Frankfurt-listed lottery provider Zeal Group has confirmed the departure of its chief operating officer Susan Standiford.

Standiford joined the company in May 2015 and has overseen the transformation of Zeal’s technology platforms. She also took on responsibility for the HR function and led the group’s recent launches in Norway and the Netherlands.

Zeal confirmed that she has decided to step down in order to dedicate more time to her non-executive directorship and advisory positions and start-up investments, which include Picsolve International, MyDidimo, and Techstars.

Her responsibilities as a board member have been split between the existing leadership team, with Standiford expected to support the transition through to the end of the year.

“I’d like to thank Susan for her invaluable contribution to the group over the last three years; turbo-charging our technology capability while at the same time reducing its cost, and launching our new primary lottery products into two new international markets,” said Zeal CEO Helmut Becker. “I wish her much luck in her future endeavours.”

Standiford commented: “It has been a tough decision to leave Zeal but the time is now right for me to focus on my other interests, including my non-executive directorship and advisory positions, start-up investments, and my work mentoring the next generation of tech superstars.

“I am incredibly proud of the great tech platform we have put in place, the innovative new lotteries we have launched, and the progress we have made in pursuing our vision to create a better world of lottery.”

Shares in Zeal Network SE (FRA:TIM) were trading down 4.11 per cent at €21.00 per share in Frankfurt Monday morning, just off their 52-week low of €20.00 per share set on November 21, 2017.

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