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Motor Oil Hellas was founded on May 7, 1970, by Vardis Vardinogiannis and Georgios Paraschos Aleksandridis. It is headquartered in Marousi, Greece. [1] Since 1972 Vardis J. Vardinoyannis has been chairman and managing director. [7]
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The company is transitioning from a government-owned enterprise to a privately held enterprise. 21.8% of its shares are available to the public through a float on the Athens Stock Exchange, with the Greek government retaining 35.5% and Paneuropean Oil and Industrial Holdings S.A. (a Latsis family holding company) owning the remaining 45.5% of ...
The company was the first to sell multi-grade motor oil and is currently North America's largest private, independent blender of motor oils and industrial lubricants. [2] Amalie primarily produces private label products for companies such as Walmart , O'Reilly Auto Parts , Advance Auto Parts , Carquest and AutoZone but is starting to sell its ...
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The family controls Motor Oil Hellas, where Vardinoyannis is Chairman and Chief Executive Officer, [5] while he is also serving as Chairman and CEO in Avin Oil. [8] In the past he served as non-executive board member in Piraeus Bank [9] until June 2012. [10] He is the principal shareholder of the Cairo-based Vegas Oil and Gas.
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