Board of directors

Lottomatica Group’s governance takes the form of a Board of Directors with members who satisfy the requirements stipulated by the provisions of law and who remain in office for a maximum of 3 financial years. The Board of Directors is chaired by the Chairman of the Board.

Guglielmo Angelozzi

Chairman and CEO

Guglielmo Angelozzi started his journey in Lottomatica (Gamenet at the time, owned by Trilantic Capital Partners) in August 2014 as Chief Executive Officer of the Group.

He led the development of the Company and the entry of the Group into the sports betting and online sector through the acquisition of the Italian activities of Intralot, the listing on the STAR segment of the Milan Stock Exchange in 2017, and the acquisition of GoldBet.

With the acquisition of the Group by Apollo Global Management and the subsequent delisting of the Company in 2020, he continued as CEO of the Group, which expanded through the acquisition of IGT's non-lotteries gaming activities in Italy, Betflag and SKS365. On 2 July 2025, Guglielmo Angelozzi has been appointed also as Chairman of Lottomatica.

The Group, listed on Euronext Milan of Borsa Italiana since May 2023, is today the leader in the gaming market in Italy, having grown over the past ten years from approximately €60 million to around €700 million in EBITDA in 2024 and from circa 200 to over 2,800 employees (pro forma for the latest acquisitions and related synergies).
Also, within the entertainment sector, Mr. Angelozzi has been Chairman for three years of the trade association of gaming concessionaires ACADI, (formerly part of Confindustria Servizi Innovativi e Tecnologici, now in Confcommercio) and has held various roles at IGT.

Before entering the gaming industry, Mr. Angelozzi worked at the management consulting firm Bain & Company – where he managed numerous projects in Media, ICT, Pharma, and Entertainment sectors – and previously at Accenture. He graduated with honors in Engineering from the University of Bologna and obtained a Master of Business Administration from SDA Bocconi in Milan.

Laurence Van Lancker

CFO and Deputy CEO

Laurence Van Lancker started his journey in Lottomatica in September 2021 as Chief Financial Officer of the Group.

He supported the development of the Company in the consolidation of the Italian gaming market with the acquisitions of Betflag and SKS365, amongst other, and into what is today the leader in the gaming market in Italy, with circa €700 million in EBITDA in 2024 and over 2,800 employees (pro forma for the latest acquisitions and related synergies).

Mr. Van Lancker was key in leading the listing of Lottomatica on Euronext Milan of Borsa Italiana in May 2023, and the Group is now included in the Euro Stoxx 600 index.

Before joining the Group, he was at Credit Suisse from 2006 to 2021, last in his role as co -head of technology, media and telecom investment banking for EMEA and, prior to that, he was head of Credit Suisse’s TMT M&A practice and Gaming franchise in EMEA. Mr. Van Lancker also worked at Value Partners Management Consulting in Italy from 2000 to 2004. He graduated in Electronic Engineering at La Sapienza University, Rome and obtained a Master in Business Administration from IE Business School.

Nadine Faruque

Independent Director and Lead Independent Director

Nadine Faruque started her career as a lawyer in private practice in 1990 as an associate with a leading law firm in New York before joining Baer&Karrer in Zurich, Switzerland in September 1992 where she was a senior associate/partner elect, covering M&A, capital markets, banking and financial institutions.

In March 1998 she joined Merrill Lynch International in London where she held various senior roles in the Office of General Counsel, including that of General Counsel and Head of Continental Europe. In October 2008, she took the role of General Counsel and Group Compliance Officer of the Unicredit Group where she was a member of the Unicredit Group management board as well as the Group Executive, Group Risk and Group Credit committees before joining Deutsche Bank AG Frankfurt in December 2014 as Global Head of Compliance and member of the Group Executive Committee, the Group Risk Committee, Group Reputational Risk Committee and the Global Incident Management Committee. Following her departure from Deutsche Bank, she was a member of the Supervisory Board and the Risk Committee of Luminor AB from January 2019 to July 2019 and has been an industrial adviser of EQT Partners for compliance and regulatory matters on specific projects.

She is a member of the Board of Directors of Banco BPM S.p.A. since April 2020 and a member of the Internal Controls and Risk Committee besides serving on the Advisory Board of the MIB (Master of International Business) of the University Cattolica in Milan. Ms. Faruque graduated from the University of Bern School of Law and holds the title of Fuersprecher and an LLM (Masters in Law) from Duke University School of Law (North Carolina); she is admitted to the Swiss as well as the New York bar.

