Heads of Power Grid Operator ADMIE Resign After Pay Increase Furore

Monday, February 6th, 2017
Last Update: 23:04

The president and the CEO of the state-owned Independent Power Transmission Operator (IPTO or ADMIE) submitted on Monday their resignations to Energy and Environment Minister Giorgos Stathakis, who accepted them.

The resignation comes after New Democracy MP Konstantinos Skrekas revealed the two ADMIE executives, Manolis Koroniotakis and Ioannis Blanas, used a 2015 law to increase their wages to 20,000 euros per month and receive a one-year back pay totaling 200,000 euros each.

According to a press release from the ministry, Koroniotakis and Blanas argued the increase in their salary was lawful and based on the terms of the contracts they signed, however, they pledged to return the sums to the company. Stathakis accepted their resignations.(source: ana-mpa)

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