Gaming Innovation Group (GiG) has announced a leadership transition as Richard Brown, the CEO of the company, steps down from his current role. Brown will assume a board advisory position until December 31, 2023, while the company moves forward with its strategic plans to split into two separate entities.
Strategic Leadership Transition:
Earlier this year, GiG initiated a strategic review aimed at dividing the company into two distinct businesses. The move was designed to enhance future expansion prospects and create shareholder value. Richard Carter was appointed as the CEO for the platform and sportsbook division in August. Jonas Warrer was appointed as the CEO for GiG Media. Petter Nylander, Chairman of the Board at GiG, will take on the role of Executive Chairman during the transition period until the proposed split is finalized.
Acknowledging Richard Brown’s Contributions:
Petter Nylander expressed the board’s appreciation for Richard Brown’s contributions to GiG over the years. Brown played an instrumental role in facilitating the company’s strategic transformation and growth. The board recognizes his valuable input and commitment to GiG’s success.
A Smooth Transition Ahead:
Richard Brown, reflecting on his transition, highlighted GiG’s strong strategic and operational position. He expressed confidence in the newly appointed CEOs, Jonas Warrer and Richard Carter, to lead their respective business units towards continued success. Brown will remain available until the end of the year to ensure a seamless leadership transition.
GiG’s leadership transition marks a pivotal moment in the company’s evolution as it moves forward with its strategic plan to create two distinct entities. Richard Brown’s shift to a board advisory role reflects the company’s commitment to a smooth transition and continued growth. GiG remains well-positioned to pursue its strategic goals with the support of its dedicated leadership team.