After nearly 20 years at the reins of Deloitte Cyprus, Christis Christoforou has decided to retire and asked the firm to name a successor to assume the role of CEO at the beginning of the new fiscal year 2021.
Following a robust governance consultation process involving all partners, Pieris Markou, current Cyprus Tax & Legal leader was named incoming Deloitte Cyprus CEO. Markou will take office on the1st of June 2021.
Commenting on his decision to retire, Christoforou said: “After so many years at the top position of this great Firm, and a year after having completed the integration of Deloitte Cyprus into Deloitte North South Europe (NSE), in line with our global Deloitte vision to regionalise and globalise, I felt that it would be the right junction for me personally to step down after over 30 years in the firm, steward the firm to my successor, and embark on another phase in my life.”
Christoforou was a catalyst in growing and positioning Deloitte Cyprus as one of the top professional services firms in Cyprus. From around 30 people when he joined in 1987, the firm’s team has grown to 750 experienced professionals serving global companies with presence in Cyprus and the country’s most prestigious clients. He currently sits on the Deloitte regional Executive Committee in the Middle East and Cyprus.
The incoming CEO, Pieris Markou, has been with Deloitte since 1995, and was admitted as partner in 2000. He is the Tax & Legal practice leader of Deloitte Cyprus, and a fellow member of the Institute of Chartered Accountants in England and Wales and a member of the Chartered Institute of Taxation. He also serves as the Vice President of the Institute of Certified Public Accountants of Cyprus (ICPAC), and previously assumed many professional roles as Vice Chairman and Chairman of ICPAC Tax and VAT Committees, and as a member of the ICPAC’s council since 2014. He also participates in expert meetings at the Ministry of Finance, the House of Representatives and with the Tax Commissioner for the formulation of policies on taxation and is currently a member of an advisory committee on tax treaty negotiations.
“I am very confident that Pieris Markou will successfully lead the firm with the support of the partner group into a next phase of growth and eminence, continuing to offer high quality services to our clients and our market. I will be working and supporting Pieris until my retirement at the end of 2021, to ensure a smooth and seamless transition”, concluded Christoforou.