Updating the market, the governance of Novomatic AG has confirmed that attorney Dr Bernd Oswald will succeed Herbert Lugmayr as Chairman of the firm’s Supervisory Board.
Oswald a commercial and corporate law attorney, has sat on Novomatic’s Supervisory Board since 2012 and has further acted as a legal advisory for Novomatic governance.
From 1 March, the Novomatic Supervisory Board will expand to six members, consisting of Dr. Bernd Oswald (Chairman), Martina Flitsch (Deputy Chairwoman), Barbara Feldmann, Martina Kurz, Dr. Robert Hofians and Robert Hofians.
The promotions of Dr Oswald, sees long-term Supervisory Chairman Herbert Lugmayr retire from the advisory position. Novomatic governance informed investors that Lugmayr services would continue in an ‘advistory function’.
Novomatic governance thanked Lugmayr for his 20-years, service to the company, in which he contribute to the company’s ‘unique and sustainable success’.