshops on practical issues offered by top banking executives. It is noteworthy that the Program lasts two years and it meets twice a week (weekdays) or on Saturdays, depending on demand. For information on the Program you may contact: Ms. K. Nolka, Hellenic Banking Institute, tel: 210-3386407, or Ms. M. Georgiou, ALBA, tel: 210-8964531. 3. Which candidates are eligible for the Program? Mr. Gortsos, General Secretary of the Hellenic Bank Association, and Dean Travlos at the MBA in Banking presentation on October 25. The typical participants are Employees of Banking Institutions in Greece, with a University degree and a minimum of three years of work experience and being at least 26 years old. A very good command of the English language as evidenced by Proficiency or TOEFL score (over 213) and GMAT (Strongly recommended) is necessary as well as good communication skills, team spirit, and leadership potential. All candidates must submit the application form, recommendations and official transcripts, and must be interviewed by the admissions committee. Thank you very much for your time! Volume 1, Issue 4 Page 3

Applied Research & International Projects (ARIP) Mobile Youth aims to identify the mobile technologies usage patterns in the high school to university age segment and is funded by the Greek Ministry of Development. After the finalization of the pilot qualitative research undertaken by a team of ALBA and AUEB researchers in the Ellinogermaniki Agogi Schools, the actual qualitative survey will be conducted in five high schools-lyceums and one university in several Greek regions. In this qualitative research the usage patterns of the mobile technologies in the target age segment will be examined. THENEXOM (European Thematic Network for the Excellence in Operations and Supply Chain Management Education, Research and Practice) aims to create a pan-european network of Academics (Professors and Researchers) in the fields of Operations (OM) and Supply Chain Management (SCM) and is funded by the European Commission. Currently, a census of researchers and professors in the fields of OM and SCM in all European countries is been developed. After the completion of the census, a survey of teaching and research practices in the European countries will be conducted based on a specialized questionnaire which is currently under development. The final outcomes of the project will be a network of specialised individuals in the field of OM and SCM and a report identifying practices in the OM and SCM teaching in the European countries. So far, twenty five (25) Academics (Professors and Researchers) from Greek Universities participate in the Greek national THENEXOM network. ALBA wishes to invite all interested professors and researchers of OM and SCM to visit the website http://www.thenexom.net and include their contact details in the census section (as username and password please use thenexom and om2004 respectively). ALBA ENTREPRENEURSHIP GUIDE The ALBA ENTREPRENEUR- SHIP GUIDE, with all the latest developments in the field of new business founding, formation and funding in Greece, is now available. The ALBA ENTREPRENEUR- SHIP GUIDE was first published in 1999 and it is updated annually by ALBA s Applied Research & International Projects Department, in order to include the latest developments in the field. It is part of ALBA s effort to cultivate the entrepreneurial spirit among its students and alumni, and enhance the entrepreneurial activities in the Greek economy. INDIC@TOR (A cross-cultural study on the measurement and enhancement of employability in small and medium-sized ICTcompanies) is a EC funded research project with the main target of identifying ways to measure and develop the employability of ICT professionals throughout their career. Moreover, the project aims at the development of training systems and management tools that will enforce employability of ICT professionals. In this framework, a survey is about to begin in Greece and another 6 European countries. A special web survey has been developed consisting of two questionnaires, one for the ICT professional and one for his/ her supervisor. After the ICT employee and his/ her supervisor fill in the dedicated questionnaires, the employee gets (free of charge) a full report with his/her employability characteristics (strengths and weaknesses) as well as advices for further actions that this employee should undertake in order to further develop (or sustain) his/her employability opportunities. The invitation to participate in this survey has been sent to approximately 200 IT companies in Greece. If you are an IT professional and you are interested in this survey please contact Ms. Zoe Kourounakou, tel: 210-8964531, e- mail: zkouroun@alba.edu.gr or visit: http://www.indicator-ict.com Now, the full ALBA 2004 ENTREPRENEUR- SHIP GUIDE is available (free of charge in Greek) to anyone interested at: www.alba.edu.gr/uploads/fundingguide20 04.pdf. For information, you may contact Mr. Aristotelis Alexopoulos tel: 210 8964531, e-mail: alexopo@alba.edu.gr. Volume 1, Issue 4 Page 4

