Novomatic AG welcomes Stefan Krenn as its latest executive board member.
Stefan Krenn, a seasoned manager and proven expert from within Novomatic AG's own ranks, has been appointed as a new Member of the Executive Board, effective from February 15, 2024. Krenn will join Dr. Bernd Oswald, Chairman of the Supervisory Board, Ryszard Presch, and Johannes Gratzl on the three-person Executive Board of the international group.
Born in Upper Austria, Krenn has a background in economics and media law. He has been a key figure in the strategic development of Novomatic AG in recent years, having held diverse roles since 2015, including Secretary General, Global Division Manager, and Authorised Representative.
In his new role, Krenn will be responsible for strategic leadership, international expansion, and ensuring the sustainable success of Novomatic AG. He has already expressed his eagerness to take on his new responsibilities and emphasized the importance of brand value as a key indicator of corporate strength and trust for Novomatic AG[1].
Krenn's appointment is part of a broader growth strategy, including acquisitions such as the recent purchase of casinos in Vittel and Bussang, France, which Krenn described as reinforcing a long-term international expansion strategy focused on dynamic markets in Europe[3].
Dr. Bernd Oswald, Chairman of the Supervisory Board, expressed delight at Krenn's appointment and wished him all the very best and much success with his new responsibilities. Oswald is confident that Krenn's experience and expertise will greatly contribute to the company's continued success.
Ryszard Presch and Johannes Gratzl, the other two members of the Executive Board, also welcomed Krenn to the team. They look forward to working together to achieve Novomatic AG's strategic objectives and maintain its position as a leading player in the global gaming industry.
[1] Novomatic AG emphasizes brand value as key indicator of corporate strength and trust, [Retrieved from https://www.novomatic.com/en/news/press-releases/2023/01/01-brand-value-is-key-indicator-of-corporate-strength-and-trust]
[3] Novomatic AG strengthens long-term international expansion strategy with acquisition of casinos in France, [Retrieved from https://www.novomatic.com/en/news/press-releases/2023/03/01-novomatic-ag-strengthens-long-term-international-expansion-strategy-with-acquisition-of-casinos-in-france]
In his new role as a Member of the Executive Board, Stefan Krenn will utilize his finance and leadership skills to lead Novomatic AG's business expansion and ensure sustainable success, strengthening the company's position in the global gaming industry. As Krenn assumes his new responsibilities, he acknowledges the significance of brand value in establishing corporate strength and trust for Novomatic AG.
