The OPAP SA board has started looking for a new chairman following the immediate resignation of Kamil Ziegler.

OPAP informed investors that Ziegler stepped down as Chairman of the Athens-listed gambling group and operator of the Greek national lottery.

For now, Jan Karas will take on the dual roles of Group CEO and Chairman.

The company explained that Ziegler resigned for ‘personal reasons,’ but will stay on as an executive advisor to the OPAP board.

During this transition, Karas and the board will lead the company and oversee the search for Ziegler’s permanent replacement. The board aims to find someone with strong experience in the gambling and lottery industry, along with solid corporate governance skills.

OPAP is continuing to expand its gaming portfolio and improve its digital capabilities, despite increased competition in the market.

Investor confidence remains strong, with OPAP’s share price rising 0.44% to €16.03 following the news.

The board plans to appoint the new chairman by the end of the fiscal year. Until then, Karas will ensure smooth operations and keep OPAP on track with its long-term strategy.

https://lotterydaily.com/2024/10/02/region/europe/opap-begins-hunt-for-new-chairman-as-ziegler-resigns/