Nektan chief exec Leigh Nissim quits firm
Mobile games supplier kicks-off search for new CEO as Nissim prepares to leave for new role
Nektan chief executive Leigh Nissim has resigned from the firm in order to take up an as-yet undisclosed new job, the supplier announced this morning.
Nissim, who joined Nektan from IGT in May 2016, will begin his new role in September and has agreed to remain with the firm until the end of August to ensure a smooth handover.
However, Nissim won’t act as CEO during that time, with Nektan founder and former chief executive Gary Shaw to return to the hot seat for the interim period.
In a statement, the firm said Nissim had made “a valuable contribution to the business”.
“[Nissim] helped to build a strong leadership team and has successfully focused the strategy on transitioning the company to an international gaming solutions and services provider from a white label operator,” the statement read.
In addition, Nektan chairman Jim Wilkinson said: “On behalf of the Board, I would like to thank Leigh for his contribution and accomplishments during his time with Nektan and wish him well in his new role.”
Nektan’s share price was down 20% this morning and the firm also used the statement to try and reassure the market.
“The Group is continuing to make good progress in its three principal business areas which are powered by its proprietary technology platform, Evolve: Managed Solutions (Europe), B2B Software & Games Licensing (Europe) and In Venue Gaming (North America).
“The company’s trading continues to improve and the Board expects to report positive quarter-on-quarter growth in the final quarter of the company’s financial year to 30 June 2017,” the statement read.
Nektan also said it was in “advanced discussions” with regards a funding agreement which it expects to announce “in due course”.