LAMDA DEVELOPMENT ANNOUNCES CEO LEADERSHIP TRANSITION
Lamda Development S.A. (LAMDA) announces that Mr. Odisseas Athanasiou will step down on 31 December 2026, after 18 years in his current position as Chief Executive Officer and 21 years with the company.
The Board of Directors has appointed Ms. Evie Kostakis, as Chief Executive Officer effective 1 January 2027. Ms. Kostakis is a senior international executive with over 25 years of experience, most recently as Group CFO and Executive Board member of Swiss Bank Julius Baer Group. She brings deep financial and strategic acumen coupled with extensive M&A, capital management and transformation expertise.
During Mr. Athanasiou’s leadership, LAMDA became one of Southeastern Europe’s leading real estate development and management groups, increasing its total assets fivefold to approximately €5bn and quadrupling its NAV to approx. €1.5bn.
Mr. Athanasiou played a decisive role in securing and advancing the landmark Ellinikon investment, overcoming complex institutional, permitting, funding and construction challenges to bring Europe’s largest urban regeneration project into implementation. He also strengthened Lamda’s leading shopping centre and marina businesses, taking over in the peak of the financial crisis.
Effective 1 January 2027, Mr. Athanasiou will become an Adviser to Consolidated Lamda Holdings (CLH), focusing on relations with institutional bodies and State authorities.
Statement by Dr. Spiro Latsis: “Odisseas Athanasiou has played a decisive role in shaping LAMDA as we know it today. His leadership spanned some of the most challenging and significant periods in its history, from the financial crisis to the undertaking and implementation of The Ellinikon. We deeply appreciate his contribution and the trust built over these years. His continuing collaboration through CLH will draw on his experience and business judgement. We welcome Evie Kostakis and are confident that her fresh perspective and leadership will support LAMDA’s next phase of development”.
Statement by Mr. Stefanos Kotsolis, Chairman: “On behalf of the Board, I thank Odisseas Athanasiou for his dedicated leadership. He has been instrumental in establishing a strong foundation for the Company’s future. We are delighted that Evie Kostakis will join us as our new Chief Executive Officer and look forward to working together to further advance the Company’s strategic priorities capitalizing on our accomplishments to date”.
Statement by Mr. Odisseas Athanasiou: “LAMDA has been far more than the most important chapter of my professional life. Dr Spiro Latsis’ vision was one that I deeply believed in and shared, and together with the people of LAMDA, I dedicated myself to shaping its direction and bringing it to life. It became a life’s mission. Through successive crises and exceptionally demanding circumstances, we succeeded in transforming the Company and bringing to life a project that, for many years, had been considered almost impossible. The Ellinikon has now moved from promise to implementation. And this is perhaps the most meaningful moment at which one chapter can close, and another can begin. I deeply value the longstanding relationship of mutual trust and respect I have built with Dr. Spiro Latsis and his family, and I look forward to continuing this collaboration in the years ahead. As I embark on this new chapter, my confidence in Lamda’s future remains strong, reflected in my decision to retain my shareholding in the company”.
Statement by Ms. Evie Kostakis: “I am honoured by the trust the Board and our shareholders have placed in me, and grateful to Mr. Athanasiou, whose leadership made LAMDA what it is today. LAMDA has a strong recurring platform in its malls and marinas, while The Ellinikon, which is reshaping Athens, is now moving from construction to delivery, with the first residents arriving over the next two years. My priorities are clear: to keep the momentum, deliver what we have promised to our customers and to the Greek State, fulfil the promises we have made to local communities, keep growing the income of our malls and marinas, and maintain the financial discipline that has earned LAMDA the confidence of its investors. I look forward to driving LAMDA’s strategic vision and working with an exceptional team”.
Evie Kostakis
Ms. Kostakis served as a Member of the Executive Board and Group Chief Financial Officer of Julius Baer Group, a leading Swiss private banking group, from July 2022 to August 2026.
She serves on the Board of Titan Americal, as a member of the Audit and Risk Committee. Ms. Kostakis previously served as Managing Director and Deputy CFO of Julius Baer Group from January 2020 to July 2022, as Deputy Head of Investment Management and Head of Alternatives from May 2017 to January 2020, and as Deputy Head of Corporate Development & Strategy from August 2013 to May 2017.
Before joining Julius Baer, she served as Director of Corporate Finance & Business Development at National Bank of Greece from January 2009 to July 2013 and earlier held roles at Beltest Shipping Ltd., Eurobank EFG, Webster Financial Advisors, Morgan Stanley Asset Management, and Merrill Lynch Investment Managers in Athens Greece, NY and Connecticut in the USA. Ms. Kostakis served as a member of the board of directors of Amina Bank AG, a FINMA fully licensed crypto bank based in Zug, Switzerland, from May 2020 to April 2026, including as Chair of the Nomination and Remuneration Committee from 2021 to 2022.
She previously served as a board director of Three Rock Capital Management, an Irish Super ManCo, from January 2020 to September 2022, and of NSC Asesores, a leading independent wealth management business in Mexico, from January 2016 to February 2022.
Ms. Kostakis holds a master’s in public policy with a concentration in Finance from the University of Chicago and a Bachelor of Social Science in Economics from the London School of Economics. She is a CFA Charterholder.
