Lottomatica has actually finished a fresh shake-up of its boardroom, selecting two brand-new independent directors as the business continues to fine-tune its corporate governance.
The statement was made in Rome on 5 September and follows a hectic summer of changes. Earlier this year, Chairman Andrea Moneta and Non-Executive Directors Michele Rabà, Michael Saffer and Yulia Shakhova all stepped down from their positions.
Their departures were partly balanced out in July, when the board included Laurence Van Lancker and Alessandro Fiumara as Executive Directors.
The most recent update sees Tiziana Togna and Fabrizio Virtuani sign up with the board as independent, non-executive directors. Both have been evaluated under Italian law and the Corporate Governance Code to guarantee they fulfill all self-reliance requirements.
A company statement stressed that "the co-optation process finishes the renewal of the board and reinforces business governance through the consultation of 2 extra independent directors and the reorganisation of board committees".
Committee changes
The new arrivals have actually likewise triggered a reshuffle of Lottomatica's internal committees. Augusta Iannini, who currently chairs the Related Parties Committee and sits on the Risk and Control Committee, has actually been handed extra duties on the Nomination and Remuneration Committee.
Meanwhile, the Related Parties and Risk and Control Committees have both been expanded from 3 to four members. Togna will serve on the Related Parties Committee, while Virtuani has actually been included to the Risk and Control Committee.
Both directors will hold their seats until the next shareholders' meeting, arranged for April 2026, when the complete board is due to be renewed. Lottomatica validated that neither Togna nor Virtuani own shares in the company.
Strong performance background
The governance refresh begins the back of a record year for the Milan-listed gaming group. In its 2024 results, Lottomatica reported adjusted EBITDA of EUR739m, a 24% increase on 2023 and easily ahead of its own assistance.
Total GGR for the year rose past EUR2bn for the very first time in company history, sustained by rapid growth across online betting and gaming.
Online revenues struck EUR780m, a 50% boost on the previous year, helped by the acquisition of SKS365Group and its Planetwin365 brand. Further M&A activity saw the company purchase Cristaltec SPA and Distante SRL, deepening its presence even further in the Italian market.
