The Institute of Certified Public Accountants of Cyprus (ICPAC) has announced the composition of its new Board of Directors, following the completion of the statutory part of the Institute's 65th Annual General Meeting.
At the first meeting of the newly elected Board, it was established that Odysseas Christodoulou will continue to serve as President of ICPAC, while Andreas Andreou will continue in his role as Vice President.
During the Annual General Meeting, Constantinos Kallis and Marios Demetriades were also re-elected to the Board of Directors for a new term.
The new ICPAC Board of Directors comprises:
- Odysseas Christodoulou – President
- Andreas Andreou – Vice President
- Eleni Pyrgou – Secretary
- Andreas Avraamides – Member
- Constantinos Kallis – Member
- Nicos Stavrou – Member
- Stavros Ioannou – Member
- Savvas Kleitou – Member
- Eliza Livadiotou – Member
- Marios Demetriades – Member
- Spyros Spyrou – Member
- Afxentis Zemenides – Member
- Nicolas Shiakallis – Member
- George Hadjineophytou – Member
- Ioanna Nicolaidou – Member
ICPAC President Odysseas Christodoulou thanked the members of the Board of Directors for their confidence and reaffirmed the Institute's commitment to continuing its work in promoting and advancing the accounting and auditing profession, strengthening the competitiveness of the Cypriot economy, and upholding the highest standards of professionalism, quality and ethics.
This year, as ICPAC marks 65 years of continuous service, it remains firmly committed to its mission of serving the public interest, supporting its members, and making a meaningful contribution to the development of a modern and credible business environment.
New Era for the Profession at ICPAC's 65th Annual General Meeting
During the Annual General Meeting, the Minister of Finance, Makis Keravnos, delivered a message on behalf of the President of the Republic of Cyprus, Nikos Christodoulides.
In his message, the President congratulated ICPAC on its 65 years of service and recognised the important role the profession plays in supporting the economy, enhancing transparency and strengthening confidence in the country's business environment.
He also praised the Institute's contribution to promoting key reforms and maintaining Cyprus' international credibility as a modern and competitive business centre.
In his first address as ICPAC's General Manager, Andreas Papadatos spoke about the profound changes taking place globally, noting that technological progress, artificial intelligence, new regulatory requirements and geopolitical developments are creating a new environment for the profession.
"The future of the profession will not be determined solely by technology. It will be determined by whether we continue to be the most trusted adviser to businesses and the state in an environment of increasing complexity," he said.
Papadatos stressed that today's professionals are increasingly expected to act as strategic advisers, providing guidance and trusted solutions in an environment of constant change. "The new era demands organisations that are more agile, more digital and more outward-looking. It demands organisations that do not merely follow developments but help shape them," he noted.
ICPAC President Odysseas Christodoulou, meanwhile, reflected on the Institute's longstanding journey and its contribution to the country's most significant economic and institutional developments over the past 65 years.
He noted that ICPAC has evolved into one of Cyprus' most respected professional organisations, playing a meaningful role in matters of economic policy, taxation, corporate governance and financial reporting.
"The completion of sixty-five years since ICPAC's establishment marks an important milestone for both the Institute and our profession. It provides an opportunity to pay tribute to all those who have served the Institute over the years and to reflect on our responsibilities towards future generations of professionals," Christodoulou said.
He also underlined the importance of continuing reforms, strengthening the competitiveness of the Cypriot economy and adapting to the new realities shaped by technology and the international economic environment.
Honouring Kyriakos Iordanou
One of the most moving moments of the event was the presentation of a special honour to former ICPAC General Manager and current Permanent Secretary of the Ministry of Energy, Commerce and Industry, Kyriacos Iordanou.
The commemorative award recognised his many years of dedicated service and his decisive contribution to the Institute's development, modernisation and continued institutional strengthening. During his tenure, he played a pivotal role in enhancing ICPAC's standing and influence, leaving a lasting and significant legacy.
