Online gaming platform provider CashBet has appointed advisory board member Ed Brennan to the position of president.

Brennan will lead CashBet in the next period of its development, the company said in a statement.

He brings 25 years of experience in the online, software, hardware and financial services industries, working with a host of Fortune 500 companies including Merrill Lynch, Seagate, Adobe, Microsoft and NexTag.

Brennan said: “I have enjoyed serving as an advisor to CashBet and am confident that my understanding of the business and its position in the igaming market will help me step up to this new position as we look to grow even further.

“Even with the unforeseen challenges presented by the crypto bear market, CashBet has never been in a better position to achieve its full potential. I am honoured to begin serving as the company’s new president with guidance from the board.”

Brennan’s appointment follows the board of director’s decision to begin search for a new CEO to replace Cashbet’s co-founder Mike Reaves.

Reaves co-founded CashBet in 2012 following a long career in online gambling.