Friday May 11, 2012 :  TIPP24 EXECUTIVE APPOINTMENTS FOR LOTTO24
 
Newly formed company to be co-led
 
Tipp24SE's strategy to spin off the future Lotto24 AG (currently Tipp24 Deutschland GmbH) has taken another step forward with the appointment of Petra von Strombeck (42) and Magnus von Zitzewitz (44) to the executive board of the new company.
 
von Strombeck, who currently holds the position of chief marketing officer of Tipp24SE, will head Lotto24 AG as chief executive officer along with von Zitzewitz, who currently holds the positions of managing director of Tipp24 Deutschland GmbH and director of corporate & public affairs at Tipp24 SE.
 
Both executive managers will end their activities at Tipp24 SE on completion of the planned spin-off of the wholly-owned subsidiary of Tipp24 SE scheduled for late June 2012.
 
Petra von Strombeck, comments: “I am looking forward to driving the establishment and future development of Lotto24 AG together with Magnus von Zitzewitz. Against the backdrop of the imminent liberalisation of the German market and the resulting opportunities, Lotto24 AG aims to resume the many years of success enjoyed by Tipp24 in the online brokerage of Germany’s state-run lottery.“