Tipp24 SE: CFO of Tipp24 SE to leave company at own request
Jun 3, 2014 2:13 PM
Tipp24 SE / Key word(s): Change of Personnel
(London, 3 June 2014) The Chief Financial Officer of Tipp24 SE, Andreas Keil, is to leave the company at his own request. It is with great regret that he is resigning from Tipp24 for personal reasons. Against this backdrop, the company and Mr Keil have signed a contract termination agreement which suitably takes account of both parties' interests. It is planned, for example, that Mr Keil will continue to assist the company until 30 September 2014 in order to ensure a smooth transition.
Andreas Keil took up his position at Tipp 24 SE on 1 February 2013 and, amongst other things, was responsible for conducting a capital increase and helping steer the relocation of the company's registered office to the UK. Before joining the company, he worked for the specialist chemicals company H&R AG and the French Louis Dreyfus Group.
Andreas de Maizière, Chairman of the Supervisory Board of Tipp24 SE, states: "We sincerely regret that Andreas Keil has decided to step down from the Executive Board of Tipp24 SE. Over the past 16 months, he has not only performed his duties as CFO but also displayed great expertise in steering the company's complex relocation process. On behalf of the Supervisory Board, I wish him all the best for the future."
About Tipp24 SE: Tipp24 SE was founded in September 1999 and holds equity interests in a number of companies in Spain and the UK which enable participation in lottery-based games via the Internet, especially via the websites www.ventura24.es, www.mylotto24.co.uk, www.tipp24.com and www.geolotto.co.uk. From its foundation to the current day, Tipp24 has generated stakes of 2.5 billion euros and thus contributed over 650 million euros in taxes and duties. Following its successful IPO in 2005 (Prime Standard), the company was admitted to the SDAX index in June 2009. In July 2012, German online brokerage activities were successfully spun off from Tipp24 SE in the form of the company Lotto24 AG, which is listed separately on the stock exchange. In February 2014, the company successfully completed the relocation of its registered office to the UK, from where it plans to drive the internationalisation of its business activities.
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