Sportsbook platform supplier Gaming Innovation Group (GiG) announced that its board of directors has agreed with Richard Brown to step down as group CEO as of December 31.
The board initiated a strategic review in February with the intention to split GiG into two separate corporate groups, GiG Media and GiG Platform & Sportsbook. GiG Media will continue under its current senior leadership, and a search for a new CEO for the Platform & Sportsbook arm has commenced.
“Richard has done a tremendous job with GiG over the years, and the company is in a very good position driving shareholder value going forward,” said board Chairman Petter Nylander. “We are pleased that Richard has agreed to stay until the end of the year to secure a smooth transition.:
“It has been a true honor and privilege to be part of Gaming Innovation Group’s development over the past eight years and the last four years as CEO, leading an incredible group of people towards, as I see it, the unparalleled strategic position across the B2B value chain that the group has created,” said Brown.
“I have no doubt that the teams throughout the organization and the management groups of the respective business units have the skills and passion to continue the growth of the business towards its financial and operational targets.”
