Last checked at 14 Jan 2020 07:00
14 January 2020
888 Holdings Plc
("888" and the "Group")
Board Update
888, one of the world's leading online gaming entertainment and solutions providers, announces that after more than 15 years with the Group, Aviad Kobrine will step down from his role as Chief Financial Officer during 2020.
The Board of 888 will now commence a search for Aviad's successor. Aviad will remain in his position until a successor is in place in order to enable a seamless transition of responsibilities at the appropriate time.
Aviad joined 888 in 2004 ahead of the Group's IPO and was appointed as CFO in June 2005. He has played an important part in the Group's progress and growth into a global online gaming business that operates across 12 regulated markets.
Aviad Kobrine, CFO of 888 commented: "I would like to take this opportunity to thank the fantastic team at 888 with whom I have had the pleasure and honour of working over the last 15 years. I am incredibly proud of what we have achieved together throughout my time with the business."
Brian Mattingley, Chairman of 888 commented: "Aviad has made a truly outstanding contribution to 888. He has played a significant role in helping to develop 888 into the world class online gaming operator it is today.
Aviad has been an integral part of the leadership team throughout a transformational period for the company. Over recent years, he has supported 888's growth into new markets whilst also helping the Group to successfully manage and navigate significant changes in our industry. On behalf of everyone at 888, I would like to wish Aviad every success for the future.
Aviad will be staying in his role while the Board finds his successor. We will provide a further update as and when appropriate."
Itai Pazner, CEO of 888 commented: "On behalf of the entire 888 team I would like to thank Aviad for his significant contribution to the Group. I would also like to extend my personal gratitude to Aviad for his support and friendship over the years."
This announcement contains inside information for the purpose of Article 7 of Regulation (EU) No 596/2014. The person responsible for arranging the release of this announcement on behalf of the Company is Brian Mattingley, Chairman of 888.
Contacts and enquiries
888 | |
Brian Mattingley, Non-Executive Chairman Itai Pazner, Chief Executive Officer Aviad Kobrine, Chief Financial Officer | Via Hudson Sandler |
Hudson Sandler | +44(0) 207 796 4133 |
Alex Brennan / Hattie Dreyfus / Bertie Berger 888@hudsonsandler.com
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Notes to Editors:
888 Holdings Public Limited Company (888) is one of the world's most popular online gaming entertainment and solutions providers. 888's mission is to supply its customers with innovative and market-leading online gaming products, above all in a safe and secure environment.
888 has been at the forefront of the online gaming industry since foundation in 1997, providing to players and B2B partners an always innovative and world-class online gaming experience. At the heart of 888's business is its proprietary gaming technology and associated platforms.
The Group is structured into two lines of business: B2C, under the 888 brands, and B2B, conducted through Dragonfish, which provides partners a leading platform through which to establish an online gaming presence and monetise their own brands.
888's consumer facing websites offer more than just online gaming. They are entertainment destinations: places where people can enjoy a truly interactive experience and be part of an online community that shares common interests. 888's strong and trusted brands are all accessible through www.888.com.
888 was named Casino Operator of the Year at the 2019 EGR awards.
Find out more about 888 at http://corporate.888.com/.
This announcement includes statements that are, or may be deemed to be, "forward-looking statements". By their nature, forward-looking statements involve risk and uncertainty since they relate to future events and circumstances. Forward- looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement reflect 888's view with respect to future events as at the date of this announcement. Save as required by law or by the Listing Rules of the UK Listing Authority, 888 undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.