Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to recent media articles regarding investigations initiated by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) into CEO Harald Neumann and others. The investigations began in 2019, focusing on over 100 individuals. Ainsworth was aware of these investigations and has communicated with gaming regulators about them.
Mr Neumann, who was a non-executive director at the time, has since been monitored by Ainsworth’s Regulatory Compliance Committee, which deemed him suitable for his current role as CEO.
Key Points
- Ainsworth acknowledges WKStA investigations that began in 2019 concerning CEO Harald Neumann and others.
- The company communicated with gaming regulators about the ongoing investigations.
- Mr Neumann’s previous non-executive role did not impact the suitability assessment before his appointment as CEO.
- Most investigations involving Neumann have been discontinued, with no findings of wrongdoing.
- Ongoing updates are provided by the Regulatory Compliance Committee to ensure transparency and compliance.
Why should I read this?
If you’re curious about the scrutiny facing key figures in the gaming industry and the implications it has for compliance and leadership strategies, then this article is definitely worth a look. Ainsworth’s transparency in addressing these investigations sheds light on how companies navigate potentially fraught regulatory waters.