The board of directors of OPAP SA has launched a search for a new chairman following the immediate exit of Kamil Ziegler.
In early October, OPAP informed investors that Ziegler had stepped down as chairman of the Athens-based gambling group and operator of the Greek national lottery.
The duties of OPAP chairman have been temporarily transferred to CEO Jan Karas.
The investors were informed that Ziegler had stepped down as chairman for “personal reasons” but acted as an executive adviser to the OPAP board leaders.
Karas and the OPAP board have been guiding the company through this transition period, overseeing the search for Ziegler’s permanent successor. The board leaders are expected to prioritize candidates with a deep understanding of the gambling and lottery sector, as well as extensive corporate governance experience.
Meanwhile, the company continues to make efforts to expand its gaming portfolio and maintain its digital capabilities in response to market changes and increasing competition.
Investors remain confident in the stability of OPAP, as evidenced by the small increase in the company’s share price following the announcement. OPAP shares grew 0.44% to €16.03 in trading on Tuesday on the Athens Stock Exchange.
The board of directors has set the goal of appointing a new chairman by the end of the current financial year. Karas’ joint leadership will ensure the excellence of OPAP’s strategy and operations.
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