Parimatch establishes ‘Supervisory Board’ as its seeks next growth stage

Image: Shutterstock

Parimatch has continued its technological and professional overhaul through the establishment of a ‘Supervisory Board,’ which the group says will tackle the challenges presented in the coming years.

This will see Sergey Portnov relinquish his role of CEO to serve as chairman of the board, with Maksym Liashko and Roman Syrotian to occupy the vacated position on a dual basis.

Operating activities will be divided between the two, these include finance, legal, communication and admin, IT, product, and marketing, which it is hoped will allow the company to strengthen, consolidate, and ensure operational excellence.

The board will also include Katerina Belorusskaya, a major stakeholder who has been with the company since 2011, and Marek Šmrha, non-executive consultant of the board. An additional non-executive role on the board is currently vacant. 

Liashko commented: “For Roman and me, a dual CEO structure is a logical move and consolidation of the company’s growth directions. We know our areas well, and we will do everything to implement the company’s plans to enter the next level of development.”

Syrotian added: “Maksym and I are granted the responsibility of leading the company as co-CEO. It’s an honour for me. Being already in excellent shape today, Parimatch has ambitions of achieving top positions on the markets all over the world.

“I hope to contribute to this goal by ensuring that we provide our customers with the highest quality entertainment and services.”

The board will be tasked with helping Parimatch to navigate through the competitive world of online gaming and sports betting. 

It will also rule on decisions such as the company’s potential initial public offering and the means through which it will continue its expansion, but will exist as a separate entity and will not be directly involved with the group’s day-to-day operations.

It is hoped that through the creation of the board and new structure, the operator will be in a position of stretch to continue the upwards trajectory of recent years.

Portnov added: “Updates in the company’s structure and creating a board is an indicator of the company’s maturity and readiness. Now is the best time for such changes. 

“I am sure that this will strengthen the brand’s strategy and will allow the large ship that is Parimatch to move along the route rapidly.”