After six years in the post, Harald Neumann resigned as CEO of Austrian gaming supplier Novomatic, citing unspecified family reasons. The resignation was effective February 29.
Bernd Oswald, chairman of the supervisory board, commented, “Mr. Neumann made a significant contribution to the successful expansion of the group. His personal wish to resign from his position at the end of the month was granted with regret.”
Neumann will continue to have supervisory board functions and to advise the company on international projects, according to the company statement.
COO Ryszard Presch and CFO Johannes Gratzl will take over the management board responsibilities and will lead the company as a management team.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.