In a press release issued by Novomatic on February 28, the supervisory board of announced that they had accepted the resignation of CEO Harald Neumann. The resignation took effect on February 29.

Dr. Bernd Oswald, chairman of the supervisory board, commented, “On behalf of company founder Prof. Johann Graf and the supervisory board of NOVOMATIC AG, I would like to thank Mr. Neumann for his great commitment as chairman of the management board over the past six years. Mr. Neumann made a significant contribution to the successful expansion of the group. His personal wish to resign from his position at the end of the month was granted with regret.”

Neumann is stepping down from the position for family reasons, as per the release. He will continue to remain with the supervisory board and will advise the company on international projects.

Until a permanent replacement is found, Ryszard Presch and Johannes Gratzl will take over the management board responsibilities and will lead the management team of the company. Presch serves as the company COO while Gratzl is the CFO at Novomatic.