Lottery supplier Novomatic Lottery Solutions (NLS) has announced the departure of Frank Cecchini, who has stepped down as chief executive after four years in the role.
The company said that Cecchini has stepped down for personal reasons but will remain with the business to facilitate the transition to a new management team in the coming months.
He will be replaced as chief executive by NLS chief financial officer Jakob Rothwangl, who has been with the company for the past ten years as CFO of Novomatic Americas and head of group M&A for Novomatic.
“We would like to thank Frank for his dedication towards NLS,” said Rothwangl. “His passion for the industry, coupled with the innovative spirit of our teams, built a strong brand that is transforming the lottery industry.”
The new NLS executive management team will be comprised of Rothwangl as CEO and CFO, Manuel Bauer as chief technology officer, and Thomas Schmalzer as managing director and chief operating officer.
“Novomatic Lottery Solutions remains fully committed to providing innovative products, engaging games and state-of-the-art technology to the lottery market,” said Schmalzer. “While NLS continues to be a stable partner to its customers and suppliers worldwide, it looks to the future and how lotteries can be freed from the constraints of legacy technology.”