The shareholders of Cypriot beverage company KEO plc approved a series of key resolutions during the company’s annual general meeting held this week, according to a submission on the Cyprus Stock Exchange.

During the meeting, the annual report and the consolidated financial statements of the group for the year ended December 31, 2024, were approved.

Two board members, Vasos Komodromos and Chris Georgiades, who retired by rotation in accordance with the company’s articles of association, were re-elected to the board of directors.

Additionally, Odysseas Christodoulou, Simos Angelides and Marios Stavrou, who had been appointed as board members in February 2025 with their terms ending at the AGM, were formally elected by shareholders to continue serving on the board.

Following a recommendation by the board of directors, the reappointment of Deloitte Ltd as the company’s auditors for the year 2025 was approved.

The board, in cooperation with the audit committee, was authorised to determine the auditors’ remuneration at a later stage.

Shareholders also approved the remuneration report for the year ended December 31, 2024.

The remuneration for the board of directors for 2025 was set at €13,500 for the chairman, while remaining at €10,000 per member for the other directors, in line with the amounts paid in 2024.

Furthermore, it was decided that fees for board members participating in board committees would remain unchanged from the previous year.

Immediately following the conclusion of the AGM on June 3, 2025, the newly constituted board of directors of KEO plc held a meeting to formalise its structure.

Ioannis Charilaou was appointed chairman of the board, while Charalambos Panayiotou was named chief executive officer.

The other members of the board confirmed in their roles are Dimos Dimou, Simos Chamboullas, Vasos Komodromos, Chris Georgiades, Odysseas Christodoulou, Simos Angelides and Marios Stavrou.