LAMDA DEVELOPMENT ANNOUNCES A CHANGE IN CEO LEADERSHIP
Lamda Development S.A. (LAMDA) has announced that Mr Odisseas Athanasiou will step down on 31 December 2026, after 18 years in his current role as Chief Executive Officer and 21 years with the company.
The Board of Directors has appointed Ms Evie Kostakis as Chief Executive Officer with effect from 1 January 2027. Ms Kostakis is a senior international executive with over 25 years’ experience, most recently as Group CFO and a member of the Executive Board of Swiss Bank Julius Baer Group. She brings deep financial and strategic acumen, coupled with extensive expertise in M&A, capital management and transformation.
Under Mr Athanasiou’s leadership, LAMDA became one of South-Eastern Europe’s leading property development and management groups, increasing its total assets fivefold to approximately €5bn and quadrupling its NAV to approximately €1.5bn.
Mr Athanasiou played a decisive role in securing and driving forward the landmark Ellinikon investment, overcoming complex institutional, planning, funding and construction challenges to bring Europe’s largest urban regeneration project to fruition. He also strengthened Lamda’s leading shopping centre and marina businesses, taking over at the height of the financial crisis.
With effect from 1 January 2027, Mr Athanasiou will take up the post of 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 up over these years. His continued 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 would like to thank Odisseas Athanasiou for his dedicated leadership. He has played a key role in laying a strong foundation for the Company’s future. We are delighted that Evie Kostakis will be joining us as our new Chief Executive Officer and look forward to working together to further advance the Company’s strategic priorities, building on our achievements 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 in which I deeply believed and which I shared, and together with the people at LAMDA, I dedicated myself to shaping its direction and bringing it to life. It became my life’s mission. Through successive crises and exceptionally challenging 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, as 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 has made LAMDA what it is today. LAMDA has a strong recurring revenue platform in its shopping centres and marinas, whilst The Ellinikon, which is reshaping Athens, is now moving from construction to handover, with the first residents due to move in over the next two years. My priorities are clear: to maintain the momentum, deliver on the commitments we have made to our customers and to the Greek State, fulfil the promises we have made to local communities, continue to grow the revenue from our shopping centres 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 the National Bank of Greece from January 2009 to July 2013 and previously held positions at Beltest Shipping Ltd., Eurobank EFG, Webster Financial Advisors, Morgan Stanley Asset Management and Merrill Lynch Investment Managers in Athens, Greece, New York and Connecticut in the USA. Ms Kostakis served as a member of the board of directors of Amina Bank AG, a crypto bank fully licensed by FINMA and 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 firm in Mexico, from January 2016 to February 2022.
Ms Kostakis holds a Master’s degree in public policy, specialising 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.
