Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has issued a statement regarding ongoing investigations involving CEO Harald Neumann, initiated by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) since 2019. The investigations involve over 100 individuals, including Neumann, who was previously a non-executive director at Ainsworth. The company has maintained open communication with gaming regulators throughout this period.
Ainsworth explains that after legal consultation, they concluded that these preliminary investigations did not warrant a significant public announcement due to a lack of definitive evidence. Notably, all but one investigation against Neumann and Novomatic AG has been discontinued, with a recommendation that Neumann was suitable for the CEO position following a thorough vetting process.
Key Points
- Ainsworth acknowledges recent media articles about the investigations into CEO Harald Neumann.
- The investigations were initiated in 2019 and involved many individuals, including Ainsworth’s CEO.
- Neumann was briefed on the investigations when they first became public in 2019.
- The board monitored the situation and determined no immediate need for disaster management announcements.
- Most investigations have been dropped, with one remaining under review but anticipated to conclude without findings of wrongdoing.
Why should I read this?
This article unpacks crucial updates regarding Ainsworth’s leadership amid serious regulatory scrutiny. If you’re in the gaming industry or just curious about corporate governance, this news is essential. It sheds light on how companies manage challenges and uphold compliance within the often murky waters of regulatory investigations. We’ve done the hard work for you—dig into these insights!