Frankfurt-listed online lottery provider Lotto24 has appointed Dr Felix Menden to the company’s executive board.
Menden will join the company as chief information officer on December 1st, with responsibilities for IT strategy, software development, and the operation of the Lotto24 platform.
He will also be responsible for the company’s B2G (business-to-government) sector, as well as for process and innovation management.
Menden has over 20 years of experience in the software and internet world, and joins from German B2B search engine platform Wer liefert was?, where he served as chief technology officer for the past 5 years.
He has also worked for Gruner + Jahr's digital business, XING, Odyssey Asset Management and Reuters.
Menden joins CEO Petra von Strombeck and chief financial officer Magnus von Zitzewitz as members of the Lotto24’s executive board.
"The appointment of Dr Menden represents a strategic strengthening of the executive board in the current growth phase,” said Willi Berchtold, chairman of Lotto24’s supervisory board. “The Lotto24 platform is the basis for extending the company's market lead and driving its rapid customer growth - Lotto24 already has over two million registered customers.
“The scalability, the strategic development of the Lotto24 platform and the company's innovative strength will therefore play a decisive role for its future success.”
Shares in Lotto24 AG (FRA:LO24) were trading down marginally by 0.72 per cent at €13.76 per share in Frankfurt Tuesday morning.