Bank Of Cyprus Former Chief John Hourican Steps Down From Board

(Alliance News) - Bank of Cyprus Holdings PLC on Monday said former Chief Executive John Hourican has stepped down from the board.

Hourican was replaced as chief executive by Panicos Nicolaou at the end of August.

The company said: "We would like to thank Hourican for his dedication, leadership and exceptional service to the Bank of Cyprus group during his term as chief executive and wish him all the best in his future endeavours."

Shares in the company closed 0.1% lower at EUR1.58 each in London on Monday.