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(Alliance News) - Bank of Cyprus Holdings PLC said Thursday it has appointed Efstratios-Georgios Arapoglou as chair with immediate effect, following approval from the European Central Bank on Wednesday.
Arapoglou was appointed to the bank's board as a possible new chair in February to replace Josef Ackermann, who left in May after five years in the role since 2014 at the annual general meeting.
He is currently Chair of Titan Cement, an international cement firm listed in Athens.
Previously, he has served as chair and CEO of the National Bank of Greece Group, chair of the Hellenic Banks Association and as a member of the board of Eurobank.
Shares in Bank of Cyprus were up 0.3% at EUR1.40 on Thursday.