Directorate ChangeSource: RNS
('Playtech' or the 'Company')
Playtech plc today announces that the Company and Andrew Smith, Chief Financial Officer, have mutually agreed that he will step down due to personal reasons. Andrew has contributed significantly to Playtech's strategy and helped guide the business through a period of substantial transformation. He will step down from his role as Chief Financial Officer and as an Executive Director on 28 November 2022.
Chris McGinnis will succeed Andrew as Chief Financial Officer and as an Executive Director of the Company on 28 November 2022. Chris joined Playtech in 2017 and is currently Deputy Chief Financial Officer and Director of Investor Relations at Playtech.
Prior to joining Playtech, Chris was Head of Corporate Strategy at software company Temenos. He started his career at Deloitte in Canada where he qualified as a Chartered Professional Accountant (CPA). Chris then worked in Equity Research for UBS in Canada and Bank of America Merrill Lynch in the UK.
There are no disclosures required under LR 9.6.13 in respect of Chris McGinnis's appointment.
Brian Mattingley, Chairman of Playtech, commented:
"On behalf of the Board, I would like to thank Andy for the contribution he has made to Playtech over the past seven years, and in particular since taking over as CFO in 2017. Andy has played a crucial role at the Company, helping to steer the business through the pandemic including delivering a record half year performance in H1 2022, and leading the recent successful refinancing of Playtech's external debt in light of the upcoming bond maturity. We wish him all the best in his future endeavours.
"I am delighted that Chris will be joining the Board as CFO. In addition to his deep knowledge of Playtech and the sector, he brings a strong set of financial and strategic skills that will be invaluable as the Company looks to deliver further growth. I am very much looking forward to continuing working with him as we execute against our strategy in the coming years."
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
- ENDS -
For further information please contact:
Mor Weizer, Chief Executive Office
Chris McGinnis, Deputy CFO & Director of Investor Relations
Headland (PR adviser to Playtech)
Lucy Legh, Stephen Malthouse, Jack Gault +44 (0) 2038054822
Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling and financial trading industries with over 6,700 employees across 26 countries.
Playtech is the gambling industry's leading technology company delivering business intelligence driven gambling software, services, content and platform technology across the industry's most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.
Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry's leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries. Playtech directly owns and operates Snai, the leading sports betting and gaming brand across online and retail in Italy.