The Bank of Cyprus has announced significant changes to its board committees, effective from October 1, 2025. These adjustments aim to enhance governance and oversight within the institution.
- The Bank of Cyprus has announced significant changes to its board committees, effective from October 1, 2025. These adjustments aim to enhance governance and oversight within the institution.
- The board decisions made on September 22, 2025, reflect a commitment to governance excellence and the strategic direction of the Bank of Cyprus as it prepares for future challenges.
Board committees: New Leaders in Key Committees
The risk committee will see Monique Hemerijck stepping in as chair. She will be joined by Stuart Birrell, Christian Hansmeyer, and Andreas Kritiotis, marking a strategic reshuffle aimed at bolstering risk management at the bank.
Audit Committee Composition
In a parallel move, Irene Psalti has been appointed as the chair of the audit committee. Her team includes Adrian John Lewis, Lyn Grobler, Monique Hemerijck, and Georgios Syrichas. This new line-up is expected to strengthen the bank’s audit processes and accountability.
Leadership in Nominations and Governance
Takis Arapoglou will take the helm of the nominations and corporate governance committee, supported by Lyn Grobler, Christian Hansmeyer, and Georgios Syrichas. This committee plays a crucial role in shaping the bank’s governance practices and ensuring adherence to regulatory standards.
Focus on Human Resources
Adrian John Lewis will also chair the human resources and remuneration committee. His colleagues on this committee will include Stuart Birrell, Irene Psalti, and Andreas Kritiotis. This committee will oversee human resources strategies and remuneration policies, integral to fostering employee engagement and satisfaction.
Technology Committee Remains Steady
In contrast, the technology committee’s composition will remain unchanged, with Lyn Grobler continuing as chair alongside Monique Hemerijck and Adrian John Lewis as members. This stability is crucial as the bank navigates ongoing technological advancements and challenges in the financial sector.
The board decisions made on September 22, 2025, reflect a commitment to governance excellence and the strategic direction of the Bank of Cyprus as it prepares for future challenges.
