At the request of the Executive Board and Supervisory Board of ZEAL Network SE, the leading German online provider of lottery products, the Hamburg Local Court has appointed Mr. Kenneth Chan as a new member of the Supervisory Board. He succeeds Marc Peters, who has resigned from his position as a member of the Supervisory Board. The court appointment is valid until this year’s Annual General Meeting of the Company.
Kenneth Chan is the Managing Director of Working Capital. He graduated from Yale University.
Chan, who is the Managing Director of the London-based hedge fund manager Working Capital and holds a diploma from Yale University, will fill the void left by the departure of ZEAL Peters on an interim basis until this year’s Annual General Meeting after the co-founder and ZEAL shareholder has resigned from his position.
Zeal reported that Revenues grew by 14 per cent to €74.5m for the first three quarters of the financial year. EBITDA was up by 25 per cent at €22m and transaction volume rose by 10 per cent to €544.4m.
