Greek gaming and lottery supplier INTRALOT has promoted chief financial officer Antonis Kerastaris to group chief executive of the company, replacing Constantinos Antonopoulos who has retired after twenty-two years in the role.

Antonopoulos’ retirement is effective immediately, though he will remain vice chairman of the company’s board of directors.

A founding shareholder of the company, he has held the chief executive position since the company was founded in 1992, previously working for Greek telecommunications giant INTRACOM.

He is to be replaced by the company’s CFO Kerastaris, who joined the supplier in January this year. Like Antonopoulos, Kerastaris previously worked at INTRACOM, as chief executive of its telecommunications service provider subsidiary Hellas Online.

Prior to joining Hellas Online in 2008, Kerastaris held roles for companies such as Procter & Gamble, Mercedes and the Hilton Group.

Antonopoulos commented that after twenty-two years as INTRALOT chief executive he believed the time was right for a change of management.

“My colleagues and I are thankful for the support of the chairman of the board and the shareholders in a most enjoyable journey towards the creation of a large multinational company deeply rooted in five continents,” he explained. “I will continue to support the board and the management, towards the achievement of the company goals in the new era.”

The supplier’s chairman and co-founder Socrates Kokkalis, who is also majority shareholder and CEO of INTRACOM, thanked Antonopoulos for his commitment to each company’s vision over the past three decades, as well as his work in helping create a “pioneering technological group with international recognition.”

“The decision of Mr. Antonopoulos was accepted while he remains a valuable personal advisor and member of the company board,” Kokkalis continued. “INTRALOT, thanks to its achievements to date, its international network, technological edge and solid establishment as one of the three sector leaders globally, possesses the strength and optimism to meet modern challenges and implement a new growth cycle.”

Shares in INTRALOT S.A. (Co.Data) (ASE:INLOT) are currently trading up 1.92 per cent at €1.07 per share in Athens this morning.

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