Events Past Events Professional MBA Program Presentation: September 15, 2004, at the NJV Athens Plaza Hotel MSc in Strategic Human Resources Management Presentation: September 20, 2004, at the NJV Athens Plaza Hotel ALBA Open Day: September 22, 2004, at the ALBA premises MSc in Business for Lawyers Presentation: September 27, 2004, at the NJV Athens Plaza Hotel ALBA Graduation Ceremony: October 7, 2004 MBA in Banking Launch: October 25, 2004, at the NJV Athens Plaza Hotel Upcoming Events Entrepreneurship International Conference coorganized with the Federation of Greek industries (ΣΕΒ), the Hellenic Management Association (ΕΕ Ε), and the Entrepreneurship Club: November 9-10, 2004, at the Athens Concert Hall 3rd Marketing Directors Forum organized by BOUSSIAS COMMUNICATIONS with the scientific coordination of ALBA: December 10, 2004, at the Sofitel Athens Airport Hotel Event in Skopje : November 25, 2004, at the Best Western Tourist Hotel World MBA Tour 2004: Frankfurt (16/10), Masterclass in Athens by ALBA (22/10) ALBA Graduation - Fall 2004 The ALBA Graduation for the Year 2004 took place on October 7th, 2004, at the Athens College Theatre. The Keynote Speaker was Professor P. Nikiforos Diamandouros, The European Ombudsman, and his address was titled: The dual role of the ombudsman. The Outstanding faculty research Award was presented to Dr. Olga Epitropaki, Assistant Professor of Organizational Behavior and Human Resources Management, whereas the Field Consulting Project award was presented to two MBA teams this year for the projects Activity Based Costing System Design assigned by P.N. GEROLYMA- TOS S.A. and Marketing Plan for the ebanking Service (WinBank) assigned by PI- RAEUS BANK S.A. Last but not least, the Special Business Plan Award was presented to the MBA team MedInnov S.A. that represented ALBA to the European Business Plan of the Year Competition 2004. Finally, a short address by Ms Stella Mariou, Secretary General of the ALBA Alumni Association closed the 2004 Graduation. ALBA in the World MBA Tour 2004 ALBA had a strong presence in this year's World MBA Tour with participation in two European cities: Frankfurt (16/10) and Athens (22/10). Potential candidates had the opportunity to get information on ALBA's MBA programs as well as its various activities. The Athens Fair, which was organized for the third time, took place on Friday, October 22nd, 2004 at the Hilton Hotel, 17:00-21:00. It is noteworth that ALBA conducted the Masterclass in Athens, titled 'Marketing with an Entrepreneurial Spirit', which was presented by Dr. Vasilis TheoharakisAssociate Professor of Marketing & Entrepreneurship at ALBA. ALBA participated for the third time in the WORLD MBA TOUR, the largest Business School fair in the world. The Tour gives the opportunity to potential candidates to meet with admissions directors of universities offering MBA programs, and obtain a wide range of information on program content, costs and duration, financial aid and postqualification career options. To be updated on ALBA events, visit: www.alba.edu.gr Prof. Diamantouros at the ALBA graduation Dr. Theoharakis during the World MBA tour Masterclass in Athens. Volume 1, Issue 4 Page 5

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New Knowledge Created at ALBA We aspire to be a leading centre of academic excellence in business management in Europe. We are driven by the ambition to contribute to the generation of new knowledge by undertaking state-of-theart research that is internationally recognized for its quality and is published in the best international academic journals and in books by international publishers (Excerpt from ALBA s Mission) ABSTRACTS OF ALBA s FACULTY RECENT PAPERS Nikolaos Tessaromatis (with Mario Levis), Style rotation strategies: Issues of implementation, The Journal of Portfolio Management, Vol. 30, 4, Summer 2004. Effective implementation of market timing