Currently, Ms. Faruque is the Chairwoman of the Nomination and Remuneration Committee, member of the ESG Committee and, as of 2 July 2025, Lead Independent Director of the Company.

John Paul Maurice Bowtell

Independent director

John Paul Maurice Bowtell is an experienced director with highly relevant industry experience, having spent eight years in the gaming sector serving as Chief Financial Officer for GVC Holdings Plc, one of Europe’s largest gaming businesses, after the acquisition of Ladbrokes Coral Group Plc, where for three years he was the president at subsidiary Eurobet, one of Italy’s largest gaming businesses.

Prior to that, Mr. Bowtell was Chief Financial Officer of First Choice Holidays PLC and became Chief Financial Officer of TUI Travel PLC after its merger with First Choice Holidays PLC in 2007. He previously held a number of senior positions with Centrica, WHSmith and Forte.

Mr. Bowtell has been a Non-Executive Director of a number of listed and non-listed companies and is currently a senior advisor to Alchemy, a special situations private equity fund, where he chairs a number of their businesses. He is a chartered accountant and holds an M.A. from Cambridge University.

Alessandro Fiumara

Director

Alessandro Fiumara joined Lottomatica Group in 2021, where he currently serves as Managing Director Digital and Betting as well as a chairman and CEO of GBO S.p.A., CEO of GBO Italy S.p.A., CEO of PWO S.p.A., Chairman of Giocaonline S.r.l. and Chairman and CEO of Betflag S.p.A., CEO of Totosì S.r.l.

Before joining the Group, he covered several roles in different countries in IGT Group, including the head of strategic planning and control, director of industrial planning and director of the CEO Office.
In 2017, Mr. Fiumara started working in the sports betting business in IGT, taking care of product development, marketing and retail. He became the head of sports betting in 2019 and the CEO of Lottomatica Scommesse in 2020.

Prior to IGT, Mr. Fiumara spent two years in the strategy and business development department of PosteMobile, the MVNO of Poste Group, and seven years in business consulting in McKinsey & Company and Bain & Company.
He graduated cum laude with a degree in Business Administration from LUISS University of Rome in 2003.

Catherine Guillouard

Independent director

Catherine Guillouard started her career at the Ministry of Finance, French Treasury working for the Africa Zone Department - CFA and later in the Office of Banking Affairs. She joined Air France to prepare the IPO in 1997 and hold various senior executive positions including CFO between 2005-2007. She also held the position of Chief Financial Officer and member of the Group Executive Committee at Eutelsat, a leading and global operator of communication via satellites.

Subsequently, Mrs. Guillouard joined Rexel as Chief Financial Officer. From May 2014 to February 2017, she was Deputy Chief Executive Officer. Appointed in 2017 by decree of the President of the French Republic, she has been, up to September 2022, Chairwoman and CEO of RATP group which is the number 3 worldwide operator of public transport system. RATP group operates in Paris but also in cities of 15 countries across the world ( US, Qatar, Egypt, Italy, UK, Saudi Arabia, Maroc, Australia, etc…). Previously, she has been a board member of Technicolor, Aéroport de Paris, Engie and KPN.

Since 2016, Mrs. Guillouard is a board member of Airbus S.E. (member of the Audit Committee and of the Ethics, Compliance, Sustainability Committee). She has been appointed in May 2023 at the board of Air Liquide S.A. (chair of the audit committee).
She has been appointed chairperson of the Ingenico S.A. board on September 30, 2022 and in november 2024, she has been appointed member of the board of directors of Arrive S.A., both non listed corporations.

Augusta Iannini

Independent director

Augusta Iannini served as judge in Italy. During her career within the judicial system she has held numerous relevant positions, including those of investigating judge and judge for preliminary investigations. She has also served in the Ministry of Justice as Deputy Chief of the Cabinet, Director General of Criminal Justice, and Head of the Department of Justice Affairs. She was also Head of the Legislative Office at the Ministry of Justice from June 2008 until June 2012.

From 2012 to 2020, she served as vice president of the Data Protection Authority where she served as Vice President.

She is author of numerous papers and attended several conferences. In 2009 she was awarded the Bellisario Prize for Justice. She holds positions as a member of boards of companies, among which SNAM S.p.A. and member of Board of Directors of Lottomatica Foundation.

