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Intralot appoints Klironomos as CFO of US subsidiary


Lotteries and gaming solutions provider Intralot Group has appointed Lampros Klironomos, formerly chief internal audit officer at the group, to chief financial officer of its US-facing  subsidiary.

Klironomos had served as chief internal audit officer since 2012, arriving at Intralot after eight months as head of internal audits at drip irrigation system manufacturer Eurodrip SA.

“The appointment of Mr. Klironomos at Intralot Inc. is part of the overall policy and actions to enhance the subsidiary’s management team that plays a pivotal role in achieving our strategic objectives and improving the Group’s financial performance,” Intralot said.

Intralot also confirmed the election of Alexandra Moulavasilis to the position of director of internal auditing at a meeting of the group’s board on 3 December.

Earlier this month, (2 December), Intralot reported a year-on-year decline in third quarter revenue, with the total for the three months to 30 September falling 5.4% to €177.5m (£151.6m/$195.5m). The results marked the third consecutive quarter in which Intralot’s revenue was lower than it was in the prior year.

On 29 November, Intralot Inc agreed to expand its existing deal with the New Hampshire Lottery in order to provide it with retail sports betting solutions at locations across the state. Under the agreement, Intralot will offer sports wagering at over 1,300 existing lottery retailers in New Hampshire.