and style rotation strategies poses challenging questions to an active fund manager. In addition to the problems associated in devising a truly viable forecasting model, style rotation has direct implications on portfolio risk constraints and transaction costs; furthermore, implementation depends on institutional constraints and the in-house investment philosophy. Using a variety of implementation rules that explicitly control for risk, we find that style rotation strategies are profitable for investors with different benchmarks and various risk constraints. More specifically, style rotation is as feasible for hedge fund managers who target absolute returns as it is for traditional fund managers who face tight risk constraints. The break-even transaction costs required before the style rotation strategies become unprofitable, are reasonable especially for fund managers who invest in medium sized companies. Kostas Axarloglou, Labor market conditions and foreign direct investment flows in the US States, Atlantic Economic Journal, March 2004, 32, 1, pp. 62-66 This study finds that FDI inflows in the U.S. States are strongly influenced by industry and state specific labor productivity and also by state spending on education. A 10% increase in the productivity of labor in a given State increases the inflows of capital in the same State by approximately 11%. Moreover, a 10% increase in spending on education in a given State leads to a 12% increase in FDI inflows in the same State. These findings are quite relevant for the ongoing discussion on the lack of FDI inflows in the Greek economy. Perhaps, if FDI inflows are desirable for the Greek economy, then policy makers should undertake policies that lead to a more educated and productive labor force. After all that is what multinational seem to appreciate when entering a foreign market. Sarah Drakopoulou Dodd (with Sarah L Jack, Alistair Anderson), "The role of family members in entrepreneurial networks:beyond the boundaries of the family firm, Family Business Review, Forthcoming. Research has traditionally concentrated on formal kin involvement in the family business. This study investigates if, to what extent, and how entrepreneurs capitalised on resources embedded in the family, but beyond the formal traditionally-defined boundaries of the family firm. Employing both quantitative and qualitative approaches, the study finds that about one quarter of our sample s entrepreneurial network ties were kin, and that most of these worked outside the formal family firm. These ties provided a range of very important resources, both professional and affective in nature. Such beneficial ties extend the family firm without incurring the typical hazards of external linkages. RECENT PAPERS BY ALBA s FACULTY IN LEADING INTERNATIONAL JOURNALS Kostas Axarloglou, New Products and Market Competition, International Advances in Economic Research, 10, 3, 2004. Olga Epitropaki (with Martin, R.), From ideal to real: A longitudinal study of the role of Implicit Leadership Theories on Leader-Member Exchanges and employee outcomes, Journal of Applied Psychology (forthcoming) Olga Epitropaki (with Hogg, M. A., Martin, R., Mankad, A., Svensson, A., & Weeden, K.), Effective leadership in salient groups: Revisiting leader-member exchange theory from the perspective of the social identity theory of leadership, Personality and Social Psychology Bulletin (forthcoming) Olga Epitropaki (with Martin, R., Thomas, G., Charles, K., & McNamara, R.), The role of Leader-Member Exchanges in mediating the relationship between locus of control and work reactions, Journal of Occupational and Organizational Psychology (forthcoming) Olga Epitropaki (with Totterdell, P., Wall, T., Diamond, H. & Holman, D.), Affect networks: A structural analysis of the relationship between work ties and job-related affect, Journal of Applied Psychology (forthcoming) Nikolaos Mylonopoulos, (with I. Sideris), "A participative simulation game in mobile business strategy", International Journal of Information Technology Education, Vol. 1, No. 1, 2004. Volume 1, Issue 4 Page 7

