Brian Mattingley, the chair of Playtech, is set to step down after a dynamic stint at the London-listed gambling tech company. Mattingley will continue in his role for a few months while the hunt for his replacement begins.
In a market statement, Playtech, founded by Israeli magnate Teddy Sag, expressed gratitude for Mattingley's "significant contribution" since he joined the board in 2021, as reported by .
The firm acknowledged: "During Brian’s tenure as chair, he has overseen a period of strong financial performance and strategic progress,".
The former CEO of 888 has been a contentious figure among shareholders due to disputes over the company’s bonus policy. However, he played a pivotal role in last year's £1.9bn sale of Snaitech and in securing a revised strategic agreement with Caliplay following a protracted disagreement.
Reflecting on his time at Playtech, Mattingley said on Wednesday: "It has been an absolute privilege to serve as chair of Playtech and to help steward the company through an important phase of growth and transition."
He added: "I am proud of the milestones we have achieved as Playtech prepares to embark on a new chapter as a predominantly pure-play B2B business. "
He concluded: "It is with that in mind that I feel now is the right time to step down. I would like to thank my fellow Board members, the leadership team and, above all, the wider Playtech family for their passion and commitment."
Mor Weizer, chief executive of Playtech, expressed his appreciation for the outgoing Chair: "Brian has been an outstanding Chair, offering invaluable guidance, constructive challenge and unwavering dedication to the team during a time of significant transformation at Playtech."
He further acknowledged the impact of Brian's industry connections and expertise, stating, "We have benefitted enormously from his strong relationships across the industry, and his depth of knowledge and experience. His presence on the Board will be greatly missed, and we wish him the very best."
