Novomatic shrinks executive and supervisory board

The Novomatic Group has announced a number of changes to its supervisory and executive board, as part of a phase of consolidation and optimization of its corporate structures.

According to a press release on Thursday, the changes will see the supervisory board run by Dr. Bernd Oswald, Chairman, Martina Flitsch, Deputy Chairwoman, and Dr. Robert Hofians as Supervisory Board member. The board previously had five members. 

The executive board has also gotten smaller. Which now consists of Harald Neumann, Chief Executive Officer, Ryszard Presch, Chief Operating Officer, and Johannes Gratzl, Chief Financial Officer.

Gratzl is the latest change in the executive board, previously serving as the head of group treasury. He replaces Peter Stein, which Novomatic said left the CFO role by mutual consent. 

Taken out of the executive board is Bartholomäus Czapkiewicz, previously Chief Systems Officer, will continue to be responsible for this area as an authorized signatory, along with Dr. Christian Widhalm, Chief Investment Officer, who has resigned from his position on the executive board for health reasons, and will continue to be available to the company in an advisory capacity. 

The former Chief Technology Officer Thomas Graf has been made responsible for the growing online gaming division as CEO of Greentube Group. 

“NOVOMATIC will continue along its chosen path and further optimize internal structures in Austria and the international Group companies across national borders,” said Harald Neumann, Chief Executive Officer of NOVOMATIC. In doing so, the globally active gaming technology group hopes to increase company efficiency and achieve strong synergies between the various shareholdings.