Xryma Plc Announces Resignation of Two Independent Non-Executive Directors
Xryma Plc has announced the resignation of two independent non-executive directors, Mr. Christakis Taoushanis and Mr. Adonis Pegasiou, effective September 30, 2026. Mr. Taoushanis served as chairman for nearly a decade and led the company through several key milestones including regulatory authorizations and expansion into major financial systems like T2 RTGS and Bank of England infrastructure. His departure is attributed to Central Bank of Cyprus (CBC) governance policies that limit director independence after 10 years on a CBC-regulated board. Mr. Pegasiou, who joined the Board in June 2022, cited time constraints due to his full-time role at the European Institute of Management and Finance as the reason for stepping down. The company's CEO expressed gratitude for both directors' contributions while acknowledging their decisions were made with integrity and professionalism. The resignations may prompt a reshuffle or new appointments on Xryma’s board, potentially affecting governance structure and oversight in light of its growing operational complexity.
