Chairman of the NOVOMATIC AG Supervisory Board Herbert Lugmayr steps down after 20 years
Gumpoldskirchen, February 17, 2017 (OTS) – After serving as Chairman of the Supervisory Board of NOVOMATIC AG for 20 years, Senator Herbert Lugmayr will step down from the role. Lugmayr held a prominent position while accompanying the firm on its path to becoming a world-leading high-tech gaming technology group. Prior to assuming the position as Chairman of the Supervisory Board in 1997, Lugmayr served as CEO of the former Girocredit Bank AG. Lugmayr himself considers NOVOMATIC’s latest investment in Casinos Austria AG and Österreichische Lotterien the “culmination of my activities”.
NOVOMATIC CEO Harald Neumann has nothing but praise for Lugmayr. “His expertise contributed significantly to NOVOMATIC becoming one of our industry’s world leaders,” said Neumann, adding that Lugmayr has always been a “gentleman of handshake quality” - from both a personal and a business perspective.
At NOVOMATIC, Herbert Lugmayr, 79, had a close relationship with Professor Johann Graf. For the company founder, Lugmayr “will continue to be an important advisor who always states his mind openly and honestly.”
Herbert Lugmayr’s successor has already been determined. Dr. Bernd Oswald, who has provided legal support to NOVOMATIC for many years, will follow in the footsteps of the former top banker. Oswald, 42, already served on NOVOMATIC’s Supervisory Board between 2009 and 2012. The new appointments for the Board were decided during the general meeting held on February 16, and the agenda also included an expansion of the board from four to five members as of March 1. In addition to Oswald, certified public accountant Dr. Robert Hofians will become a new member of NOVOMATIC’s Supervisory Board. These two men join three experienced female members to form the governing body for the technology group. Viennese lawyer Martina Flitsch will continue to serve as Deputy Chairperson of the Supervisory Board. The other two members of the board are Barbara Feldmann and Martina Kurz. Therefore after the expansion, 60 percent of the members of the Board will be female.
The NOVOMATIC Group is one of the biggest international producers and operators of gaming technologies and employs around 29,000 staff worldwide. Founded by entrepreneur Professor Johann F. Graf in 1980, the Group has locations in more than 50 countries and exports high-tech electronic gaming equipment and solutions to 80 countries. The Group operates more than 260,000 gaming terminals in its some 1,800 plus gaming operations as well as via rental concepts.
Through its numerous international subsidiaries the NOVOMATIC Group is fully active in all segments of the gaming industry and thus offers a diversified omni-channel product portfolio to its partners and clients around the world. This product range includes land based gaming products and services, management systems and cash management, online/mobile and social gaming solutions as well as lottery and sports betting solutions together with a range of sophisticated ancillary products and services.