Stefan Krenn appointed as an executive board member within NOVOMATIC AG organization
Stefan Krenn Joins NOVOMATIC AG's Executive Board
Stefan Krenn, an experienced manager with a background in economics and media law, has been appointed as a Member of the Executive Board (Vorstand) of NOVOMATIC AG, effective from February 15, 2024.
Krenn's career at NOVOMATIC AG has spanned several years, with roles that encompass strategic development and decision-making for the group. He has been holding diverse positions at NOVOMATIC AG since 2015, including Secretary General, Global Division Manager, and Authorised Representative.
Dr. Bernd Oswald, the Chairman of the Supervisory Board of NOVOMATIC AG, expressed delight at Krenn's appointment. Oswald wished Krenn all the best and much success with his new responsibilities. Dr. Oswald also expressed gratitude towards Krenn for his significant contributions to the company's success.
Krenn will form part of a three-person Executive Board, alongside Ryszard Presch and Johannes Gratzl. The Upper Austrian will play a pivotal role in the sustainable success, further expansion, and clear positioning of NOVOMATIC AG on international markets.
Krenn's appointment comes as NOVOMATIC AG continues to expand its international presence. He has publicly spoken about NOVOMATIC’s international expansion efforts, particularly in France. For example, he highlighted the acquisition of the Vikings Casinos portfolio in France as a key step in NOVOMATIC’s sustainable growth strategy and strengthening its position in the European gaming market. Krenn described this acquisition as reinforcing a long-term international expansion strategy, with France viewed as a dynamic market for gaming.
Thus, Krenn’s role in NOVOMATIC AG centers on executive leadership within the company, focusing on advancing its growth and market presence internationally, with an emphasis on strategic acquisitions and expansion in European markets such as France. Krenn, who is currently serving as a Managing Director and sits on the Supervisory Board of several group subsidiaries, has shown gratitude towards the Supervisory Board for their trust in him. He has also expressed his enthusiasm for his new role as a Member of the Executive Board.
In summary, the appointment of Stefan Krenn to the Executive Board of NOVOMATIC AG marks a significant step in the company's ongoing expansion efforts. Krenn's extensive experience and expertise within the company make him an ideal candidate to drive the growth and success of NOVOMATIC AG on the international stage.
Stefan Krenn's new role on the Executive Board of NOVOMATIC AG will involve leveraging his years of experience for strategic business decisions, shaping the company's finance and career growth. As a key player, he will oversee the sustainable success and international expansion of NOVOMATIC AG, particularly in the European markets such as France.
