PRESS RELEASE - 18 February 2022; Limassol, Cyprus, and Warsaw, Poland

In his new position, he will be responsible for further creating and supervising the strategy of the Group's international operations alongside all other members of the Board of Directors.

Costas will continue leading the investor relations and risk management departments and will be undertaking an active role in the Group’s investment projects, as well as participating in the education and professional development of the employees. He will be reporting to the CEO and Chairman of the BOD of ASBIS Group - Serhei Kostevitch. 

Costas Tziamalis has Master’s Degree in Finance and has been with the ASBIS Group for 20 years. He started his professional career in private banking at BNP Paribas in Cyprus, and then joined Brokerage House Proteas Asset Management. Within ASBIS, he went on a development path from Financial Project Manager, Corporate Credit Controller and Investor Relations Manager to Chief Risk Officer and Investor Relations Director. He actively participated in the development of the organization and strengthening its position on all markets. 

Serhei Kostevitch, CEO of ASBISC Enterprises Plc, commented: “Costas is one of the leading managers behind the success of ASBIS. Until now, he not only efficiently supervised the Group’s risk management and our investor relations activities, but also actively assisted the development of the entire organization. He has been there when the Group faced multiple crises and helped the company coming out stronger. Costas has also proved that he has the business acumen to make things happen and the talent to motivate people and get the best out of them. For many years, he has been actively involved in the creation and implementation of our strategy. I am convinced that together we will take ASBIS to even higher levels. 

Costas Tziamalis, Deputy CEO of ASBISC Enterprises Plc, commented: “I have spent 20 years at ASBIS, so it is like a family for me, which I need to care for and build stronger. ASBIS has always set high standards and the results that we achieved gave us all a lot of satisfaction. As a multi-cultural organization with strong management and excellent team, ASBIS is a leader in many markets where it operates. I am honored by this promotion, which motivates me to make even greater effort to develop ASBIS, and I want to assure the people who believed in me that I will do my best to make ASBIS a much bigger and more profitable organization. I believe that our most important task now will be to capitalize on the success and the foundations of the previous years but also to develop the company through new challenges, which are currently appearing ahead of us.”

For additional information, please contact:  

Iwona Mojsiuszko
8Sense Public Relations
Tel. +48 502 344 992

About ASBISc Enterprises Plc 

ASBIS Group is a leading Value Add Distributor, developer and provider of IT, IoT products, solutions and services to the markets of Europe, the Middle East and Africa (EMEA) with local operations in Central and Eastern Europe, the Baltic republics, the former Soviet Union, the Middle East and North Africa. 

The business of ASBIS is based on three pillars:
1. Distribution of hardware and software for Client Computing and Data Centers, consumer electronics thru:
    a.   Retail chains and e-tailers
    b.   Resellers to small and medium business
    c.   Large enterprises.
2. Full stack in creation of world class products. From scientific research and development to design and engineering, firmware and software, production and marketing of IT and IoT products and solutions via own brands:
    a.     Prestigio (smart devices and accessories, innovative solutions for business and education, etc.)
    b.     Canyon (smart watches, power banks, accessories for computers and mobile devices)
    c.      Perenio (IoT platform, IoT routers, applications and peripherals for smart office/ home, smart health).
    d.      Aeno (small home appliances).
3.     Complex solutions sales projects to large enterprises via extensive networks of System Integrators and Value Add Resellers. 

ASBIS was founded in 1990 in Belarus, since 1995 operates from Cyprus. Company has two master distribution centers located in the Czech Republic and in the United Arab Emirates, subsidiaries in 27 countries, more than 2,000 employees and about, 20 000 active customers in 56 countries worldwide. In 2020, the Group delivered sales of nearly USD 2.4 billion. 

The Company’s stock has been listed on the Warsaw Stock Exchange since October 2007 under the ticker symbol “ASB” (ASBIS). 

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