Nicosia, Cyprus. Columbia Group has appointed Andreas Hadjipetrou as chief executive officer, replacing Mark O’Neil, who is stepping down under the company’s succession plan. Demetris Chrysostomou, the group’s chief executive officer for Asia, was also named deputy chief executive officer.
Leadership transition
The company said O’Neil is stepping down on what it described as “extremely good terms.” O’Neil said his role at Columbia had been to deliver transformational change and that this task had now been completed.
“My job at Columbia was to bring about transformational change and that task has now been completed. It is time to hand over the reins and to seek fresh challenges. I know I leave Columbia in very safe hands and in a very good shape,” he said.
Deputy CEO appointment
Columbia said the appointment of Chrysostomou as deputy chief executive officer is aimed at strengthening the group’s leadership and regional presence.
Owner’s remarks
Heinrich Schoeller, chairman of Schoeller Holdings, Columbia Group’s owner, thanked O’Neil for what he described as his exceptional leadership and contribution during his tenure, and wished him well for the future. He added that the two would remain firm friends going forward.
Hadjipetrou’s background
Hadjipetrou is one of the organisation’s longest-serving executives, having spent nearly 30 years with the company. Columbia said his appointment brings deep operational knowledge, continuity and longstanding leadership experience to the role.
What do you think this leadership change will mean for Columbia Group’s regional presence?