REG - Playtech PLC - Chair succession plan and Board changes

PlaytechAnnouncement

29/01/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250129:nRSc0248Va&default-theme=true

RNS Number : 0248V  Playtech PLC  29 January 2025

29 January 2025

 

Playtech plc

 

("Playtech" or the "Company")

 

Chair succession plan and Board changes

 

Playtech plc (LSE: PTEC) announces that Brian Mattingley has informed the
Board of his intention to step down as the Chair and from the Board. Brian
will remain in situ for a few months in order to oversee the process to
appoint a new Chair and ensure an orderly handover to his successor.

 

Playtech would like to express its sincere appreciation and gratitude to Brian
for his significant contribution since joining the Board in 2021. During
Brian's tenure as Chair, he has overseen a period of strong financial
performance and strategic progress, including, most recently, the revised
strategic agreement with Caliplay and the disposal of Snaitech, which, on
completion, will result in the Company's transformation into a predominantly
pure-play B2B business.

 

Board changes

 

The Board also announces that it has approved changes to the structure of its
Committees with effect from 1 March 2025. This includes merging the Regulatory
& Compliance and the Sustainability & Public Policy Committees to
provide combined oversight of these key areas. From 1 March 2025, the merged
committee will be called the Sustainability & Compliance Committee and
will be chaired by Linda Marston-Weston, with Ian Penrose and Samy Reeb as
ordinary members. Linda will also become a member of the Nomination Committee
from 1 March 2025.

 

As announced on 26 November 2024, Anna Massion is stepping down from her role
as a Non-executive Director and Chair of the Remuneration Committee on 28
February 2025. A process to appoint a new Non-executive Director to the Board
is ongoing and an update will be provided in due course.

 

The Board is pleased to announce that Samy Reeb will assume the role of Chair
of the Remuneration Committee with effect from 1 March 2025. Samy is currently
Chair of the Regulatory & Compliance Committee, as well as a member the
Sustainability & Public Policy Committee (and will remain a member of the
Sustainability & Compliance Committee until those committees are merged on
1 March 2025). He will also continue to serve as a member of the Audit &
Risk Committee.

 

Brian Mattingley, Non-executive Chairman of Playtech, said:

 

"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. 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. 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 Officer of Playtech, said:

 

"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. 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."

 

 

 

- ENDS -

 

 

 

 

 

For further information contact:

 

 Playtech plc                                 +44 (0) 20 3805 4822

 Sandeep Gandhi, Head of Investor Relations

 Headland (PR adviser to Playtech)            +44 (0) 20 3805 4822

 Lucy Legh, Jack Gault

 

About Playtech

Founded in 1999 and with a listing on the Main Market of the London Stock
Exchange, Playtech is a technology leader in the gambling industry with over
7,900 employees across 20 countries.

 

Playtech is the gambling industry's leading technology company delivering
business intelligence driven gambling software, services, content and platform
technology across the industry's most popular product verticals, including,
casino, live casino, sports betting, virtual sports, bingo and poker. It is
the pioneer of omni-channel gambling technology through its integrated
platform technology, Playtech ONE. Playtech ONE delivers data driven marketing
expertise, single wallet functionality, CRM and responsible gambling solutions
across one single platform across product verticals and across retail and
online.

 

Playtech partners with and invests in the leading brands in regulated and
newly regulated markets to deliver its data-driven gambling technology across
the online and retail value chain. Playtech provides its technology on a B2B
basis to the industry's leading online and retail operators, land-based casino
groups and government sponsored entities such as lotteries. The Playtech Group
owns and operates Snaitech, one of the leading sports betting and gaming
companies in online and retail in Italy.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAUWRWRVOUAUAR