29
January 2025
Playtech
plc
("Playtech" or the
"Company")
Chair succession plan and
Board changes
Playtech plc (LSE: PTEC) announces
that Brian Mattingley has informed the Board of his intention to
step down as the Chair and from the Board. Brian will remain in
situ for a few months in order to oversee the process to appoint a
new Chair and ensure an orderly handover to his
successor.
Playtech would like to express its
sincere appreciation and gratitude to Brian for his significant
contribution since joining the Board in 2021. During Brian's tenure
as Chair, he has overseen a period of strong financial performance
and strategic progress, including, most recently, the revised
strategic agreement with Caliplay and the disposal of Snaitech,
which, on completion, will result in the Company's transformation
into a predominantly pure-play B2B business.
Board changes
The Board also announces that it has
approved changes to the structure of its Committees with effect
from 1 March 2025. This includes merging the Regulatory &
Compliance and the Sustainability & Public Policy Committees to
provide combined oversight of these key areas. From 1 March 2025,
the merged committee will be called the Sustainability &
Compliance Committee and will be chaired by Linda Marston-Weston,
with Ian Penrose and Samy Reeb as ordinary members. Linda will also
become a member of the Nomination Committee from 1 March
2025.
As announced on 26 November 2024,
Anna Massion is stepping down from her role as a Non-executive
Director and Chair of the Remuneration Committee on 28 February
2025. A process to appoint a new Non-executive Director to the
Board is ongoing and an update will be provided in due
course.
The Board is pleased to announce
that Samy Reeb will assume the role of Chair of the Remuneration
Committee with effect from 1 March 2025. Samy is currently Chair of
the Regulatory & Compliance Committee, as well as a member the
Sustainability & Public Policy Committee (and will remain a
member of the Sustainability & Compliance Committee until those
committees are merged on 1 March 2025). He will also continue to
serve as a member of the Audit & Risk Committee.
Brian Mattingley, Non-executive Chairman of Playtech,
said:
"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. 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.
I would like to thank my fellow Board members, the leadership team
and, above all, the wider Playtech family for their passion and
commitment."
Mor
Weizer, Chief Executive Officer of Playtech,
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. His presence on the Board will be greatly
missed, and we wish him the very best."
- ENDS
-
For
further information contact:
|
Playtech plc
Sandeep Gandhi, Head of Investor
Relations
|
+44 (0) 20 3805 4822
|
|
Headland (PR adviser to Playtech)
Lucy Legh, Jack Gault
|
+44 (0) 20 3805 4822
|
About Playtech
Founded in 1999 and with a listing
on the Main Market of the London Stock Exchange, Playtech is a
technology leader in the gambling industry with over 7,900
employees across 20 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 online and
retail value chain. Playtech provides its technology on a B2B basis
to the industry's leading online and retail operators, land-based
casino groups and government sponsored entities such as lotteries.
The Playtech Group owns and operates Snaitech, one of the leading
sports betting and gaming companies in online and retail in
Italy.
