Gambling software developer Playtech Plc spent almost two years seeking a successor to board chairman, Alan Jackson. The search has ended with the selection of Brian Mattingley, who will leave his post as executive chairman of 888 Holdings after 15 years. Mattingley will exit in May, to be replaced by Lord Jonathan Mendelsohn.
“I’m very pleased to be joining Playtech, at such an exciting time in the company’s development,” Mattingley told SBC News. “Playtech is ideally placed to continue to build on its market leadership position.”
Following the official departure of Jackson last May, Playtech tapped non-executive director Claire Milne as interim chair. At the time, the board suspended its search because of the Covid-19 pandemic.
“In selecting the new chair, we wanted to appoint an individual with significant online gambling experience and a track record of delivering high levels of corporate governance and stakeholder engagement in a highly regulated and fast-growing industry,” Milne said.
Mattingley takes over at a time when Playtech reports three years of underperformance. Revenue slumped 22.5 percent the first half of last year, according to City A.M. Playtech sold off non-gaming assets YoYo Games and financial services unit Finalto to concentrate on gambling.