Bank of Cyprus announces executive restructuring following Pouagare's retirement

The Bank of Cyprus has announced a significant organizational restructuring of its leadership team, timed to coincide with the upcoming retirement of long-standing executive Charis Pouagare, who will step down in December 2026. The move is intended to streamline operations and ensure continuity following the departure of the senior official.

The restructuring involves a reallocation of responsibilities among key executives. Dimitris Th. Dimitriou, currently the Chief Risk Officer, will transition to the role of Chief of Wholesale Banking (Cyprus), overseeing Corporate and SME banking alongside International Business Units. Under his new leadership, Xenios Konomis will serve as Director of Corporate and SME Banking, and Charis Pistos will become Director of International Banking. Stefanos Lazarou, previously the Manager of Strategy and Market Risk, has been appointed as the new Chief Risk Officer, reporting directly to the Risk Management Committee of the Board of Directors. Additionally, Anna Sophroniou, the current Director of REMU and RRU, will assume the role of Executive Director of International Corporate Banking and Wealth, expanding her portfolio to include international operations.