Investor Wilbur Ross and Tyrus Capital, who head a group of investors that pumped 400 milion euros into Bank of Cyprus, announced a proposal for a new slate of directors for election to the bank’s board at the annual meeting of shareholders on November 20, where former Deutsche Bank CEO Josef Ackermann (image on the left), is expected to take the chair.
According to the announcement that was issued in New York, the new board: “has been selected to add financial expertise and will better reflect the shareholder base following the recent stock issuance” .
The proposed members of the new board are:
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Josef Ackermann, Former CEO of Deutsche Bank
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Arne Berggren, nominated independently by the European Bank for Reconstruction and Development
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Maksim Goldman, a Director of Strategic Projects at Renova
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John Hourican, CEO of Bank of Cyprus
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Christakis Patsalides, Finance Director of the Bank
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Wilbur Ross, Chairman of WL Ross & Co
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Michael Spanos, a former director of the Central Bank of Cyprus
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Vladimir Strzhalkovskiy, Vice Chairman of the Board of Bank
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Ioannis Zographakis, Chairman of the bank’s audit committee;
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Marios Kalochoritis, member of the board of directors.
All board memberships are naturally subject to approval by the Central Bank of Cyprus.
Source: As last reported by Cyprus News Agency : CNA - NICOSIA 6/10/2014 21:19
Source: Financial Mirror, 6 September 2014
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