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Bank of Cyprus chairman Andreas Artemis submits resignation

Staff writer |
Nicosia, Cyprus - March 27, 2013, Nicosia, Cyprus - Bank of Cyprus announces the resignation of its chairman Andreas Artemis and four members of the board of directors.

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Mr. Artemis he studied Civil Engineering at the Queen Mary and Imperial Colleges of London University and holds a B.Sc. (Engineering) and a M.Sc. degree. He is Chairman of Commercial General Insurance and its associated companies. He is also a member of the Board of Directors of the Cyprus Employers and Industrialists Federation and of the Council of the Cyprus Red Cross Society.

He has served for a number of years on the Board of Directors of the Cyprus Telecommunications Authority and since 1996 he is the Honorary Consul General of South Africa in Cyprus. He is a member of the Board of Directors of the Bank of Cyprus Group since March 2000. He was elected Vice-Chairman of the Board of Directors in May 2005 and Chairman of the Board of Directors in August 2012.

The following members of the Board of Directors have today submitted their resignation: Vassilis G. Rologis, Costas Z. Severis, Anna Diogenous and Takis Arapoglou.

Vassilis G. Rologis studied Law and Business Administration, with specialisation in Marketing, in the United Kingdom. He has worked in the United Kingdom and in Greece. He was Vice-Chairman of the Cyprus Chamber of Commerce and Industry (1990-1996) and Chairman from 1996 until 2005.

From 1980 to 1994 he was a member of the Board of Directors and from 1994 to 2005 he was Chairman of General Insurance of Cyprus. He served as Chairman of Cyprus Airways and Eurocypria Airlines (1993-1997). During 2001-2002, he served as Chairman of the Association of Balkan Chambers. He is a member of the Board of Directors of the Eurochambers, based in Brussels. He is a member of the Finance Advisory Committee, the Commerce and Industry Advisory Committee and the Cyprus delegation at the International Labour Organisation.

Mr. Rologis is a member of the Board of Directors of Bank of Cyprus since 1988. In 2004, he was elected Vice-Chairman and in 2005 he was elected Chairman of the Board of Directors of the Bank. In 2006 he resigned from the Chairmanship. He remains a member of the Board of Directors of Bank of Cyprus and he is a member of the Nomination and Corporate Governance Board Committee. He is also the Chairman of Bank of Cyprus UK and Bank of Cyprus Channel Islands.

In 2007 he was elected Chairman of the International Chamber of Commerce Cyprus and in December 2008 he was elected Honorary Chairman by the Annual General Meeting of the Cyprus Chamber of Commerce and Industry. As honorary and past Chairman, he is also a member of the Executive Committee of the Cyprus Chamber of Commerce and Industry.

Costas Z. Severis studied Economics (MA Honours) at the University of Cambridge. He is Honorary Consul of Finland in Cyprus since 1989. His main business activities are paper import and insurance. He is a member of the Board of Directors of Bank of Cyprus since 1991. He is also a member of the Board of Directors of the Cyprus Employers and Industrialists Federation and of other public companies.

Anna Diogenous holds a B.Sc. (Econ.) degree from the London School of Economics. She has completed the Executive Leadership Program of the CIIM. She is Executive Chairwoman of P.M. Tseriotis Ltd, the holding company of the Tseriotis Group. She is a member of the Board of Directors of Bank of Cyprus since 2002. She is also a member of the Board of Directors of various other companies. She has served as a Board member of the Junior School in Nicosia.

Takis Arapoglou studied Mathematics at the University of Athens, Naval Architecture at the University of Glasgow and Management at Brunel University. He is presently CEO of commercial banking and executive board member of EFG Hermes Holding SA listed in Cairo and London SE. Between 2004 and 2009 he was chairman and CEO of the National Bank of Greece Group and chairman of the Hellenic Banks Association.

Prior to this, he was Managing Director and Global Head of the Banks and Securities Industry for Citigroup (2000-2004), based in London, General Manager of Citibank in Greece (1997-2000), General Manager of American Express Bank in Greece (1994-1997) and executive chairman of the Ionian Bank in Greece (1991-1993). In the period between 1978 and 1991 he worked in London for Paine Webber Inc. and Citicorp investment bank as an international capital markets executive.

Mr. Arapoglou has served in a number of international advisory boards of financial institutions, as well as on boards of educational and cultural foundations such as the Institute of Corporate Culture Affairs in Frankfurt, where he was chairman.

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