GiG seeks "different leadership" approach after sacking CEO Robin Reed
Chief operating officer Richard Brown promoted to CEO on interim basis as board searches for permanent successor
Gaming Innovation Group (GiG) has appointed chief operating officer (COO) Richard Brown as its new interim CEO after the operator’s board of directors voted to replace Robin Reed.
Reed, who spent more than 10 years as CEO of the Malta-headquartered operator, left his position today as Brown takes over with immediate effect.
Brown started out as MD of GiG Media in 2016 before being promoted to chief digital officer and then COO.
Former GiG CEO Robin Reed (right)
GiG chairman Petter Nylander said: “Robin has played a crucial part in building a unique one-stop global technology provider and we all owe him our sincere gratitude for this.
“However, the company now enters into the next phase of its development with different challenges and opportunities and the Board has reached the conclusion that GiG therefore also needs a different leadership.
“We have a skilled management team in place, I and the Board have full confidence in the chief Operating Officer, Richard Brown who will be acting CEO of GiG from today.”
Nylander will increase his engagement and take a more active role in the running of GiG to help support the new management team while the search for a permanent successor gets underway.
Nylander added: “The strategy of GiG remains unchanged; to be the global operator and partner for strong brands in egaming, with a sweet spot in taking an offline casino brand to a strong online offering, as we have with SkyCity and Hard Rock.
“We are focusing on securing potential contracts within the B2B Platform services and on servicing our many customers with fully managed and component solutions.
“We will continue the development of the Media services and the sportsbook, not least to leverage GiG’s opportunities in the US,” he added.
GiG reported a 16% revenue decrease in Q2 2019.