Playtech Chairman Brian Mattingley to resign
Playtech Chairman Brian Mattingly is reported to be stepping down after three and a half years at the helm of the igaming tech company.
Mattingly was previously Chairman and Chief Executive of online gambling company Evoke’s former incarnation, 888 Holdings, and Founding Director of Gala Leisure.
During his time at Playtech, Mattingley was involved in a series of disputes with shareholders regarding boardroom pay and corporate governance.
Most recently, a third of investors rejected a bonus plan for senior executives worth more than US$100 million. However, Playtech shares did rise by around 60%.
In addition, Brian Mattingly helped to secure the sale of Snaitech for over US$2.3 million, a threefold return on Playtech’s initial investment.
Mattingley said, “It has been an absolute privilege to serve as Chair of Playtech and to help steward this important phase of growth and transition. I am proud of the milestones we have achieved and embark on a new chapter as a predominantly pure-play B2B business.”
Playtech is reportedly looking for a successor, with consultancy Egon Zehnder appointed to handle the search for suitable candidates.
