FSB CEO steps up to board as part of company restructure
David McDowell brings an end to 15-year spell as chief exec to usher in new era at the supplier
FSB CEO and co-founder David McDowell has stepped up to the group’s board of directors, signalling the end a 15-year spell as the supplier’s chief exec.
McDowell will bring his decade-and-a-half rein as FSB CEO to a close as part of a significant restructuring at the firm.
FSB confirmed Ian Gray, who joined the company in November, will serve as FSB’s interim leader until a permanent CEO is found to replace McDowell.
The existing senior management team at the firm are set to take on expanded roles following McDowell’s move to the board.
Chief technology officer Sam Lawrence and chief revenue officer Ian Freeman will bolster their remits in the interim period, supported by head of delivery Adam Smith.
Touching on his decision to step up to the board and vacate the CEO position, McDowell elected to reflect on his time leading the firm.
He said: “As a co-founder, I will always have a place in my heart for FSB and I am extremely proud of what we have achieved together. Starting with an initial vision that live data could be used to revolutionise sports betting software, we have gone on to build a global B2B business, now managing clients and operations across five continents.
“We have built a business with double-digit revenue growth, which handles multiple billions in turnover for our customers annually. I am very much looking forward to supporting the new team from my board position,” he added.
Michael Wagman, chair of the FSB board, commented: “David has been instrumental in building what we believe to be the strongest sports betting and igaming platform in the industry.
“There are few people that have his deep sector knowledge across sports betting, platform and igaming products and we look forward to continuing our strategic collaboration as David joins the board of directors.”