Frankfurt-listed lottery broker Zeal Group has expanded the roles of two key executives as it looks to build on a number of positive developments in 2017. 

The company has  promoted technology chief Susan Standiford to the position of chief operating officer and expanded the role of Zeal Investments director James Oakes to include corporate development.

Standiford will retain her chief technology officer brief while also assuming responsibility for the group's HR function, in addition to serving as general manager for the company's Lottovate brand.

Oakes, meanwhile, will now work on internal incubation projects, as well as leading on strategy development and pursuing new business opportunities as corporate development director.

He will also retain his existing responsibilities as director of Zeal Investments, which includes external investment and M&A.

"We made good progress towards our vision in 2017, and we don't intend to stop there," Zeal chief executive Dr Helmut Becker said. "We have lots more exciting things happening in 2018.

"Susan and James' role changes are a natural next step as we revolutionize the sector on our way to creating a better world of lottery."

Shares in Zeal Network SE (FRA:TIM) were trading down 2.26 per cent at €21.65 per share in Frankfurt early Wednesday morning.


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