Gaming Innovation Group has confirmed that that it has moved to replace its chief executive officer Robin Reed, who has subsequently left his position today, September 5, 2019.
Reed is to be replaced by chief operating officer Richard Brown who in turn is to assume the position of interim CEO, as the organisation states that it has begun the search for a replacement, which will be overseen by corporate chairman Petter Nylander.
Under Reed’s stewardship GiG’s M&A growth strategy saw the acquisition of multiple assets, as as well the firm undertaking its first IPO on the Oslo Bors in 2015, prior to transfering to the larger Stockholm Nasdaq this year.
Of the decision Nylander, chairman of the board of GiG, commented: “Robin has played a crucial part in building a unique one-stop global technology provider, and we all owe him our sincere gratitude for this.
“However, the company now enters into the next phase of its development with different challenges and opportunities, and the board has reached the conclusion that GiG therefore also needs a different leadership.
“We have a skilled management team in place, I and the board have full confidence in the chief operating officer, Richard Brown, who will be acting CEO of GiG from today.”
GiG confirmed that Petter Nylander would ‘increase his engagement’ with the company, leading the firm’s leadership succession plans and executive management team.
Nylander added: “The strategy of GiG remains unchanged; to be the global operator and partner for strong brands in igaming, with a sweetspot in taking an offline casino brand to a strong online offering, as we have with SkyCity and Hard Rock.
“We are focusing on securing potential contracts within the B2B platform services and on servicing our many customers with fully managed and component solutions.
“We will continue the development of the media services and the sportsbook, not least to leverage GiG’s opportunities in the US. We will also continue driving the B2C gaming operators with a focus on growth in new markets.”