OPAP SA (Greek Organisation of Football Prognostics) has appointed Konstantinos Louropoulos as Chairman. The effective date is August 07, 2012. The company makes its announcement known to the investment community, pursuant to article 10 of Law 3340/2005 and article 2 of the Capital Market Commission's decision No 3/347/12.7.2005, that the company's Board of Directors (BoD), decided upon the following in its August 7th meeting to accept the resignation of Mr. Ioannis Spanoudakis as Chairman and Chief Executive Officer (CEO) of the company, as well as Executive Member of the BoD; and to elect initially Mr. Konstantinos Louropoulos as Executive Member of the BoD and accordingly recompose the BoD by finally electing Mr. Louropoulos as OPAP's new Chairman and CEO.