The Board of Directors of Minerva Insurance Company Public Ltd. has decided to appoint Mr. Panikos Tsiailis as new member of the Board. The appointment was preceded by an application for approval to the Insurance Companies Control Service, whose reply was positive. He has worked for Deloitte Haskins and Sells in England. In January 1979 he joined Coopers & Lybrand in Cyprus (later renamed PwC) and became a partner on 1 January 1986. He was head of Tax and Legal Services up until a few months before his retirement in March 2013.