Zeal Network chair to step down in 2025

Estimated read time 2 min read

German lottery firm on the hunt for a new chair with Peter Steiner’s departure confirmed to take place after next year’s AGM
The post Zeal Network chair to step down in 2025 first appeared on EGR Intel.  

Zeal Network chair Peter Steiner will step down from his position next year to bring an end to his 12-year stay on the firm’s board.

Steiner has informed the operator’s management and supervisory board of his decision, with the chair to depart following the group’s 2025 AGM.

Steiner has been at Zeal since 2013, when Steiner arrived as deputy chairman of the board as well as chairman of the audit committee. In 2017, he was named chair of the German lottery firm.

Zeal’s 2022 AGM saw Steiner confirmed as a member of the supervisory board for a further four years, but will leave his post one year shy of seeing out that period.

In 2019, Steiner became the chairman of the supervisory board of Lotto24, which was previously acquired by the Zeal network.

Alongside his roles at Zeal, Steiner also sits on the boards of Wienerberger and Clariant AG.

Zeal confirmed it will now oversee the succession process and find replacements for both Steiner and Frank Strauß, the supervisory board member who passed away aged 54 last week, as announced on Sunday, 26 May.

Earlier on this month, Zeal Network posted a revenue increase of 35% year on year (YoY) to €36.1m, marking an impressive Q1 for 2024. 

That rise was attributed to a sharp increase in monthly active lottery users (MAUs) as well as gross margin. MAUs rose 23% YoY to 1.3 million. 

Growth remains at the forefront of Zeal’s focus, with the group confirming that its investment arm, Zeal Ventures, will invest €1m into UK-based prize platform Daymade.

Arnold Ash is EGR’s Executive Recruitment Partner. They support ambitious organisations to identify and attract industry leading executive talent. Find out more here.

The post Zeal Network chair to step down in 2025 first appeared on EGR Intel.

 

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