Blog
BoC Announces Organisational Restructuring
August 29, 2019
Bank of Cyprus Holdings Public Limited Company has announced a revision of its organisational structure, organising the Group along the structural areas of Functions, Business and Legacy, for the creation of more focus and better alignment with the key objectives of the Group. These include substantially reducing the legacy portfolio, building the core business in the new digital era and streamlining the functional areas of the Group, with emphasis on digital transformation and cost reduction.
The below Executives will report directly to the CEO, Panicos Nicolaou and together with him will comprise the Executive Committee. The new organisational structure will be effective by 31 October 2019, subject to ECB’s approval for the new Executive Committee appointments.
In order to ensure better focus and customer engagement, the local business lines have been re-organised to create a clear distinction between Corporate, SME and Retail, which will be headed by the Deputy CEO, Charis Pouangare, who will also oversee International Banking. The Director Corporate Banking, Xenios Konomis, the Director SME Banking, Vyronas Vyronos, the Director Retail Banking, Theodosis Theodosiou and the Director International Banking, Harris Pistos will report to the Deputy CEO.