Camelot CEO Nigel Railton is stepping down from the lottery company as its board sees a shake-up.

Having spent 24 years at Camelot and as its CEO since 2017, this comes as the company is set to be taken over by Allwyn Group.

Given the fourth National Lottery license in September 2022, the acquisition follows a deal worth around £100 million, according to reporting by the Evening Standard.

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Camelot chairman Hugh Robertson is also set to step down, with chief financial officer, Clare Swindell and commercial director, Neil Brocklehurst to take over as co-CEOs.

“I am so proud of what we at Camelot have achieved since launching The National Lottery and, in particular, the successes since I took over as CEO,” Railton told The Grocer.

”I believe we can say with confidence that we delivered on the commitments we made at the time of the strategic review in 2017, and that the plan that we built and executed together has delivered far in excess of what we had forecast.”

Robertson added: “It’s been an enormous privilege to have been Camelot’s chairman. Since 2017, National Lottery sales have grown from £6.9bn to £8.1bn last year. In the first six months of this financial year, Camelot reported the highest-ever first-half returns to good causes in the history of The National Lottery.

“This performance is the result of the commitment of each and every one of my colleagues, to whom I would like to give my heartfelt thanks.

“I would particularly like to thank Nigel for his amazing contribution to Camelot during his 24 years with the organisation and, in particular, for leading the UK business to deliver record performances during his time as CEO. I would like to wish all my colleagues at Camelot all the best for the future.”