CL8 has announced that its founder and current Chief Executive Officer, Peter G. Economides, will step down from the CEO role on 1 December 2025, handing over executive management to Elias Theodorou. He will continue to serve as Chairman of the company.
Peter G. Economides commented, “CL8 has grown from an ambitious vision into a critical infrastructure provider within a highly demanding and fast-moving sector. Elias has over 20 years of experience in the IT field and knows the market and its dynamics, as well as the level of discipline required in this industry. I am confident he will lead the company with clarity and balance. I will remain involved as Chairman to support continuity and strategic direction.”
Elias Theodorou stated, “The market we operate in moves quickly and often under pressure, with clients facing constant demands around reliability, security, performance and compliance. My focus will be on strengthening what is already in place and working closely with our people and partners to respond methodically to these challenges.”
As noted in the announceemnt, "The leadership transition comes at a time when organisations are reassessing how they manage their infrastructure, data responsibilities and operational continuity. Businesses continue to look for dependable systems, clear governance and support they can trust. Within this environment, CL8 remains a stable point of reference for clients that prioritise secure and well-managed digital infrastructure."
"The CL8 team, together with its management and Kyriakos Kokkinos, Executive Advisor to the Board of Directors, is developing new services built around AI, and to further strengthen the company’s position within the EU, marking a confident and forward-looking phase for the organisation," the announcement concluded.
