Gaming and lottery technology provider Intralot SA announced that the Chairman of the Board of its US subsidiary, Intralot, Inc., Nikolaos Nikolakopoulos, stepped down from the board to assume the role of Chief Executive Officer of the company.
Stepping down to CEO
The appointment of Nikolakopoulos as CEO of Intralot, Inc. will commence as soon as all related legal requirements are fulfilled. As the CEO of Intralot’s US subsidiary, Nikolakopoulos will replace the outgoing CEO of Intralot, Inc., Byron Boothe, and will be based in his new role at the company’s headquarters in Atlanta, Georgia.
Commenting on the new appointment, Group Chairman and CEO Sokratis Kokkalis expressed his and the company’s gratitude to Boothe for his long-time contribution to the growth of the group’s US subsidiary and welcomed new CEO Nikolakopoulos by wishing him success in his new role.
Nikolakopoulos joined Intralot in 2007 and has held positions as Group Chief Commercial Officer and Group Chief Operations Officer. Since 2019, he has been serving as Deputy CEO of Intralot, Inc. and since May 2022, he has been serving simultaneously as Deputy CEO of Intralot’s US subsidiary.
Before joining Intralot in 2007, Nikolakopoulos served across management and director roles at software developer SingularLogic, software giant Microsoft and another software developer, Bull Consulting.
To assume the new role, Nikolakopuolos also stepped down from his role as a Member of the Board at the parent company and his stepping down resulted in a reconstitution of the Board of Directors at Intralot SA. Outgoing CEO Boothe will continue to serve as a Member of the Board at Intralot, Inc. and in an advisory capacity to the management team of the company.
Group Board Changes
According to the changes approved at the Board’s meeting on February 14, 2023, the eight-member board will continue to be chaired by Group CEO Kokkalis, who will be supported by Constantinos Antopoulos as Vice Chairman, two Deputy CEOs, and four non-executive members.
The Board of Directors of Intralot SA was elected by the group’s General Shareholder Assembly which took place in June 2021 and has a tenure of six years.
In December, Intralot SA posted dismal results for the third business quarter of 2022 during which profit dropped by 83% and led to a 65.8% drop in profit year-to-date.
Also in December, Intralot signed a five-year contract with the Ohio Lottery Commission to provide its sports betting solution to between 700 and 1,000 retail sportsbook locations in the Buckeye State.