Christakis Taoushanis and Adonis Pegasiou Resign as Non-Executive Independent Directors from Xryma Plc
Christakis Taoushanis and Adonis Pegasiou have resigned as non-executive independent directors of Xryma Plc, effective September 30, 2026. The resignations are attributed to regulatory requirements by the Central Bank of Cyprus (CBC), which limits board independence for members serving more than ten years in a regulated entity and mandates that non-executives outnumber executives on boards. Taoushanis had served as chairman since Xryma obtained its electronic money license, guiding it through key milestones including listing preparations and real-time payment system integrations. Pegasiou resigned due to time constraints from his academic role at the European Institute of Management and Finance (EIMF), which conflicted with increasing board demands. Both resignations are seen as procedural rather than indicative of internal issues, though they may prompt a reshuffle in Xryma’s governance structure.
Topics: board_of_directors leadership_transition regulatory_compliance