Rush Street Interactive CIO leaves to pursue new opportunities
Einar Roosileht agrees a mutual contract termination after 11 years with the operator, while the search for his successor is already underway
Rush Street Interactive (RSI) chief information officer (CIO) Einar Roosileht has left the company after his contract was terminated with mutual consent.
His exit, which was not linked to a disagreement with the operator, brings an end to his 11-year spell with the Illinois-headquartered firm.
Roosileht first joined the operator in December 2013 as chief technology officer (CTO) before being named CIO in March 2020.
During his time at RSI, Roosileht has held advisory roles with health clinic Migrevention and education administration programme Tutor.id, as well as being an angel investor in both.
Roosileht has also occupied C-suite roles at other igaming companies, including a 16-month spell as interim CTO and CIO of Na Zvezi between 2013 and 2015.
That followed three years as CTO of Oryx Gaming from 2010 until 2013, while Roosileht’s first foray into the sector came at Playtech Estonia, where he joined as a server developer in 2004 before rising up the ranks to depart as chief architect in 2008.
RSI confirmed Roosileht’s exit via a Securities and Exchange Commission (SEC) Form 8-K filing, which noted that the two parties agreed to terminate his contract on January 14, alongside the fact that he is leaving to “pursue other opportunities”.
It continued: “Mr Roosileht’s transition was not a result of any disagreement with the company.
“In connection with the transition, the company has engaged a leading global executive search firm to assist in a comprehensive search process to identify a replacement for Mr Roosileht.”
As part of the agreed terms of his exit, the former CIO will be entitled to his current level of compensation through to December 31, 2025, and will be able to claim bonuses and stock options.
RSI confirmed that Roosileht has agreed to “confidentiality, non-compete, non-solicit and non-disparagement terms”, as well as a 12-month lockup on certain equity owned by him.
In other RSI news, CEO Richard Schwartz recently spoke out against the idea of US sports betting tax hikes being the most efficient way to garner state revenue and fill budget deficits.
Last week, the CEO said that legalizing igaming is a stronger alternative, while increasing sports betting tax has negative consequences, such as driving players to the illegal market.
Arnold Ash is EGR’s Executive Recruitment Partner. They support ambitious organisations to identify and attract industry leading executive talent. Find out more here.