LAMDA Development announces that Mr Antonios Kaffas resigned from the position of CFO and will leave the company as of 24/3/2006. From that same day, Mr Odisseas Athanassiou is appointed CFO for LAMDA Development. Mr Odisseas Athanassiou has held senior management positions in Greece and abroad. Over the last 3 years he had the position of Finance Director, Greece, in cement company, Titan. He has also held the positions of CFO-Western Europe for Barilla, based in Paris and CFO Greece-Turkey hub for Diageo Hellas. In these companies, he was also a member of the B.O.D. In his 8-year career in the U.S., he worked for Ernst & Young and Emerson Electric. Mr Odisseas Athanassiou has a degree in Economics from the Athens University and a MBA in Finance and Accounting from the University of Texas.