Richard Brown to step down as CEO of Gaming Innovation Group

(PRESS RELEASE) -- Gaming Innovation Group announce today that its Board of Directors agreed with Richard Brown to step down as Group CEO on 31 December 2023.

"Richard has done a tremendous job with GiG over the years and the Company is in a very good position driving shareholder value going forward,” said says Petter Nylander, Chairman of the Board of Directors. “We are pleased that Richard has agreed to stay until the end of the year to secure a smooth transition.”

The Board initiated a strategic review in February this year with the intention to split GiG into two separate corporate groups; (i) GiG Media and (ii) Platform & Sportsbook. The Board is pleased to share that the strategic review is making good progress. GiG Media will continue under its current senior leadership, and a search for a new CEO for Platform & Sportsbook has commenced.

"It has been a true honor and privilege to be part of Gaming Innovation Group's development over the past 8 years and the last 4 years as CEO, leading an incredible group of people toward, as I see it, the unparalleled strategic position across the B2B value chain that the group has created,” said Brown. “I have no doubt that the teams throughout the organization and the management groups of the respective business units have the skills and passion to continue the growth of the business towards its financial and operational targets.”