Stavrou’s mandate took effect on October 3, 2022.
Over the last 28 years, Vassilis Stavrou has held various management positions at national and global level. Stavrou has vast experience in business and people management across various countries and multicultural environments, Valvis Holding said in a statement.
Stavrou had previously held the position of CEO of AB Vassilopoulos and of Mega Image and also held other important management positions within Delhaize Groups and AB Vassilopoulos.
In August 2022, Jean Valvis, the entrepreneur behinds the Aqua Carpatica, LaDorna and Dorna brands, signed an agreement with US giant PepsiCo for the sale of a minority stake in Carpathian Springs. Valvis ceded 20% of the shares to PepsiCo but retained control of the company and of the executive positions that would enable him to take Aqua Carpatica to global markets.
Aqua Carpatica, the brand created by Jean Valvis in 2010, has been present on 16 global markets since 2016.
Carpathian Springs, the company operating the Aqua Carpatica brand, had a turnover of RON333 million (EUR68 million) in 2021, up 20% from 2020, and a net profit margin of 14%, after a result of RON47 million, in line with finance ministry data. Carpathian Springs has on average 308 employees.