Codere Group CEO Vicente Di Loreto has disclosed plans to leave his position with the Spanish iGaming group later this year. He will be replaced by two co-CEOs, Alberto González del Solar and Alejandro Rodino, starting July 1, pending regulatory approval.
Di Loreto, who has been CEO since January 2018, will remain a board member and senior advisor to the Codere management team. In the future, he plans to spend more time with his family and pursue personal projects.
“It has been an honor these last four years to be CEO of Codere Group,” said Di Loreto. “Alejandro, Alberto and I have been working together for many years and I am convinced that this new arrangement captures what is best for the company.
“On completion of the restructuring, I have made a lifestyle decision and decided to pass on the baton of executive responsibility. This will allow me to have more time and flexibility, but my commitment to the project, the new board and the management team will remain intact in my new role as Director and senior advisor to the management.”
Rodino currently is chief strategy and corporate areas officer. Previously he was retail COO for Spain. He has been involved with Codere since 2003, either as a consultant or as an employee in various positions. He previously worked in investment banking, in several international assignments related to mergers and acquisitions, fundraising and strategic consultancy.
Solar has held the position of retail COO since 2019, assisting the previous incumbent in Latin America, provisionally holding the position of IT and platform director.
Di Loreto led the company’s restructuring plan, which led to the Madrid-based gaming operator being taken over by creditors in November 2021.
The co-CEOs have worked together at Codere for more than 15 years and are currently leading on the preparation of the group’s business plan for 2022-26, which is under discussion with the board and shortly to be finalized, reported SBC News.
Christopher Bell, the former Ladbrokes CEO who became non-executive chairman of Nueva Codere last month, hailed the transition. “Under the leadership of Vicente Di Loreto, the company has achieved both an operational transformation and financial restructuring in extremely challenging circumstances,” he said. “Alejandro Rodino and Alberto González del Solar are two professionals with in-depth knowledge of the industry and renowned throughout the company.”
