Ainsworth Comments on Historical Investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent media reports regarding investigations into CEO Harald Neumann by the Austrian Economic and Corruption Prosecutor’s Office, which began in 2019. These investigations involve over 100 individuals, including Neumann and the company’s controlling shareholder, Novomatic AG.
Ainsworth became aware of the investigations in August 2019 and communicated with gaming regulators accordingly. Neumann, at that time a non-executive director, was deemed suitable to become CEO in October 2021 after a compliance review.
Recent updates suggest that only one investigation related to Mr. Neumann is still open, with further information indicating that it may soon conclude with no allegations of wrongdoing.
Key Points
- Ainsworth responds to media reports on investigations involving CEO Harald Neumann.
- Investigations by the WKStA began in 2019 and include over 100 individuals.
- Neumann was a non-executive director prior to his CEO appointment.
- He has been found suitable in over 100 licensure jurisdictions despite the investigations.
- All but one investigation involving Neumann has been discontinued with no wrongdoing found.
Why should I read this?
If you’re involved in or interested in the gaming industry, this article sheds light on a significant ongoing issue that has potential ramifications for governance and compliance within companies like Ainsworth. Understanding these investigations can help stakeholders grasp how leadership actions affect business stability and public perception.