Victor Papaconstantinou
Senior Director
Quick facts
20+ years of experience in finance and general management
Expertise in corporate restructurings and turnarounds
Background in oil and energy, packaging and industry
Chemical Engineer, ACCA and MBA
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​Victor Papaconstantinou is a Senior Director with Alvarez & Marsal in Athens, with a background in company restructuring and turnaround and an experience of more than 20 years in finance, operations and general management.

Prior to joining A&M, Mr Papaconstantinou spent 6 years in Hellenic Petroleum Group, where he progressed through a number of different positions. Victor joined the group as International Operations and Finance Control Director, covering 14 companies in eight countries, with responsibilities comprising strategy formulation and business development; finance analysis and control; major contract negotiations and business divestments; cash flow management and investment appraisal. Mr Papaconstantinou later took over the position of CEO of OKTA, Hellenic Petroleum's refinery in FYROM, a 400m€ revenue company, where he managed the complete transformation from a loss-making former monopoly industrial company to a profitable, competitive, commercially focused organisation. The turnaround included the complete redesign of the company's commercial policy; implementing radical efficiency and reorganisation projects, reducing headcount and opex by ¼; transforming the company's logistics and product handling operations;  and implementing company-wide culture-changing initiatives. Upon his return to headquarters, Mr Papaconstantinou took over the position of Director of International Activities and later he was appointed Senior Director in charge of the Group's Petrochemicals business.

Previously, Mr Papaconstantinou held the position of CFO in M.J. Maillis Group, a listed, industrial group with production and commercial operations in 18 countries through 28 subsidiaries. In his role as CFO and executive member of the holding company's board of directors, Victor designed, managed and negotiated with the group's local and foreign lenders the group's debt restructuring. The process also included the restoration of liquidity, the rationalisation of operations across the Group, the restructuring of production facilities and the migration to a new organisational culture.

Earlier, Mr Papaconstantinou served as CFO in Air Liquide Group in Greece, an industrial and healthcare company, with five production facilities in the country. Prior to that, Victor spent nine years in the Corporate Finance department of PwC, focusing on mergers and acquisitions, strategic advice, company valuations and corporate restructuring. During the time, Mr Papaconstantinou advised on some of the largest corporate deals in Greece and participated in transactions in most European countries.

Mr Papaconstantinou is a Chemical Engineer from National Technical University of Athens. He later earned a Masters degree in Business Administration with distinction from Warwick Business School. Victor is also a Chartered Certified Accountant and a Fellow of the Association of Chartered Certified Accountants (ACCA). A Greek national, Mr Papaconstantinou is fluent in Greek and English and has a working knowledge in French.