B90 Holdings plc, a leading online marketing and operational company, has made significant appointments to strengthen its leadership team. Andrew McIver, a seasoned professional with extensive experience in the gaming industry, joins as a Non-Executive Director. Additionally, Farzad Peyman, who initially served as a consultant to enhance the financial department and M&A strategy, has been named the permanent Chief Financial and M&A Development Officer.
Andrew McIver’s Appointment:
Andrew McIver brings a wealth of experience from successful stints with various gaming enterprises. Notably, he served as the Non-Executive Chairman of Planet Win/SKS365 Malta Ltd for the past three years, overseeing impressive growth in EBITDA from £25 million to £65 million. His leadership and strategic insights have played a pivotal role in the company’s success.
Farzad Peyman’s Role Transition:
Farzad Peyman’s appointment as the permanent Chief Financial and M&A Development Officer underscores his valuable contributions during his consultancy period. His expertise in financial management and mergers and acquisitions will be instrumental in driving B90 Holdings’ growth and development strategies.
Ronny Breivik’s Statement:
Ronny Breivik, Executive Chairman of B90, expressed his delight at welcoming Andrew and Farzad to the B90 team. He highlighted the strategic importance of these appointments, emphasizing the collective wealth of knowledge, experience, and networks that these industry veterans bring to the company. Breivik reiterated the team’s commitment to capitalizing on growth opportunities, driven by a clear and open runway for expansion.
Recent Developments:
B90 Holdings has been actively pursuing growth opportunities, including the acquisition of Emwys AB. In July, B90 Holdings and Funko International entered into a share purchase agreement to acquire Emwys AB, a pay-per-click-based marketing firm catering to the online gaming industry in Sweden. The total share capital evaluation for Emwys AB stands at €3.6 million on a cash-free and debt-free basis. The acquisition is expected to be finalized by no later than September 1, 2023.
B90 Holdings’ strategic appointments of Andrew McIver and Farzad Peyman reflect the company’s commitment to strengthening its leadership team and pursuing growth opportunities in the gaming industry. With a team of seasoned professionals and a clear vision for expansion, B90 Holdings is well-positioned for future success and innovation in the online gaming and marketing sector.