OPAP looking for new CEO as COVID-19 halts 99% of revenue

Greek lottery and betting operator OPAP is looking for a new CEO just as the COVID-19 pandemic has reduced its operations to a standstill.

On Wednesday, OPAP announced that CEO Damian Cope intends to leave the company following the conclusion of his current four-year contract at the end of May. After that date, Cope will serve as a board adviser from his home in the UK. Cope (pictured) offered no reason for his exit other than saying he was looking forward to “rejoining my family.”

A CEO succession plan is underway that will consider both internal and external candidates, but chairman Kamil Ziegler will serve as interim CEO if a likely lad (or ladette) isn’t identified by the time Cope flies the coop. Ziegler thanked Cope for his contributions as well as his “advanced communication” of his exit plans.

OPAP AT A STANDSTILL AS COVID-19 CLOSURES BITE