(Hamburg, 8 November 2018) The Supervisory Board of Lotto24 AG, Germany’s leading online provider of state-run lotteries, has appointed Dr Felix Menden to the company’s Executive Board with effect from 1 December 2018. As Chief Information Officer (CIO), he will be responsible for IT strategy, software development and the operation of the Lotto24 platform. In addition, he will also have responsibility for the B2G (Business-to-Government) sector as well as for process and innovation management. Chief Executive Officer Petra von Strombeck and Chief Financial Officer Magnus von Zitzewitz have both been members of the Executive Board of Lotto24 AG since 2012.
Felix Menden has over 20 years of experience in the software and Internet world. The 45-year-old comes from Wer liefert was? GmbH, where he served as CTO over the past five years with responsibility for software development, IT operations, product management, SEA/SEO activities and growth projects. Prior to this, he successfully drove forward Gruner + Jahr’s digital business – firstly as head of their Digital Center and later as General Manager of G+J Digital GmbH. At XING AG, his roles included Vice President Product & Engineering with responsibility for development and operation of the XING platform, as well as the fields Product Management, Quality Assurance and Business Intelligence. In his previous positions at Odyssey Asset Management and Reuters AG, he also held technology-focused positions from IT Project Manager to Head of Development.
After studying physics in Hamburg and Vancouver, Felix Menden was awarded a PhD in particle physics by the University of Freiburg in 2001. In addition, he holds an MBA in International Management, International Marketing and E-Business from NORDAKADEMIE.
“The appointment of Dr Menden represents a strategic strengthening of the Executive Board in the current growth phase. The Lotto24 platform is the basis for extending the company’s market lead and driving its rapid customer growth – Lotto24 already has over two million registered customers. The scalability, the strategic development of the Lotto24 platform and the company’s innovative strength will therefore play a decisive role for its future success,” says Prof Willi Berchtold, Chairman of the Supervisory Board of Lotto24 AG.
