Novomatic, Austrian gaming giant has made a several changes to their senior management team and they have also reorganized their executive and supervisory boards.
Thomas Graf, who was formerly the Chief Technology Officer at Novomatic, is set to take the role of Chief Executive of its Green tube Group division.
In addition, by mutual consent, Peter Stein has been relieved of his role as Chief Financial Officer, while Novomatic’s former Chief Systems Officer, Johannes Gratzl, has being appointed to take his place.
Christian Widhalm, who was the Chief Investment Officer, also resigned his post due to his ailing health. He was on the executive board on the company. He will be offer his wealth of experience to the company but it will be in an advisory capacity.
Barbara Feldmann, on the other hand, will keep serving on the supervisory board of Germany’s Löwen Entertainment GmbH.
In the meantime, Bernd Oswald will continue serving as chairman of Novomatic’s supervisory board, with support from Martina Flitsch, the deputy chair woman. Also, Robert Hofians will serve as a member of the board.
The Executive board of Novomatic will consist of Harald Neumann, Chief Executive.
Ryszard Presch will be the Chief Operating Officer, and Johannes Gratzl, the Chief Financial Officer.
“Novomatic will continue along its chosen path and further optimise internal structures in Austria and the international Group companies across national borders,” Neumann said. “In doing so, the globally active gaming technology group hopes to increase company efficiency and achieve strong synergies between the various shareholdings.”
The reorganization comes after the company reported a 1.8% year-on-year reduction in income this week. This happened for the 6 months of their financial year. With several changes to gaming regulations in the main markets like Italy and Germany blamed for the drop.
Revenue for the 6 months through to 30th of June 2019 dropped to €1.26 billion (£1.13 billion/ $1.39 billion).