Venerable Chairman of JAXX AG Retires
JAXX AG recently announced that its chairman Goetz Graf von Hardenberg will soon step down effective April 6, 2009. The remaining board members will propose to shareholders for the appointment of Rainer Jacken effective May 14 at the forthcoming shareholders’ meeting to retain the required number of board seats in the firm.
Upon assumption as chairman, he will have to relinquish his duties as management board member. A board spokesperson, Jacken is in charge also of Consumer Sales, Investor Relations and Business Development. These functions will be divided between Mathias Dahms and Stefan Hanel with Dahms as the new spokesperson. Jacken is a founder and owns 1.60 percent of the company. Dahms on the other hand has been with the firm since its inception.
Graf von Hardenberg has been chairman of the Supervisory Board at JAXX AG since the board was put up in December 22, 1998. He had ably guided the firm through good and bad times during the past ten years. Von Hardenberg is also management board member of Hanseatische Verlags-Beteiligungs AG in based at Hamburg, Germany. He will be leaving the firm in high spirits as JAXX AG is making huge strides in making the transition from a mere German lottery agent to one of Europe’s biggest gaming groups.
Jacken himself is quite confident that the firm is well positioned for further growth as they have laid the solid foundations outside of their traditional lottery market. Shifting to sports betting allows more room for expansion as the German lottery market is overburdened by a layer of ridiculous legislation, he said.
JAXX AG was formerly the FLUXX AG, that is now principally engaged in the development and supply of gambling products and platforms. They also offer self-marketed gaming products. It generates profits via the gaming value creation chain: agency commissions, trust fees, bookmaking revenues, license fees and customizing charges. It further secures its industry position by offering a range of self-marketed gaming products for consumers with partners AOL, freenet, Yahoo! and Lycos.
