Evi Kostaki, an executive at Swiss bank Julius Baer, is reportedly the successor to Odysseas Athanasiou as chief executive of Lamda.
Market sources describe Athanasiou’s departure as certain, as the Chameleon column reported, which also outlined the successor’s background. The new chief executive is expected to take up the post in the new year, following a smooth transition.
As the column noted, Lamda is at a turning point. This year, it absorbed the loss arising from the cost of building the Riviera Tower, which exceeded the price secured through pre-sales. The company’s management had acknowledged this loss, implicitly but unmistakably, in spring 2025. It then announced a further extension to the project’s delivery date, with the possible activation of relevant penalty clauses.
Analysts say the situation will begin to ease next year. The contribution of profitable apartment sales at the Little Athens complex to the overall mix will then increase.
In any event, Athanasiou’s reported successor will find that the current management’s actions have already put in place the conditions for her to show improvement in her first 100 days in “office”.