The CTC Group has announced a series of changes to its management structure, including the appointment of Christakis Charalambous as the new Chairman of the Board of Directors of CTC, according to an announcement to the Cyprus Stock Exchange (CSE).
The Group announced the following changes to its management structure:
• Chairman of the Board of Directors of CTC
Effective 1 January 2027, Christakis Charalambous will assume the role of non-executive Chairman of the Board of Directors of CTC, succeeding Dimitris Dimitriou, who will remain a member of the Board. The Board expressed its sincere appreciation to Dimitriou for his valuable contribution during his tenure as Chairman.
Charalambous is currently a member of the CTC Board and Chairman of its Board Executive Committee. He is also a member of the Board of Directors of Hermes Airports Ltd, the Nicosia Chamber of Commerce and Industry (NCCI), and the Cyprus Employers and Industrialists Federation (OEB).
The CTC Board Executive Committee currently comprises Christakis Charalambous, Eleni Siakola, Chrysoula Siakola and George Louca.
• Company Secretary
Effective 1 January 2027, Maria Kaimi, the Group’s in-house legal counsel, will take over as Company Secretary, succeeding George Mitsides. The Board expressed its sincere thanks to Mitsides for his many years of valuable service.
• CTC Group Chief Financial and Operating Officer (CFOO)
Effective 1 November 2026, George Louca, currently Group Finance and IT Director, will assume the role of CTC Group Chief Financial and Operating Officer (CFOO).
The CFOO role combines the traditionally separate responsibilities of Chief Financial Officer (CFO) and Chief Operating Officer (COO) into a single executive position, providing an integrated approach to financial planning, resource allocation and operational efficiency. He will report to the Board Executive Committee.
Louca will continue to serve on the boards of CTC, Woolworth and Ermes, as well as remaining a member of the Board Executive Committee.
• CTC Group Finance Director
Effective 1 November 2026, Argyro Efstathiou will become CTC Group Finance Director. She currently serves as CFO and Chief Operations Officer for the Group’s FMCG businesses, namely Argosy Trading Co. Ltd, Cassandra Trading Ltd and Artview Co. Ltd. She will report to the CFOO.
• CEO of the Fast-Moving Consumer Goods (FMCG) Division
Effective 1 November 2026, Antonis Hatzilazarou will become CEO of the Group’s FMCG division. He currently serves as Chief Commercial Officer for Argosy Trading Co. Ltd, Cassandra Trading Ltd and Artview Co. Ltd.
• Chief Financial Officer (CFO) of the FMCG Division
Effective 1 November 2026, Ariadne Samuel will take on the role of CFO of the FMCG division. A Chartered Accountant, she brings extensive experience from both an audit firm and an FMCG trading company. She will report to the CEO of the FMCG division.
The Next Phase
“With these appointments, together with George Kozakos, CEO of CTC Automotive Ltd, the Group is strengthening its management structure to lead it into its next phase of development. The Group will be better equipped and more focused on the key sectors in which it has established a successful presence.
“The Group’s companies have a strong market presence, significant expertise and considerable potential for further growth in Cyprus.”
The announcement also highlighted the principal activities of the Group’s businesses:
• Argosy Trading Company Ltd – Imports, distributes and manages fast-moving consumer goods (FMCG), as well as products for professionals in the food service and hospitality sector (HORECA). Through its own distribution network, the company serves almost the entire retail and food service market across Cyprus, representing leading international brands such as Mars, Kellogg’s, Mondelez, Reckitt, JDE, Danone, Melissa and Dodoni, among others.
• Cassandra Trading Ltd – Imports and distributes Philip Morris International tobacco products in the Cyprus market. Its portfolio includes traditional tobacco products, such as cigarettes and rolling tobacco, as well as newer products, including heated tobacco sticks, IQOS heating devices and vaping products.
• Artview Co. Ltd – Operates in the cosmetics and fragrances sector, managing the Christian Dior and Diptyque brands in Cyprus.
• CTC Automotive Ltd – Trades in vehicles and heavy machinery, representing brands such as Volvo Cars, Hyundai, Iveco, Scania and Caterpillar. Its portfolio also includes Michelin, Riken and BFGoodrich tyres, Total and Elf lubricants, Hilti tools and other products. The company also operates CTC Autoleasing, which provides vehicle and light commercial vehicle leasing services.
• Hermes Airports Ltd – CTC maintains its investment in and contribution to Hermes Airports Ltd, which develops and manages Larnaca and Paphos international airports.
The announcement concluded:
“The CTC Group remains committed to creating additional value for all stakeholders through sustainable growth.”
