29th Jan 2025 18:26
(Alliance News) - Playtech PLC on Wednesday said that Chair Brian Mattingley will step down from his role and leave the board after having overseen a period of significant transformation at the company.
The Isle of Man-based gambling software development company said Mattingley will remain in the position for a few months to oversee the transition process and ensure an orderly handover to his successor.
Playtech said that Mattingley, who joined the company in 2021, has played a key role in driving strategic initiatives, including the revised agreement with Mexico's Tecnologia en Entretenimiento Caliplay, and the disposal of Snaitech Spa, a move that will shift the company toward becoming a predominantly business-to-business operation.
"It has been an absolute privilege to serve as chair of Playtech and to help steward the company through an important phase of growth and transition," Mattingley said. "I am proud of the milestones we have achieved as Playtech prepares to embark on a new chapter as a predominantly pure-play B2B business. It is with that in mind that I feel now is the right time to step down."
Playtech also announced structural changes to its board committees, including merging its Regulatory & Compliance and Sustainability & Public Policy committees into a single entity, the Sustainability & Compliance Committee, effective from March 1. The new committee will be chaired by Linda Marston-Weston.
Chief Executive Officer Mor Weizer said "Brian has been an outstanding chair, offering invaluable guidance, constructive challenge and unwavering dedication to the team during a time of significant transformation at Playtech. We have benefitted enormously from his strong relationships across the industry, and his depth of knowledge and experience."
Shares in Playtech closed down 1.2% at 733.00 each in London on Wednesday.
By Eva Castanedo, Alliance News reporter
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