Feb 23 β€’ 10:58 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

The CEO who wants to gain more... fans

Kostas Nebis, CEO of OTE, is successfully reversing the downturn of the Athens stock market by driving up the company's share price.

In the context of a struggling Athens stock market, Kostas Nebis, the CEO of Greece's largest telecommunications company OTE, is implementing strategies that have led to an impressive increase in the company’s stock price, which has recently surged to around 17 euros, marking a gain of up to +8.4% in February alone. This performance stands in stark contrast to the volatility affecting the broader market. Nebis's leadership has not only seen OTE outperform its competitors but also reflects a strategic accumulation phase that precedes these gains.

With less than two years in his role, Nebis has effectively steered OTE to maintain a strong market share in both fixed-line and mobile telecommunications, consolidating its position amidst competitive pressures. Analysts have observed a positive differentiation in OTE’s performance that can be attributed to the management decisions being made under Nebis's directorship. As the market fluctuates, OTE appears to be on a more stable path, suggesting confidence in its operational strategies.

The implications of Nebis’s approach extend beyond stock prices; they signify a possible turnaround in investor sentiment towards OTE and its future prospects in the telecommunications industry. As the company continues to navigate these challenging market conditions successfully, it could set a benchmark for other firms in similar sectors, highlighting the impact of effective leadership on overall market performance.

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