Libra Internship Program Launched

September 1, 2011

Libra Group, a privately owned international business group, has announced the launch of its International Internship Program for a select 20 students per annum to be run in cooperation with The American College of Greece and the Greek America Foundation. The program will initially select 10 students from the American College of Greece to first study abroad at a university in either the US or Europe and then intern with Libra Group and its subsidiaries around the world. The second phase will see a further 10 students from North America selected from the Greek America Foundation’s network to undertake summer internships with Libra Group and its subsidiaries.

“Libra Group is a young and dynamic organization which has experienced significant growth over the past decade,” said George Logothetis, Chairman and CEO of Libra Group. “We are pleased to be able to launch a global internship program which will provide opportunities for students to learn about our businesses, strategy and management philosophy while they further develop the skills that will ensure their future success. We fully expect to expand the scope and scale of the program in the years to come.”

The students will be assigned an internship with one of Libra Group’s subsidiaries which primarily span shipping, aviation, hospitality, real estate and renewable energy. Interns will be based at one of the group’s 18 key international locations which include New York, Miami, London, Athens, Beijing and Buenos Aires. The internships will include an allowance towards transportation and living expenses for the students selected.

Commenting on the launch of the program, President David Horner of The American College of Greece stated: “We are very excited about the Libra Internship Program; our students will gain invaluable work experience at a leading business group and through study-abroad will be exposed to challenging new learning environments. We are grateful to Libra Group for its generous support and believe the participating students will return to Greece to share their experience, making them agents of change in a global economy and serve them well throughout their lives.”

“Given the significant economic challenges that Greece is facing, I believe that those of us with Greek origins have a duty to assist in any way we can,” added Mr. Logothetis. “The aim of our internships is to provide a real-life program for students to get involved in a wide variety of businesses in global economic centres and use that experience to build their careers and benefit their communities.”

Gregory Pappas of the Greek America Foundation said: “We are fortunate to partner with Libra Group on such an important endeavour that will offer young people a springboard to opportunity and professional development like no other program in our community – not to mention an unforgettable global experience. To us, service to young people is at the very core of our mission and we’re grateful to Libra Group for this partnership.”

This major undertaking by Libra Group which includes funding of overseas study for students from the American College of Greece is being managed by a dedicated internship department based at the group’s New York offices.

Enrolment details are available from The American College of Greece at www.acg.edu and the Greek America Foundation (www.greekamerica.org).

Full details of the program are available on www.librainternship.com.

For further information, please contact:

Rich Tauberman
MWW Group
Tel: +1 202 600 4546
rtauberman@mww.com

Gareth Zundel
Head of Communications
Libra Group
Tel: +44 20 7245 8700
internship@libra.com

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