Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent media reports concerning ongoing investigations initiated by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) in 2019. The investigations involve more than 100 individuals, including CEO Harald Neumann and Novomatic AG, which is Ainsworth’s controlling shareholder.
Ainsworth was made aware of such investigations in 2019 and has kept regulators informed about the developments. The company initially decided against a public announcement, citing insufficient grounds for the allegations, but has since monitored the situation regularly.
Despite these investigations being public knowledge, it’s pertinent to highlight that Mr Neumann’s appointment as CEO came after thorough probity checks, which deemed him suitable for the role. Most investigations have reportedly been discontinued, with one still pending finalisation.
Key Points
- The WKStA investigations into Neumann and Novomatic AG have been underway since 2019.
- Ainsworth was first made aware of the investigations in August 2019.
- Regular updates have been provided to gaming regulators during the investigation process.
- Most investigations have been discontinued, with only one remaining under review.
- Harald Neumann was found suitable for his CEO role post-investigation checks.
Why should I read this?
If you’re interested in the leadership dynamics within gaming companies or the impact of regulatory investigations on corporate governance, this article is a must-read. It sheds light on significant issues affecting a key player in the gaming industry, providing insights into how such investigations are handled and their implications for business leadership.