Key points:
- Zeal Network SE has confirmed that current CEO Helmut Becker will not be extending his contract in January 2026
- Becker is set to move on to pursue alternative entrepreneurial aspirations
- The Board has stated its regret at Becker’s decision as the search for his successor begins
German Lottery supplier Zeal Network SE has announced that current CEO Dr Helmut Becker will not renew his contract in January 2026 when it expires, with Becker set to pursue his entrepreneurial aspirations elsewhere.
Following an official notification from Zeal Network’s Supervisory Board, it has been confirmed that Becker is set to leave his position in January next year after 12 years with the company. During his time with Zeal, he spent two years as CMO, 12 years as a member of the Executive Board and 10 years as CEO.
Naturally, both he and the company have reiterated his commitment to Zeal Network’s ongoing operations for the duration of his remaining contract, as well as providing reassurances of a smooth transition to his successor.
During his tenure, Becker helped orchestrate the acquisition of Lotto24 AG – as well as Zeal’s re-entry into the German market. Now, following news of this imminent departure, Zeal Network has begun the search process for Becker’s replacement.
Commenting on his decision not to renew his contract, Becker said: “Zeal is in an excellent position to continue to grow in the future. After almost ten years as CEO, I have decided that now is the right time to pursue my own entrepreneurial endeavours.
"This has been a difficult decision for me. I will especially miss our exceptionally strong team and the unique culture we have built together, characterised by innovation, customer focus and team spirit. I will continue to work hard until the end of my term to achieve the goals we have set together.”
Good to know: Earlier this month, Zeal Network SE appointed Andrea Behrendt as its new company CFO
This latest update comes following a FY 2023 financial report, released in March 2024, which highlighted 10% revenue growth for Zeal over the course of the year. Following on from this, the company also updated its FY 2024 financial guidance, highlighting an expected revenue of €175m ($189.3m) – to €185m.
Also commenting on Becker’s departure was Peter Steiner, Chairman of the Supervisory Board, said: “The Supervisory Board of Zeal Network SE has noted with great regret Helmut Becker's decision not to seek a contract extension. Helmut Becker has played a decisive role in taking Zeal’s business development to a new level.
“Under his leadership, Zeal has established itself as a market leader in the online lottery market, significantly expanded its customer base and crucially broadened its offering through innovative product development. On behalf of the Supervisory Board, I would like to thank him for his outstanding commitment and strategic vision. We wish him all the best for his personal life and professional career.”