Marzia Mastrogiacomo

Independent director

Marzia Mastrogiacomo is a business executive with over 25 years’ experience with multinational and national companies in different industries for complexity and stakeholders: FMCG, Financial and Payment Services, Regulated Markets and Concessions cooperating with Public Administrations. She was CEO of two public gaming concessionaires part of the IGT Group where she was responsible for Lotto and Gratta & Vinci business.

In recent years, after taking a specific training at business schools of Cambridge and Berkeley, Ms. Mastrogiacomo has been mastering Sustainability, Innovation and Digital Transformation impacts and opportunities for corporations. She is strategic consultant with specific focus on the integration of ESG issues in business strategies, organizations, and corporate operational processes.

Gaia Mazzalveri

Independent director

Gaia Mazzalveri has 30 years of experience in Investment Banking and Financial Markets. Ms Mazzalveri has an important track record in mergers and acquisitions, ECM and DCM transactions in the Financial Institutions sector, having assisted all the main financial, banking and insurance companies, private equity funds, companies operating in the para-Banking sector, Banking Foundations and institutions particularly in Italy, as well as operating in some industrial sectors.

Ms Mazzalveri was Co-Head of Investment Banking at Equita Sim, Assistant to the Chief Executive Officer at Banco Popolare, Executive Director at Morgan Stanley, Head of FIG at Mediobanca and Senior Associate at Ernst & Young. She was also a member of the Board of Directors of Atlantia, Datalogic, Alba Leasing, Bormioli Rocco and Esperia SGR. In 2020 Ms. Mazzalveri joined Vitale&Co. S.p.A. as partner.

Tiziana Togna

Independent director

Tiziana Togna, after graduating in Business and Economics, began and continued her entire career at CONSOB. Throughout her professional activity, she held numerous prominent positions across the various areas of competence of the Authority, including Head of the Inspection Division and the Intermediaries Division.

From 2019 to 2023, she served as Deputy General Director (Vicedirettore Generale), with delegated responsibilities for the coordination of intermediaries, issuers, and corporate governance. From 2020 to 2022, she also performed the duties of General Director (Direttore generale facente funzioni).

Since 2024, she has been a member of the technical working group on issuers established at the Ministry of Economy and Finance (MEF), in charge of analyzing and exploring issues related to the comprehensive reform of capital markets regulations.

Starting from October 2025, she serves as a non-executive and independent member of the Board of Directors of Mediobanca S.p.A.

Fabrizio Virtuani

Independent director

Fabrizio Virtuani is Contract Professor in Luiss Business School in the subjects of Digital Transformation, Technological Innovation, ICT Management, Artificial Intelligence and Cybersecurity, in Master in Management and Technology, in Master in Big Data, in Master in Cybersecurity, in Master in Information Technology and Artificial Intelligence, and he was Scientific Coordinator of the Master in Management and Technology - Major in M&A Strategy.

He has significant experience as President, CEO and C-level Executive in national and international companies, and high expertise in Digital Transformation, Technological Innovation, Cybersecurity, Artificial Intelligence, Information Systems Management and Telecommunication Technologies.

He was Chief Executive Officer of Innova, Director of Innovation, Technology and Information Systems of the Tea Group, President and CEO of Lottomatica Betting and Senior Vice President Digital & Betting of Lottomatica (IGT Group, now Brightstar Lottery), Director of the Information Technology function of the Poste Italiane Group, CEO of PosteMobile, as well as Chairman of the Global Cyber Security Center Foundation and Chairman of the Board of Postecom S.p.A.
Previously, he worked at Bain & Company Italy as Associate Partner and at Italtel-Siemens as Marketing and Planning Manager of the Business Unit radiomobile systems.

He holds a degree in Electronic Engineering from the Politecnico di Milano.

Intra-Board committees

The intra-board committees, each for the matters of its own competence, carry out investigative, propositional, and advisory support tasks for the Board of Directors, assisting it with the assessments and decisions to be made.

Risk and Control Committee	Nomination and Remuneration Committee
Gaia Mazzalveri (Chairwoman) Catherine Guillouard Augusta Iannini Fabrizio Virtuani	Nadine Faruque (Chairwoman) Marzia Mastrogiacomo Augusta Iannini
Related Parties Committee	ESG Committee
Augusta Iannini (Chairwoman) Nadine Faruque Gaia Mazzalveri Tiziana Togna	Marzia Mastrogiacomo (Chairwoman) Nadine Faruque Catherine Guillouard

Board of auditors

The Board of Auditors has the function of supervising the activity of the Company and consists of 5 members of whom 3 are standing auditors and 2 alternate auditors. All the auditors meet the requirements of professionalism, integrity and independence that is required under the provisions of applicable law. The Board of Auditors is completed by Dr. Angela Frisullo and by Dr. Alberto Incollingo as substitute auditors.

