GiG CEO steps down ahead of planned December departure
Richard Brown to transition to board advisory role until the end of year before joining Glitnor Group in January
Gaming Innovation Group (GiG) CEO Richard Brown has left his role with immediate effect ahead of his planned departure on 31 December.
In May, the Malta-headquartered firm confirmed Brown would step down at the end of the year as the company progresses with its strategic review.
The strategic review will see the company split into two entities: GiG Media and GiG Sportsbook & Platform.
Richard Carter was appointed CEO of the Sportsbook & Platform arm in August while Jonas Warrer will continue as CEO for the Media arm.
Brown will now move to a board advisory position until 31 December before joining Glitnor Group as CEO in January 2024.
GiG chair Petter Nylander will take on the role of executive chair, effectively running the business, until the strategic review is completed.
Brown said: “GiG is in a tremendous position strategically and operationally, and with Jonas and Richard now in place to drive the business units towards further success, it is a good time for me to move to a supportive but non-operational role until the end of the year.”
Nylander added that the company was in a strong position heading into the final stages of its ongoing strategic review.
He said: “We are very pleased with the progression of splitting GiG into two distinct entities to enhance future expansion and drive shareholder value.
“We now have two strong CEOs in Jonas Warrer for Media and Richard Carter for Platform & Sportsbook with full operational responsibility for each business unit.
“Richard Brown has been instrumental in making this possible and the board wants to thank Richard for his valuable contribution to GiG over the years. We are pleased that Richard will be available until year end to secure the succession,” he added.