Experience from our Alumni smooth materialization of a complex venue operational plan. Everything seems uncomplicated when preparing the plans. But when the implementation part comes, then you have to be as precise, as fast and as flexible as you have to be. Another aspect was to enforce the accomplishment of the contractual obligations having to meet all demands and expectations of the constituent groups such as athletes, VIPs, spectators, media and broadcasters. In addition, I faced a big challenge by having to maintain the venue team s spirit balanced and motivated and all that by promoting the adaptation of a multi-national mentality. Finally, I had to meet the expectation of ATHENS 2004 by implementing the philosophy Unique Games on a Human Scale. I would like to think that I contributed to that in the best possible way. 4. Do you believe that the ALBA Professional MBA helped you acquire the knowledge and skills in order to be able to meet the requirements of We interviewed Mr. Vassilis Kokkolis (P-MBA 5), Deputy Venue Manager at the Olympic Stadium, during the Olympic Games ATHENS 2004 1. Dear Mr. Kokkolis, can you please describe your role and responsibilities in the ATHENS 2004 Organizing Committee for the Olympic Games? Working for the Olympic Games, especially in my country, was a dream of mine. In the Organizing Committee I have been working since 2002 and it was a valuable experience, which changed many aspects of my life. For one and a half year, before we moved to the venues, my main responsibility was the operational design of the Olympic Stadium as well as the planning of its operation during the Olympic and the Paralympic Games (Opening & Closing Ceremonies, Athletics, Football). In addition to that, I had the responsibility of planning and designing the transition schedules (Opening Ceremony to Athletics, Athletics to Football Final and back to Athletics, Athletics to Closing Ceremony, etc). We moved to the Olympic Stadium three months before the Games. There, as the Deputy Venue Manager, my responsibilities were the implementation of the operational planning, the coordination and the management of all the functional areas that composed the Venue Team, following the predetermined requirements and specifications. Our target was to provide to all constituent groups the level of service that has been agreed during the planning. Finally, one of my main duties was the issue resolution before they become problems in the different sections involved. 2. Which do you believe are the main ingredients of the ATHENS 2004 Olympic Games success? What was the contribution of volunteers? Enthusiasm, native pride, will, passion, and dedication were the main characteristics of the Olympic personnel. The main ingredients of the Olympic Games success were the passion, the dedication and the professionalism of all the people involved. But what made the difference was the flexibility and innovation, which are strong parts of our The main ingredients of the Olympic Games success were the passion, the dedication and the professionalism of all the people involved. But what made the difference was the flexibility and innovation, which are strong parts of our Greek nature. Greek nature. The Olympic Volunteers were the motivating force and the soul of the Games. These were the people who helped the athletes, the visitors, and the spectators at the unique event. Even though Greeks were not famous for their sense of voluntarism, our volunteers diffused to the Athens Olympic Games the exceptional atmosphere, which was completely different than that of the previous Olympic Games. In Greece, volunteers faced the Olympic project as their opportunity to be a part of something immense, of something that for Greeks The was ALBA a national Insider matter: the Olympic Games that returned to their birthplace. Everyone was happy at the end having experienced the unique opportunity of being a part of the magic of the Games. 3. Which were the main challenges that you faced as Deputy Venue Manager of the Olympic Stadium? Every aspect of this complex event included a challenge for me. Probably the most difficult part was the such a demanding position, as the one you had in the ATHENS 2004 Olympic Games? The Olympic Games enclose two main characteristics that make them unique as an opportunity to work for: They were the biggest project ever for a small country like Greece, with thousands of parameters. Most of them were not sport oriented; yet they had the complexity of a universal project.only few people that worked for the Olympic Games had done something similar in the past. Based on the above, it is easy to understand that Olympic Games where an ideal opportunity to expand the knowledge and skills gained by the ALBA Professional MBA, as the implementation of all aspects of an operational planning cycle, Innovation, Establishing and facilitating procedures, Leadership, Negotiation and Human Resources. Mr. Kokkolis, thank you very much for your time! Volume 1, Issue 4 Page 8

