Libra Group Announces New Chief Sustainability Officer

May 27, 2022

[May 27, 2022, New York, NY] Today Libra Group, a privately-owned international business group whose global subsidiaries own and operate assets in over 50 countries, announced the appointment of Arguiró Elefteriu as the Group’s first-ever Chief Sustainability Officer.

In the newly created role, Elefteriu will lead the Group’s environmental, sustainability and governance framework for Libra Group and advance the United Nations’ Sustainable Development Goals (SDGs) across the Group’s global subsidiaries, predominately active in sectors including shipping, aviation, renewable energy, hospitality, real estate, and diversified investments. Elefteriu joins the New York-based Group’s executive leadership team reporting to the Chairman and CEO.

“This is a pivotal moment for our Group, and Arguiró’s leadership will allow us to accelerate our adoption of new technologies and advance ESG throughout Libra’s global platform,” said George M. Logothetis, Chairman and CEO of Libra Group. “Over the last 45 years, what started as a humble shipping business has transformed into a diversified company with subsidiaries around the world. While we grow, we remain governed by our deep values – including responsibility and respect for our planet and communities within it. This appointment is a critical next step as we formalize our ESG commitments throughout our organization, and leverage new paradigm-shifting technologies to combat climate change and green our sectors.”

A veteran of Libra Group, Elefteriu first joined the company in 2004 working for the Group’s multifamily real estate subsidiary, Elandis. She later joined Libra Group’s New York headquarters to lead the office of the Chairman and CEO. From 2019 to 2020, she was Head of Business Development for Genesia, leading the company’s expansion into Colombia, Peru and Uruguay. She returned to Libra Group in 2020 as an advisor to the Executive Team.

“I’m grateful for this opportunity to formalize Libra Group’s values and sustainable business practices to ensure our portfolio meets, and where possible exceeds, best practices in sustainability. We will continue to challenge ourselves to push the envelope of what is possible, including seeking out partners whose missions align with our own, and advancing the UN SDGs,” said Elefteriu. “We are building an ESG program with a goal of raising the standard for ESG reporting within our ecosystem, helping our subsidiaries drive sustainability, climate action, employee engagement and social responsibility.”

Libra Group has a strong track record of cyclical investment focused in six sectors, including shipping, aviation, renewable energy, hospitality, real estate, and diversified investments. Active on six continents, the Group has long been committed to aligning business with its values to advance sustainability, climate action, employee engagement and social responsibility. The Group is continuing to transform its sectors, including novel partnerships. For example LCI, Libra Group’s aviation subsidiary, recently announced a partnership with BETA Technologies to acquire up to 125 of their electric vertical take-off and landing (eVTOL) aircraft, and Greenwood Energy recently unveiled the Terra Initiative utility-scale solar project designed with and for the Indigenous tribes of Colombia. Learn more here.

About Libra Group

Libra Group (www.libra.com) is a privately-owned international business group whose subsidiaries own and operate assets in more than 50 countries. The Group is predominantly active in six sectors, including several vital to the global economy. These sectors include renewable energy, aviation, hospitality, real estate, and shipping as well as selected diversified investments. The Group has also created 10 social responsibility programs that have a positive impact on the lives of many people around the world. These programs reflect the Group’s values, as well as a deep commitment to ESG at the core of everything we do.

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