Bragg Gaming Group has announced that Ronen Kannor will be stepping down as Chief Financial Officer later this year.
After being Bragg’s CFO for the past four years, Kannor told the igaming technology provider’s board of directors that he would resign on June 3, 2024, to pursue other career opportunities.
Commenting on his departure, Kannor stated: “It has been an honour to be part of the Bragg team which has successfully navigated many challenges and continued to deliver consistent growth over the past four years. I thank the board for their support throughout my time with Bragg, and I am now fully focused on ensuring a smooth handover to my successor.
“Special thanks goes to my finance team, who work tirelessly to deliver the positive change and financial growth that the company continues to achieve. I wish them and all of my colleagues continued success with Bragg now and in the future.”
Kannor has been Bragg’s CFO since May 2020, joining the company from Stride Gaming Group, where he was also Group CFO from October 2014 to May 2020.
Bragg has confirmed too that the search for a replacement CFO has begun.
Matevž Mazij, CEO and Chair, added: “We thank Ronen for his dedication and commitment to Bragg over the past four years and for his unwavering service as a pivotal member of the leadership team.
“During his tenure as CFO, the company has undergone huge positive transformation including being uplisted to the Toronto Stock Exchange, dual listed on the NASDAQ and successfully completing two acquisitions, all while reporting consecutive years of revenue, gross profit and adjusted EBITDA growth.
“We wish Ronen all the very best in his future endeavours.”
Last month, Bragg announced the formation of an ad hoc special committee to review its strategic alternatives, including the possible sale of the company and its assets.
The special committee announcement came alongside the provider declaring growth across revenue, gross profit and adjusted EBITDA within its 2023 full-year financial statement, but declines year-over-year across these metrics in the fourth quarter.