Italy’s Lottomatica Group has approved a new set of directors following the resignation of four directors, including the company chair.
On 1 July, the operator confirmed that Andrea Moneta, chair of the board, alongside Michele Rabà, Michael Saffer and Yulia Shakhova, collectively resigned from the company following the recent sale of all the company’s shares owned by Gamma Intermediate.
Rabà also stepped down from her role on Lottomatica’s nomination and remuneration committee.
Gamma Intermediate is a company created on behalf of investment funds managed by Apollo Management, of which the directors listed above were representatives.
At a board meeting on 2 July, the board of directors approved a new governance structure.
Current Lottomatica CEO Guglielmo Angelozzi has been appointed executive chairman of the board.
Lottomatica’s finance chief, Laurence Van Lancker, and the company’s head of digital and betting, Alessandro Fiumara, have also been appointed to the board, with the Lancker also named as deputy CEO to assist Angelozzi in company management.
Additionally, independent director Nadine Faruque has been selected as lead independent director.
The board is seeking two additional independent directors to complete the group, with the selection process to be finalised in the coming weeks.
The new board of directors will serve until the next shareholders meeting, which is scheduled for April 2026.
Shares in Lottomatica Group SpA (MIL:LTMC) were trading 0.35 per cent lower at €22.92 per share in Milan Thursday morning.