Austrian gaming giant Novomatic Group has named Dr Bernd Oswald as its new chairman.

Oswald is an expert in commercial and corporate law and previously served on Novomatic’s supervisory board until 2012.

He will assume his new role after the company's next general meeting on February 16th.

Oswald replaces Herbert Lugmayr, Novomatic's chairman for the past 20 years, who will continue to work with the board in an advisory capacity.

Oswald will be supported on the supervisory board by deputy chairwoman Martina Flitsch, Barbara Feldmann and Martina Kurz.

On March 1st the board will expand to a total of five members with the addition of certified public accountant Dr Robert Hofians.

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