REG - Bank of Cyprus Hldgs - Changes in the composition of the BOD

Bank of Cyprus HoldingsAnnouncement

11/12/2023 15:00

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RNS Number : 3785W  Bank of Cyprus Holdings PLC  11 December 2023

 

 

 

Announcement

 

 

Changes in the composition of the Boards of Directors

 

 

Nicosia, 11 December 2023

 

 

 

 

 

 

 

Group Profile

The Bank of Cyprus Group is the leading banking and financial services group
in Cyprus, providing a wide range of financial products and services which
include retail and commercial banking, finance, factoring, investment banking,
brokerage, fund management, private banking, life and general insurance. At 30
September 2023, the Bank of Cyprus Group operated through a total of 64
branches in Cyprus, of which 4 operated as cash offices. The Bank of Cyprus
Group employed 2,913 staff worldwide. At 30 September 2023, the Group's Total
Assets amounted to €26.4 bn and Total Equity was €2.4 bn. The Bank of
Cyprus Group comprises Bank of Cyprus Holdings Public Limited Company, its
subsidiary Bank of Cyprus Public Company Limited and its subsidiaries.

 

Bank of Cyprus Holdings Public Limited Company ("BOC Holdings" and, together
with its subsidiaries, the "Group"), and Bank of Cyprus Public Company Limited
(the "Bank") announce that at their respective Board meetings held on 11
December 2023, the Boards decided the following:

 

1.   Resignation of Mr Nicolaos Sofianos from the Board of Directors

 

Mr Nicolaos Sofianos has today submitted his resignation as a member of each
of the Boards of Bank of Cyprus Holdings Public Limited Company and Bank of
Cyprus Public Company Limited.  His resignation is based on personal reasons.

The Boards of Directors accepted the resignation of Mr N. Sofianos and thanked
him for his valuable contribution to the Group over the years and wished him
every success for the future.

The resignation is effective immediately, i.e. as of 11 December 2023.

2.   Changes in the composition of the Audit Committee and Risk Committee

 

The Boards of Bank of Cyprus Holdings Public Limited Company ("BOC Holdings"
and, together with its subsidiaries, the "Group"), and Bank of Cyprus Public
Company Limited (the "Bank") appointed Adrian John Lewis as a member of the
Audit Committee (AC) and appointed Constantine Iordanou as Chair of the Audit
Committee (AC).

 

The changes are effective immediately, therefore as of this day the
composition of the Committees will be as follows:

 

Audit Committee (AC)

Constantine Iordanou (Chair)

Paula Hadjisotirou

Adrian John Lewis

 

Risk Committee (AC)

Monique Hemerijck (Chair)

Paula Hadjisotirou

Lyn Grobler

 

The composition of the rest of the Committees of the Boards remains the same,
as follows:

 

Nominations and Corporate Governance Committee (NCGC)

Takis Arapoglou (Chair)

Lyn Grobler

Yiannis Zographakis

 

 

 

 

 

Human Resources & Remuneration Committee (HRRC)

Constantine Iordanou (Chair)

Monique Hemerijck

Lyn Grobler

 

Technology Committee (TC)

Constantine Iordanou (Chair)

Ioannis Zographakis

Paula Hadjisotiriou

 

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