Mattingley to step down as 888 CEO
Chief executive to take up role of executive chairman of the board as non-exec chairman Richard Kilsby retires
888 Holdings’ Brian Mattingley is to step down as chief executive after three years in the role and take up the position of executive chairman of the board following the retirement of non-executive chairman Richard Kilsby.
Mattingley first joined the 888 board in 2005 before being appointed CEO in March 2012 and will make the switch to his new role at the Gibraltar-licensed company’s 2015 annual general meeting (AGM) in May.
Chief operating officer Itai Frieberger has been appointed director of the company and will continue to oversee day-to-day operations along with chief financial officer Aviad Kobrine.
“We are very excited at this move, which will allow the company to continue to take advantage of Brian’s wealth of experience, wisdom and knowledge of the company, particularly in maintaining and developing relationships with existing and future regulators,” the chairman of the company’s nominations committee, Amos Pickel, said.
“Itai has spearheaded the re-focusing of 888 over recent years and, together with Aviad and Brian as Executive Chairman, we feel confident that we have an industry-leading team to continue 888’s growth and development in the years to come,” he added.
Kilsby also plans to step down at the time of 888’s AGM after nine years at the company as deputy chairman and chairman with the changes announced following the publication of 888’s H1 2014 results in which the company posted a 13% increase in revenues and 27% increase in EBITDA.
“Richard has announced his retirement at a time when 888 has delivered another record-breaking set of results, driven by the continued strength of our core products and markets underpinned by our best-in-class technology, analytical capabilities and innovative marketing, as well as the efforts of our exceptional team,” Mattingley said.
“There is a lot of work still to do in the final months of Richard’s tenure, and we are grateful that Richard will continue to play a leading role in the Board’s activities until his retirement at the end of next year’s AGM,” he added.