In a strategic move, 888 Holdings has appointed Per Widerström as the new CEO. With this transition, Interim CEO Jonathan Mendelsohn will return to his original position as Non-Executive Chair, in addition to taking on a new role within 888’s nominations committee, as confirmed by the company.
Extensive iGaming Experience:
Per Widerström brings over 17 years of invaluable experience in the iGaming industry. His most recent position was as CEO at Fortuna Entertainment Group, where he served from 2014 to 2022. Prior to that, he held various senior roles in leading iGaming companies from 2006 onwards. Widerström’s wealth of experience positions him as a strategic choice to lead 888 Holdings.
CEO Compensation:
As part of his new role, the operator’s new CEO will receive an annual salary of £676,000 (US$822,000), reflecting his leadership responsibilities within the company.
Recent Company Developments:
Last month, 888 Holdings made significant changes to its Board Committees, along with the announcement of a new partnership with Reevo. These developments are indicative of the company’s ongoing commitment to growth and expansion.
Financial Performance and Future Projections:
In its H1 results reported in August, the company achieved an impressive revenue figure of £881.6 million. The upcoming release of third-quarter results on October 18, 2023, will provide insights into the company’s continued financial performance and trajectory.
CEO’s Vision:
Commenting on his appointment, Per Widerström expressed his delight and honor in becoming the Group’s new CEO. He highlighted the exceptional strengths of 888 Holdings, particularly following the company’s merger with William Hill. The company boasts a world-class portfolio of betting and gaming brands, a robust technology platform, and a highly skilled team. Widerström is enthusiastic about the opportunity to work with this formidable combination to establish 888 Holdings as a clear global industry leader.
Widerström sees his role as arriving at a pivotal moment in the Group’s long-term development, and he is excited about the company’s potential. He looks forward to building on the progress already achieved and realizing the full potential of 888 Holdings, considering the clear and attractive opportunities that lie ahead.
The appointment of Per Widerström as the new CEO of 888 Holdings underscores the company’s commitment to leadership and strategic growth. With a seasoned industry expert at the helm, 888 Holdings is poised to navigate the dynamic world of iGaming and achieve its full potential as a global industry leader.