Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent media reports regarding ongoing investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) into CEO Harald Neumann and other associates. The investigations began in 2019 and involved over 100 individuals, including Ainsworth’s major shareholder, Novomatic AG.
The company learned of these investigations back in August 2019 and promptly informed gaming regulators. Neumann was a non-executive director during the investigation period and has always been transparent with regulators.
Key Points
- Ainsworth acknowledges ongoing inquiries linked to its CEO Harald Neumann, dating back to investigations started in 2019.
- The company has kept regulators informed about the investigations, which include over 100 individuals.
- Despite initial media reports, Ainsworth states no factual evidence justifies the allegations against Neumann.
- Recently received guidance suggests that nearly all investigations have been closed without findings of wrongdoing.
- The Ainsworth Board has determined Neumann suitable for his role, following a probity assessment before his appointment as CEO in 2021.
Why should I read this?
If you’re in the gaming industry or follow corporate governance, Ainsworth’s statement on these investigations is a must-read! It sheds light on how the company navigates regulatory challenges and highlights accountability at the top level. Plus, it’s always good to be in the know about potential impacts on corporate leadership structures. Don’t miss out on these vital insights!