Galen University has a new president. It's not Doug Singh as has been erroneously reported on some media; instead, it is the school's co-founder and former president, Andreas Charalambous. A release from Galen University says that President since 2009, Dr. Louis Zabaneh, is stepping down so that Charalambous can quote, "plan the development of a school of veterinary medicine." End quote. But, our information says, it's not quite that simple. It's a decision by the board of directors - where Zabaneh formerly held a seat as a 6% shareholder but defaulted on his loan two years ago, and in July 2012 the majority owner and co-founder Kostas Karanikis took control of the Board of Directors. The board kept on Zabaneh as President, until this transition.
Doug Singh is the Chairman of the Board of Trustees - and is managing Zabaneh's departure.
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