Mybet CEO Sven Ivo Brinck to step down
Zeno Ossko named successor after Brinck cites personal reasons for departure
Mybet CEO Sven Ivo Brinck will step down from his role as the firm’s CEO at the end of the month, saying he no longer felt like the “perfect match for the company”.
Brinck’s resignation was accepted with “great regrets” by the operator’s supervisory board, which moved swiftly to name Zeno Ossko, who has worked with the firm for more than a decade, as his replacement. Ossko will assume the role on 1 August.
“Mybet is a company I truly cherish,” Brink said. “Since January 2014, we have been able to introduce and implement many positive changes. The new mybet is on a sure path to a more sustainable, safe and profitable future.
“After this initial and very intense period of alignment and reorientation, I feel that my profile is no longer the perfect match for the company. I have therefore decided to make way for an internal solution,” he added.
The operator said Brinck would continue to support mybet in an advisory capacity until at least the end of the year.
“Mr Brinck took the helm at mybet in exceedingly difficult times,” Dr Volker Heeg, chairperson of the supervisory board said. “Under his management, we were able to stabilise and reorganise the company. Mr Brinck has managed to initiate a turnaround, achieved many more successes than any observer had deemed possible,” he added.
Heeg described Ossko as the “ideal man to lead mybet into a successful future as a strong competitor in the sports betting sector” and added that Ossko had already been working closely with Brinck in recent months.
Brinck has steered the company through a turbulent 18 months since taking the helm as long-term successor to Matthias Dahms, with cost-cutting exits from Italy and Spain and a major digital push as the firm looked to make up lost ground online.
However despite a 10% year-on-year increase in total revenues in 2014 the firm’s digital operation continued to struggle, reporting a 5.3% decrease in online staking for the year.
Brinck had pledged a major rethink of the digital strategy and the firm announced in May that it had signed a deal with platform supplier Amelco to overhaul its sportsbook.