ZEAL Network SE: Dr Hans Cornehl will step down at the end of the year as CEO of ZEAL Network SE - the Supervisory Board has appointed CMO Dr. Helmut Becker as successor

May 26, 2015 8:30 AM

ZEAL Network SE / Key word(s): Change of Personnel

2015-05-26 / 08:30

Dr Hans Cornehl, Chief Executive Officer of ZEAL Network SE, today informed the Supervisory Board of the company that he did not wish to renew his contract when it runs out on 31 December 2015. After thirteen years on the Executive Board of the company, with a period of four years of those as the CEO, Cornehl is planning to take up new career challenges. The Supervisory Board has accepted his decision with regret and thanks Dr Cornehl for his exceptionally successful work on the strategic realignment and further development of the company.

Dr Cornehl: "The right time has come to hand over the baton. The company is in an outstanding financial position with excellent prospects for the future. The new growth strategy has started and the first initiatives are beginning to take effect. We have also been able to recruit Jonas Mattsson and Susan Standiford as members of the Executive Board. They are two outstanding managers with truly remarkable professional careers."

The Supervisory Board has decided to appoint Dr Helmut Becker to succeed Dr Cornehl as the new Chief Executive Officer of ZEAL Network SE. Since 1 June 2013, Dr Becker has been Chief Marketing Officer at ZEAL on the Executive Board. Previously, he held a number of top management positions including Chief Commercial Officer on the Executive Board at XING AG, and various management positions at eBay Deutschland. Up until he joined the Executive Board, he also served as a member of the Supervisory Board of ZEAL for two years.

The appointment of Dr Becker as Chief Executive Officer ensures ongoing continuity in the strategy and operational management of the company. Dr. Becker: "We will continue accelerating the expansion of the three strategic divisions of ZEAL, in order to take advantage of the increasing digitisation and changes to the regulatory framework. After a successful start to 2015 with a strong increase in sales and profit, alongside the payment of the first interim dividend in the current year, we are well on our way to generate additional growth and to create added value."

Andreas de Maizière, Chairman of the Supervisory Board: "Hans Cornehl has played an important role in defining the way forward for the company. When growth started to take off, he was the key player in establishing the platform and ultimately drove forward the expansion in subsequent years. Dr Cornehl has made a significant contribution to forging the long-term business success and creating the special culture prevailing at ZEAL. He has made a big personal commitment and has used creativity and exceptional conviction to pursue new directions in particularly challenging times. Together with his colleagues on the Executive Board, Dr Cornehl has placed the company on an extremely robust financial footing and positioned it for a promising long-term future. In the name of the Supervisory Board, I would like to thank him for his successful work and wish him all the best for his personal life and professional career.

I am delighted that we have been able to appoint Helmut Becker, a current Member of the Executive Board, as the new Chief Executive Officer. He has a thorough knowledge of the company and has made a major contribution towards developing the current strategy. Customers, employees and shareholders at ZEAL can therefore look forward to a significant measure of continuity in the company management."

Dr Cornehl joined the Executive Board of ZEAL Network SE - Tipp24 AG at the time - in 2002. In October 2005, he took the company to a listing on the stock exchange and headed the company as sole Member of the Executive Board from October 2009. When the Executive Board was expanded in 2011, he was appointed as the Chief Executive Officer. When the Interstate Treaty on Gambling (Glücksspielstaatsvertrag) came into force in 2009, a complete change in the business model was required. He played a leading role in bringing stability to the company and implementing a realignment. Under his leadership, the German lottery brokerage business obtained an independent listing on the stock exchange in 2012 through a successful spin-off as Lotto24 AG. Over the past two years, he has managed a number of initiatives, including the development of new business segments and relocating the registered office of the company from Hamburg to London.

Press contact:
ZEAL Network SE
Press office
Tel.: +44 (0)20 3739-7000
E-Mail: media@zeal-network.co.uk
Internet: www.zeal-network.co.uk

About ZEAL Network SE:
ZEAL is a holding company specialized in the area of online lottery. We offer consumer facing lottery-based games as well as business to business solutions. Our vision is to create a better world of lottery.

ZEAL Network SE is a London based company, founded in Germany in 1999 as Tipp24 SE. In November 2014, the company was renamed in today's ZEAL Network SE. Its shares are listed on the Prime Standard of the Frankfurt Stock Exchange and are included in the SDAX index. To the current day ZEAL has generated stakes of 2.5 billion euros and thus contributed over 650 million euros in taxes and duties.

ZEAL holds equity interests in businesses running under the following brands: Lottovate offers digital services to licenced lottery operators around the world (www.lottovate.com). Lotto Network enables private business partners to host their own branded lotto product (www.lottonetwork.com). Geolotto is an innovative geographical based lotto game in the UK (www.geolotto.co.uk). Ventura24 is a lottery ticket broker in Spain (www.ventura24.es). Tipp24 offers consumer facing secondary lottery products (www.tipp24.com).

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