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[PIO] Replacement of the appointment of a Non-Executive Director to the Board of Directors of the Central Bank of Cyprus

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The Council of Ministers, at its meeting on Friday 21 April 2023, decided to appoint Mr Andreas Haritos, Professor of Accounting and Finance at the University of Cyprus, as a non-executive member of the Board of Directors of the Central Bank of Cyprus, which became vacant following the appointment of Mr Makis Keravnos as Minister of Finance.

BIO

Andreas Haritou is a Professor of Accounting and Finance at the University of Cyprus. He has also taught at the University of Toronto (Canada) and Pennsylvania State University (USA). He has served as Dean and Associate Dean of the School of Economics and Management, Chairman of the Department of Public Administration and Business Administration, Co-Director of the MBA and PhD programmes in Finance, member of the Senate and member of the Finance and Personnel Committee of the University of Cyprus.

He studied Business Administration/Accounting at the Athens University of Economics and Business Administration (BSc) and Pennsylvania State University in the United States (MSc.), He holds the professional title of Certified Management Accountant (C.M.A., U.S.A.) and was also a member of the American Institute of Certified Public Accountants and holds the Professional Ethics for CPAs Certificate. He was awarded for "Teaching Excellence" at the graduate (MBA) and undergraduate levels by the University of Toronto and holds a "Higher Education Teaching Certificate" from Harvard University.

He has served as an independent, non-executive member of the Board of Directors of Hellenic Bank, Chairman of the Audit Committee, member of the Risk Management Committees and member of the Remuneration Committee of the Board of Directors of the Bank. He was also an independent non-executive member of the Board of Directors of the Co-operative Central Bank, Chairman of the Risk Management Committee and member of the Remuneration & Nomination Committee of the Bank.

He was a member of the Board of Directors of the Cyprus Securities and Exchange Commission and a member of the Board of Directors of the Cyprus Stock Exchange. He is also a member of the Board of Directors of the Cyprus Fiscal Council and Vice Chairman of the Cyprus Council for the Recognition of Qualifications. He was also appointed by the Council of Ministers as an Expert of the Exploratory Committee on the Cyprus Economy. He is also a member of the Disciplinary Committee of the Association of Cyprus Certified Public Accountants (ACCA).

He is Editor in Chief of the International Journal of Accounting, USA and Associate Editor of the International Journal Abacus. He is a member of the European Accounting Association, the Institute of Management Accountants (USA) and the Canadian Accounting Academic Association.

He has also been a member of the American Accounting Association and the American Finance Association. His research interests include financial analysis (risk management, credit analysis and bankruptcy prediction), corporate governance, executive compensation, golden parachutes, international capital markets, international cross listing, banking and financial management. He has published in leading international journals such as Journal of Financial and Quantitative Analysis (JFQA), Review of Accounting Studies, Journal of Corporate Finance, Journal of Banking and Finance, The Journal of Accounting, Auditing and Finance, Abacus, Journal of Business Finance and Accounting, Journal of Accounting and Public Policy, European Accounting Review, International Journal of Accounting, Accounting and Business Research, The Journal of Commercial Bank Lending.

(PM/NG/SX)
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Views & opinions expressed are those of the author and/or PIO

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