LOTTO24 AG: Supervisory Board appoints Dr Felix Menden to Executive Board

DGAP-News: LOTTO24 AG / Key word(s): Change of Personnel

08.11.2018 / 09:30
The issuer is solely responsible for the content of this announcement.

Lotto24 AG: Supervisory Board appoints Dr Felix Menden to Executive Board

(Hamburg, 8 November 2018) The Supervisory Board of Lotto24 AG, Germany's leading online provider of state-run lotteries, has appointed Dr Felix Menden to the company's Executive Board with effect from 1 December 2018. As Chief Information Officer (CIO), he will be responsible for IT strategy, software development and the operation of the Lotto24 platform. In addition, he will also have responsibility for the B2G (Business-to-Government) sector as well as for process and innovation management. Chief Executive Officer Petra von Strombeck and Chief Financial Officer Magnus von Zitzewitz have both been members of the Executive Board of Lotto24 AG since 2012.

Felix Menden has over 20 years of experience in the software and Internet world. The 45-year-old comes from Wer liefert was? GmbH, where he served as CTO over the past five years with responsibility for software development, IT operations, product management, SEA/SEO activities and growth projects. Prior to this, he successfully drove forward Gruner + Jahr's digital business - firstly as head of their Digital Center and later as General Manager of G+J Digital GmbH. At XING AG, his roles included Vice President Product & Engineering with responsibility for development and operation of the XING platform, as well as the fields Product Management, Quality Assurance and Business Intelligence. In his previous positions at Odyssey Asset Management and Reuters AG, he also held technology-focused positions from IT Project Manager to Head of Development.

After studying physics in Hamburg and Vancouver, Felix Menden was awarded a PhD in particle physics by the University of Freiburg in 2001. In addition, he holds an MBA in International Management, International Marketing and E-Business from NORDAKADEMIE.

"The appointment of Dr Menden represents a strategic strengthening of the Executive Board in the current growth phase. The Lotto24 platform is the basis for extending the company's market lead and driving its rapid customer growth - Lotto24 already has over two million registered customers. The scalability, the strategic development of the Lotto24 platform and the company's innovative strength will therefore play a decisive role for its future success," says Prof Willi Berchtold, Chairman of the Supervisory Board of Lotto24 AG.

About Lotto24 AG: Lotto24 is Germany's leading provider of state-licensed lotteries via the Internet ( Lotto24 brokers customers' tickets to the state lottery companies and the »Deutsche Fernsehlotterie«, for which it receives a commission. The offerings include among others »Lotto 6aus49«, »Spiel 77«, »Super 6«, »EuroJackpot«, »GlücksSpirale«, lotto clubs, »Keno« and the »Deutsche Fernsehlotterie«. After its foundation in 2010 and IPO in 2012 on the Frankfurt Stock Exchange (Prime Standard), Lotto24 is now the market leader. As a fast-growing company with a strong service and customer orientation, Lotto24 aims to provide its customers online as well as mobile with the most convenient, secure and modern game experience possible.

Lotto24 AG
Vanina Hoffmann
Manager Investor & Public Relations
Tel.: +49 40 82 22 39 - 501

08.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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