Constantinos Petrides joins the Board of Directors of ASBISc Enterprises Plc

The Board of Directors of ASBISc Enterprises Plc has announced the appointment of former Finance Minister Constantinos Petridis to the company's Board of Directors, effective from 23 June, 2023.

Petrides was appointed to the Board of Directors as a Non-Executive Director.

Petrides assumed office as Minister of Finance of the Republic of Cyprus on 3 December, 2019. Prior to his appointment, he served as Minister of Interior (1 May, 2017 - 3 December, 2019) and Deputy Minister to the President of the Republic of Cyprus since (1 March, 2013 – 30 April, 2017). From September 2011 to February 2013 was the Director of the Office of the President of the Democratic Rally. In 2006 he was hired at the European Commission in Brussels where he worked as an economist at the Directorate General for Agriculture and the Directorate General for Competition until September 2011. During his stay at the European Commission he served as negotiator of trade liberalisation agreements between the EU and third countries and also worked on issues of public aid in the field of transportations. From 2000 until 2006 he served as Senior Officer at the Association of Cyprus Banks and as representative of the Association to the European Banking Federation and the National Euro Changeover Committee. During the negotiations for Cyprus’ accession to the EU in 2000 he worked on issues of harmonisation at the Directorate for EU-Cyprus relations of the Planning Bureau. He studied Economics at the University of Nottingham and then acquired an MSc in Political Economy of Transition in Europe from the London School of Economics and Political Sciences.

According to the submitted statement connected to his appointment at ASBISc Enterprises Plc , Petrides does not run another business that is in competition with the Company, is not involved in any activity of a competing company as a partner of a civil company, limited liability company or as a member of the board of directors of a limited company and does not run a competing legal entity as a member of the board of directors.

Additionally, his name does not appear in the Register of Insolvent Debtors, the company noted.

(Source: InBusinessNews, EIB)