Lottomatica has finished a fresh shake-up of its conference room, designating two brand-new independent directors as the company continues to tweak its business governance.

The statement was made in Rome on 5 September and follows a of modifications. Earlier this year, Chairman Andrea Moneta and Non-Executive Directors Michele Rabà, Michael Saffer and Yulia Shakhova all stepped down from their positions.

Their departures were partially offset in July, when the board included Laurence Van Lancker and Alessandro Fiumara as Executive Directors.

The most current upgrade sees Tiziana Togna and Fabrizio Virtuani sign up with the board as independent, non-executive directors. Both have been evaluated under Italian law and the Corporate Governance Code to guarantee they fulfill all self-reliance requirements.

A company declaration stressed that "the co-optation procedure completes the renewal of the board and strengthens business governance through the consultation of two extra independent directors and the reorganisation of board committees".

Committee modifications

The new arrivals have actually also triggered a reshuffle of Lottomatica's internal committees. Augusta Iannini, who currently chairs the Related Parties Committee and sits on the Risk and Control Committee, has actually been handed additional tasks on the Nomination and Remuneration Committee.

Meanwhile, the Related Parties and Risk and Control Committees have both been broadened from 3 to 4 members. Togna will serve on the Related Parties Committee, while Virtuani has actually been added to the Risk and Control Committee.

Both directors will hold their seats until the next shareholders' conference, arranged for April 2026, when the full board is due to be renewed. Lottomatica confirmed that neither Togna nor Virtuani own shares in the business.

Strong performance background

The governance refresh begins the back of a record year for the Milan-listed betting group. In its 2024 outcomes, Lottomatica reported adjusted EBITDA of EUR739m, a 24% rise on 2023 and conveniently ahead of its own guidance.

Total GGR for the year rose previous EUR2bn for the very first time in company history, fuelled by fast growth across online wagering and video gaming.

Online earnings hit EUR780m, a 50% boost on the prior year, assisted by the acquisition of SKS365Group and its Planetwin365 brand name. Further M&A activity saw the company purchase Cristaltec SPA and Distante SRL, deepening its existence even further in the Italian market.