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New CEO appointed by The Bank of Cyprus

The board of directors of The Bank of Cyprus made an announcement that it had appointed the new CEO of the group. Panicos Nicolaou will change in this post John Patrick Hourican, subject to approval by the European Central Bank (ECB), and will formally take the duties upon receiving the approval.

The new CEO joined the bank in 2001, and since 2016, when he was promoted to the position of director of the corporate banking division, has been responsible for managing the corporate banking centres in Cyprus, the international corporate banking centre and international operations, as well as the bank’s factoring unit. Also, since 2016 he has been the member of executive committee of the bank.

In the months ahead Nicolaou as CEO-designate will work closely with Hourican to support a smooth transition period.
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