GVC Holdings has confirmed the promotion of Sandeep Tiku to Chief Operating Officer (COO), effective immediately as new Group Chief Executive Shay Segev restructures the firm’s senior executive leadership team.
A GVC executive since 2014, Tiku has formerly served as Group Chief Technology Officer (CTO) leading key IT directives, system integrations and platform enlargement projects for the FTSE100 betting group.
Updating investors, GVC pointed to Tiku’s proven track record in which the board underlined that Tiku was pivotal in the technical migration of Ladbrokes Coral onto the Group’s proprietary technology platform.
CEO Shay Segev, commented: “I am delighted to be promoting GVC talent. Sandeep brings unparalleled experience and insight to the role of COO. We are first and foremost a technology business and this is at the heart of what we do – supporting customer services, trading, product and our people.
“It, therefore, makes sense for him to take on this broader role. His leadership of our technology strategy and teams, combined with his knowledge of our legacy stack and proven results through our integrations, means that he is the right person for the job.”
GVC stated that it has ordered an executive search to find Tiku’s replacement as Group CTO.
In addition to Tiku’s appointment, GVC has continued to restructure its executive team by confirming that Marc Lange has been promoted to Group Chief of Staff, reporting directly to Shay Segev.
Lange has over twenty years’ experience in technology, strategy, management and consulting, having previously served as the Group’s integration director since February 2018 following the acquisition of Ladbrokes Coral.
Concluding its announcement, GVC confirmed the promotion of retail MD Andy Hicks to the firm’s executive leadership team.
A retail figurehead, Hicks maintains over twenty years’ experience in retail, having held senior positions at Dixons and Woolworths before joining Coral in 2009.
“I’d also like to congratulate Marc and Andy who both are operational experts with proven track records of delivering large-scale change initiatives. Their progression to the senior leadership team is richly deserved,” Segev stated, concluding GVC’s update.