Capital.com announces planned CEO succession
Group CEO successfully completes the first phase of the company's transformation; implements long-term succession plan
LONDON, UNITED KINGDOM, 16 Oct, 2023— Capital.com, the high-growth global trading platform, announced today the planned succession of the Group CEO as part of its ongoing growth plans. The Board of Directors has appointed the Group’s current Chief Commercial Officer, Kypros Zoumidou, as the new Group CEO effective 16 October 2023. The outgoing CEO, Peter Hetherington, will stay on as an advisor until 2026 to ensure a smooth transition and to provide strategic guidance to the company.
This leadership transition marks the successful completion of Capital.com’s first phase of expansion and the implementation of its long-term succession strategy. Kypros spent the past 18 months working closely with Peter, preparing to guide the company into its next stage of growth. In his new role as Group CEO, Kypros will steer the company towards expansion into emerging markets while prioritising innovative product development and a robust technology infrastructure.
Victor Prokopenya, Founder, Capital.com, said:
“On behalf of the entire Board, I would like to thank Peter, whose transformational leadership has been the driving force behind Capital.com. Guided by his vision and the execution of his strategic roadmap, he has rapidly led Capital.com to its next stage of growth and laid a solid foundation for his successor to build on.”
Kypros Zoumidou, incoming Group CEO, Capital.com, said:
“I am very pleased to step up to the role of Group CEO of Capital.com. Having worked alongside Peter for over a decade, most recently at Capital.com, we were able to align our goals and mission quickly. I aim to build on Peter’s success and bring further growth to the solid base we have built. I look forward to working closely with our talented global team who will help me drive our business forward.”
Peter Hetherington, outgoing Group CEO, Capital.com, said:
“Having successfully implemented robust processes, procedures and improved the Group’s operational performance, Capital.com is well placed for future growth. I have full confidence in Kyp’s ability to lead the team and drive future growth.”