The Voice of the ALBA Alumni Association It was with great pleasure that we welcomed another fresh batch of alumni, in October the 7 th, in a great ceremony held at the Athens College Theatre. 23 graduates from the Strategic Human Resources Management Program, 60 from the MBA Program and 23 from the Business for Lawyers Program, are adding to a total of 1122 ALBA graduates. The ALBA Alumni Association would like to congratulate all new graduates and to wish them the best in their professional career and their personal life. The Association is here to promote the interests and achievements of ALBA and its alumni and to provide services and programmes intending to enlighten, empower and advance ALBA s students, faculty, personnel and alumni. The flagship of AAA s services to its members is the series of executive seminars Learning for life, intending to the Alumni empowerment and continuous learning. The seminars organised up to January 2004 are the following: November 13 th, 2004, Emotional Intelligent Leadership, Dr. Olga Epitropaki, Assistant Professor of Organizational Behavior and Human Resources Management December 4 th, 2004, To Entrepreneur or Intrapreneur: Achieving Growth through New Product Development, Dr. Vasilis Theoharakis, Associate Professor of Marketing and Entrepreneurship January 22 nd, 2005, Practical Portfolio Management, Dr. Tessaromatis Nicholas, Senior Fellow in Finance For further information on the AAA Seminars, you may contact Ms. Vicky Moschopoulou, tel: 210 8964531-8, e-mail: vmoschop@alba.edu.gr The ALBA Staff at the Paralympics! On September 24th and 27th 2004, the ALBA Staff had the Opportunity to attend the Road Cycling events, both for men and women, of the Paralympic Games, which were held in Vouliagmeni. It was certainly an honor and a pleasure to attend the events and admire the efforts of all athletes. Curtains went down for Cycling Road on September 27th with Austria, Australia and Spain triumphing in the 12th Paralympic Games of Athens. ALBA welcomes two new Staff Members! α a ALBA Alumni Association Contact the ALBA Alumni Association: E-mail: aaa@alba.edu.gr Online ALBA Alumni Community: http://alumni.alba.edu.gr ALBA Alumni on the Move Koutrakis Ioannis (MBA 4), from Coca Cola Hellas SA, to Microsoft Hellas SA as Human Resources Director Kiosseoglou Athanassios (MBA 10) from Mathios Refractories SA to Titan Cement Co SA as Human Resources Executive Latinos Stefanos (MBA 9) from Compact SA to Attiki Gas Supply Co SA as Retail Sales Supervisor Lekkou Irene (MBA 9) from Hasbro Hellas SA to Nestle Hellas SA as Assistant Brand Manager Bertsekas Vangelis (MBA 9) from Elgeka SA to Logistics Services Hellas SA as Human Resources Supervisor Derdemezis Konstantinos (MBA 3) promoted to the Position of Chief Executive Director in Titan Cement Co SA, Skopje Xydas Markos (MBA 9) from Reckitt Benckiser Hellas Chemicals SA to Compact AE as Account Manager The ALBA Insider Two new members have joined the ALBA staff; Mr. Alexandros Kostiroglou, Marketing Director, and Mr. Stathis Petropoulos, Business Development Director, have joined the ALBA family on September 1st, 2004. Let s welcome both of them and wish them all the best! Volume 1, Issue 4 Page 9

ALBA Contact Information: ATHINAS AVE. & 2A AREOS STR. 166 71 VOULIAGMENI ATHENS GREECE Phone: (+30) 210 896 4531 Fax: (+30) 210 896 4737 The ALBAnac is designed and produced by the ALBA Communications & Corporate Relations Department. Please send us your news, comments and suggestions! E-mail: communications@alba.edu.gr www.alba.edu.gr NOT-FOR- PROFIT EDUCATIONAL ORGANIZATION OF GRADUATE STUDIES IN BUSINESS ADMINISTRATION ALBA e-mail addresses MBA Program mba@alba.edu.gr Professional MBA Program pmba@alba.edu.gr MSc in Business Studies for Law Practitioners buslaw@alba.edu.gr MSc in Strategic Human Resources Management mshrm@alba.edu.gr MSc in Finance msfinance@alba.edu.gr Executive Development Programs exed@alba.edu.gr Applied Research & International Projects appliedresearch@alba.edu.gr Marketing Department marketing@alba.edu.gr Communications & Corporate Relations communications@alba.edu.gr Career Services career@alba.edu.gr Library library@alba.edu.gr Faculty & Research facultyadmin@alba.edu.gr Public Events events@alba.edu.gr IT it@alba.edu.gr Accounting accounting@alba.edu.gr Alumni Office alumni@alba.edu.gr Volume 1, Issue 4 Page 10