German online lottery broker Lotto24 has appointed chief information officer Kai Hannemann as a member of the company's executive board with effect from July 1st.

As the newest member of the board, Hannemann will head the departments of IT strategy, systems, processes and operations. In addition, he will be responsible for  B2G (business-to-government) activities, as well as process and innovation management.

He has over 25 years of experience in software development, planning, developing and implementing complex IT systems, as well as managing companies in the IT sector.

Hannemann joined Lotto24 in February 2014 from his position as managing director of Partner Solutions and has since set up the entire IT organisation and infrastructure for the operator.

Willi Berchtold, chairman of Lotto24’s Supervisory Board, commented: "Over the last two years, Kai Hannemann has done a fantastic job for us. Lotto24's IT is now one of the most powerful in the online lottery segment.

“It provides the basis for the further expansion of our market leadership and enables us to handle fast customer growth - Lotto24 already has over one million registered customers. The creation of a new seat on the board underlines the importance of IT for the continued success of our company."

The Executive Board now comprises Kai Hannemann, chief executive officer Petra von Strombeck, and chief financial officer Magnus von Zitzewitz.

Shares in Lotto24 AG (Co. Data) (FRA:LO24) closed in Frankfurt Thursday at €4.79 per share.


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