Andrea Lionzo

Chairman

Andrea Lionzo is full professor of Business Administration at the School of Banking, Finance and Insurance Sciences at Università Cattolica del Sacro Cuore, Milan. He is a Chartered Accountants and Auditor. He holds a PhD in Business Administration from Ca' Foscari University and a Master in Business Administration from Fondazione CUOA. He previously graduated with honors in Business Administration from University of Verona. His main professional and research interests focus on financial accounting, corporate governance and business valuation. He is the author and co-author of numerous books and articles on these topics.

He has gained significant experience in the field of company valuations and corporate operations of an extraordinary nature, in assistance in legal matters brought before judicial authorities or arbitration panels, in corporate information (financial and consolidated financial statements, interim reports, sustainability), as well as in technical consultancy in civil and criminal matters.

He is a member of the Academic Panel of the EFRAG (European Financial Reporting Advisory Group), of the IFRS Group of the OIC (Organismo Italiano di Contabilità) and of the Advisory Board of the OIBR Foundation (Organismo Italiano di Business Reporting, focused on ESG).

He is member of the Board of Statutory Auditors of Cereal Docks S.p.A. and Palladio Group S.p.A., and Chairman of the Board of Statutory Auditors of Federlegno Arredo Eventi S.p.A. and Schenker Italiana S.p.A., and he is independent director of Payden Global SIM S.p.A.

Giancarlo Russo Corvace

Member

Giancarlo Russo Corvace is enrolled in the order of chartered accountants and accounting experts of Rome and in the register of auditors. Mr. Corvace serves as a member of the board of statutory auditors of Reno de Medici S.p.A., Italiaonline S.p.A., Acea Energia S.p.A., Feralpi Holding S.p.A. and Feralpi Siderurgica S.p.A.. Moreover, he was involved in the A.S. Roma S.p.A. IPO, privatization of Aeroporti Roma S.p.A., transfer of Biondi-Santi S.p.A. and other restructuring and project financing transactions.

He graduated in economics from the Libera Università degli Studi Sociali of Rome and holds a master’s in business administration from University of Turin.

Veronica Tibiletti

Member

Veronica Tibiletti is full professor of Business Economics at the University of Parma after obtaining a degree in Economics and Commerce and a PhD in Determination and Communication of value in companies at the University of Parma. He is President of the master's degree course in Administration and Business Management at the University of Parma.

She is the author of numerous publications in national and international journals on corporate governance and sustainability and a speaker at conferences particularly on ESG issues. She is a member of the Editorial Committee of international journals. Ms. Tibiletti has participated in Projects of Significant National Interest (PRIN) on international accounting standards and the economics of business groups.

Ms. Tibiletti is a member of the Scientific Technical Committee of the Association "Italian Network of Universities and Research Institutions for Public Engagement - APEnet", designated by ACRI (Association of Foundations and Savings Banks). She is also member of the ACRI Sustainable Development Commission. Ms. Tibiletti has been appointed representative of the University of Parma in the "University for Industry (U4I)" WG, established by the RUS - Network of Universities for Sustainable Development.

Ms. Tibiletti is a chartered accountant and statutory auditor. She has held and still holds positions in the administrative and supervisory bodies of relevant Italian companies and associations. In particular, he is currently an independent director of CDP Real Asset SGR and a member of the board of auditors of the Fondazione Cariparma.

Supervisory board

The Supervisory Board consists of the following members: Francesca Rosetti (Chair), Stefano Baduini and Giuseppe Marra.

The Supervisory Board oversees the proper functioning of and compliance with the Model adopted pursuant to Legislative Decree No. 231 of 8 June 2001 for the prevention and exemption of the Company from administrative liability arising from criminal offences. The Supervisory Body is granted with autonomous powers of initiative and supervision, and is also responsible for constantly updating the Model.

External auditors

As provided for by the applicable regulations, the external audit company was entrusted for the duration of nine financial years starting from 2023 to PriceWaterhouseCoopers, listed in the special register, appointed for this purpose by the shareholders' meeting. PwC was the external audit company also prior to the listing.

Corporate bodies

Board of directors

Skills dissemination among the members of the Board of Directors of Lottomatica Group

Intra-Board committees

Board of auditors

Supervisory board

External auditors

Headquarters

Contacts

Useful links

Useful links