Bank of Cyprus announces organizational restructuring ahead of executive retirement

The Bank of Cyprus has unveiled a new organizational structure in anticipation of the upcoming retirement of Charis Pouagare, the Deputy CEO and Chief of Business, who is scheduled to step down in December 2026. This leadership transition aims to streamline operations and ensure institutional continuity while signaling stability to markets and shareholders.

As part of the restructuring, several key appointments were confirmed. Dimitris Th. Dimitriou will move from his current role as Chief Risk Officer to become the Chief of Wholesale Banking (Cyprus), assuming responsibility for Corporate & SME Banking and International Business Units. Under his leadership, Xenios Konomis and Charis Pistos will continue their respective roles. Stefanos Lazarou, previously the Manager of Strategy & Market Risk, has been appointed as the new Chief Risk Officer, reporting to the Risk Management Committee of the Board of Directors. Additionally, Anna Sophroniou, currently Director of REMU & RRU, has been named Executive Director of International Corporate Banking & Wealth.

These changes reflect a broader strategy to promote internal talent and strengthen the bank's managerial framework. The institution emphasizes that these appointments, effective in preparation for the upcoming departure, are designed to maintain administrative efficiency and support the bank's long-term strategic objectives.