Board of Directors of DEMETRA HOLDINGS PLC, at its meeting of 16 September 2022, announced resignation of Dr. Nearchos Ioannou as Managing Director. Dr. Nearchos Ioannou remains member of the Board of Directors and will serve as executive vice-chairman of the Board of Directors. In addition, Dr. Cleanthis (Athos) Chandriotis was appointed Executive Director of the Company.

Dr. Chandriotis will come to effect as of 16 September 2022. Dr. Cleanthis (Athos) Chandriotis graduated from the English School Nicosia and having fulfilled his military service, he studied at the University of Manchester Institute of Science and Technology (UMIST) in the United Kingdom where he graduated in Mechanical Engineering (BEng Upper Second Class Honours). He then followed the two-year MBA program of the Manchester Business School (Director's List).

He holds a PhD in Economics from the University of Durham in the United Kingdom. He holds a post-graduate Diploma in Marketing from the Chartered Institute of Marketing of the United Kingdom. He served as general manager of Laiki Financial Services Ltd. and was a non-executive member of the Board of Directors of Investment Bank of Greece (currently Optima Bank).

He has also worked at HSBC Investment Bank plc in the City of London in Project Finance and Advisory Division specialized in projects carried out in cooperation with the Public and Private Sectors. He was until recently the General Manager and Executive Member of the Board of Directors of The Cyprus Investment and Securities Corporation Ltd. (CISCO), a subsidiary (investment firm) of the Bank of Cyprus. He has been for a number of years member in many Investment and Financial Committees as well as executive and non-executive member at Boards of Directors of public and private companies and organizations in Cyprus and abroad.

Dr. Chandriotis has also taught for a number of years at graduate and postgraduate levels at colleges and universities in Cyprus. He has provided consulting services to a large number of companies and organizations in various sectors of the economy with regard to financial strategy and capital raising issues. He has long experience and deep knowledge of capital markets as well as banking and financial issues.