The Board of Directors decided to appoint Mr. Nearchos Petrides as Substitute Director of Mr. Demetris Petrides on the Company's Board of Directors. Mr. Nearchos Petrides graduated from the University of Nottingham, England and Malaysia and is a holder of a BSc (Hons) in Finance, Accounting and Management. Upon completion of his studies in 2011, he joined KPMG Cyprus for a period of three years and six months and he  was engaged in the external audit of companies. At Senior Supervisor level, he became specialised in the external audit of insurance companies, credit institutions and has also gained significant experience from auditing companies listed on the Cyprus Stock Exchange.