Gaming Innovation Group (GiG), a top provider of iGaming technology and solutions, has announced the resignation of Group CEO Richard Brown in a significant change of leadership. According to an official statement from GiG, Brown will leave his job on December 31, 2023, as a result of a decision made in consultation with the company’s Board of Directors.
Restructuring and Strategic Review
Following a strategic evaluation of the Group’s operations by the Board in February, the CEO resigned. The Board has therefore determined that the best course of action for GiG is a restructuring. In accordance with the company’s overarching strategy, the plan calls for the creation of two distinct corporate entities: GiG Media and the Platform & Sportsbook operations.
Two Focused Entities
The Board is pleased with the progress made during the strategic review and thinks that splitting the organization into two separate entities will allow each to focus entirely on its unique operations while adding value to the whole company. While looking for a qualified CEO for the Platform & Sportsbook business, GiG Media will continue to run under the current senior leadership.
A Seamless Transition
According to Petter Nylander, Chairman of the Board of Directors, who also expressed his trust in Brown’s leadership and the positive future of GiG. Nylander congratulated Brown for his efforts in fostering growth within the division and highlighted Brown’s important contributions to the organization, particularly during the difficult time of the epidemic.
Richard Brown’s Career and Future Prospects
Richard Brown joined GiG Media in 2017 and was appointed Group CEO in 2019. He served as the company’s steady leader during his time there and guided it through the epidemic to record growth rates. To ensure a smooth transition in line with the objectives of the strategic review, Brown has promised to help GiG through the end of the year.
Richard Brown expressed his thanks for being a part of GiG’s progress and for managing a committed staff as he looked back on his time there. He emphasised GiG’s unmatched strategic position throughout the B2B value chain and expressed his confidence in the company’s capacity to keep achieving its financial and operational goals with the help of the organization’s outstanding teams and management groups.
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