19.02.2024

by Antoni Majewski

NOVOMATIC AG Welcomes Stefan Krenn to its Executive Board

NOVOMATIC AG, a titan in the gaming technology sector, has announced the appointment of Stefan Krenn, LL.M., as the newest member of its Executive Board, marking a significant stride in the company’s leadership and strategic direction.

NOVOMATIC

The Supervisory Board of NOVOMATIC AG has officially appointed Stefan Krenn to the Executive Board, effective February 15, 2024. Krenn joins the elite leadership team alongside Ryszard Presch and Johannes Gratzl, cementing a triumvirate poised to steer the international group towards new horizons.

A Unanimous Choice for the Board

Dr. Bernd Oswald, Chairman of the Supervisory Board, expressed the board’s enthusiasm for Krenn’s appointment, highlighting his invaluable contributions and expertise that have significantly shaped NOVOMATIC’s strategic development over the years. Krenn’s internal promotion underscores the group’s confidence in his vision and leadership capabilities.

Stefan Krenn’s affiliation with NOVOMATIC AG dates back to 2015, during which he has held several pivotal roles, including Secretary General and Global Division Manager. His recent position as an Authorized Representative of NOVOMATIC AG and leadership roles in various subsidiaries exemplify his deep-rooted understanding and commitment to the company’s success.

A Vision for Sustainable Success

Upon accepting his new role, Krenn articulated his gratitude and excitement for the trust bestowed upon him by the Supervisory Board. He expressed a fervent commitment to driving NOVOMATIC’s sustainable success, further expansion, and strategic positioning in the international arena.

NOVOMATIC AG’s stature as a leading force in the gaming technology industry is underscored by its impressive portfolio of around 300 subsidiaries, generating revenues of EUR 2.9 billion in the 2022 financial year. With a workforce exceeding 24,500 employees and operations across more than 100 countries, NOVOMATIC AG continues to set benchmarks in innovation and global presence.

Objective Commentary: Steering Towards a Bright Future

Stefan Krenn’s appointment to NOVOMATIC AG’s Executive Board is more than a strategic addition; it’s a testament to the company’s ethos of nurturing leadership from within and its vision for continuity and innovation.

As NOVOMATIC AG forges ahead, Krenn’s seasoned expertise and proven track record promise to be instrumental in navigating the complexities of the global gaming market, ensuring the group’s position as a frontrunner in the industry remains unassailable.

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