CEO of Greek jeweller Follie steps down

Folli Follie SA

18/12/2018 19:20

ATHENS, Dec 18 (Reuters) - The chief executive of troubled
Greek jewellery maker Folli Follie has resigned, the company
said on Tuesday.
    The resignation of George Koutsolioutsos comes after a hedge
fund report in May sent Follie's shares into a tailspin,
prompted a legal investigation, a fine from the Greek securities
watchdog and the resignation of the company's
founders. urn:newsml:reuters.com:*:nL8N1YC5ME
    "The board of Folli Follie Group accepted the resignation
and asked him to remain on the board as a non-executive member
to help the new management," the company said in a bourse
filing.
    Follie will announce a successor in due course, it said. 


 (Reporting by Lefteris Papadimas
Editing by David Goodman)
 ((lefteris.papadimas@thomsonreuters.com; +30 210 3376477;
Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))