Playtech has reached an agreement with its Chief Financial Officer, Andrew Smith, who will resign. The supplier withheld the direct reason Smith is leaving his position, only citing personal reasons in his statement.
Addressing Smith’s departure, Brian Mattingley, President of Playtech, said, “On behalf of the Board, I’d like to thank Andy for the contribution he’s made to Playtech over the past seven years and in particular since taking over the CFO position in 2017”.
“Andy has played a crucial role in the company, helping to drive the business through the pandemic, including delivering a record mid-year performance in the first half of 2022 and leading Playtech’s recent successful refinancing of external debt in light of the maturity of upcoming titles. We wish him all the best in his future endeavors”.
Current Deputy Chief Financial Officer Chris McGinnis will succeed Smith as CFO. Mattingley also addressed McGinnis’ promotion, saying, “I am delighted that Chris will join the Board as CFO. In addition to his deep knowledge of Playtech and the industry, he brings a strong set of financial and strategic skills that will be invaluable as the company seeks to provide more growth”.
“I look forward to continuing to work with him as we execute against our strategy for years to come,” added Mattingley.
Smith will step down on November 28, having served as Playtech’s CFO since 2017. The other latest Playtech-related news came last week when the company announced a partnership with Ada.
About Playtech
Created in 1999 and listed premium on the main market of the London Stock Exchange (ING), Playech is a leader in the betting and financial trading industries with around 6,600 employees operating in 26 countries, having a strong presence in the main markets and regions.