Intertain has announced the appointment of Neil Goulden as its new Chairman of the Board and Andrew McIver as the new CEO. With McIver’s appointment, John Kennedy Fitzgerald has resigned as CEO, and Brent Choi has also resigned from the Board.
Neil Goulden has spent the last twenty-five years at the board level within a number of significant gaming and online gaming businesses, including Ladbrokes and Gala Coral Group, serving as the COO, CEO and Chairman of the latter from 2000 to 2014.
Goulden commented: “Intertain is a company that I think continues to be undervalued, and the Strategic Review has identified potential alternatives to realize that value for the long-term benefit of Intertain, its shareholders and its stakeholders. It is an exciting time for the company and I am looking forward to being a part of this process.”
Andrew McIver recently served as CEO of Sportingbet plc for over six years, having served as CFO of the same company for approximately five years prior to that. Whilst at Sportingbet, Mr. McIver oversaw a significant expansion and diversification in its business across a range of geographies and business lines, and facilitated its ultimate sale to a joint bid from two significant gaming industry players in 2013.
McIver commented: “Intertain has a strong set of core assets and I look forward to working with Neil, the other directors and the talented Intertain team to identify and implement a strategic alternative that will take Intertain to the next stage in its development.”
David Danziger, Member of the Special Committee and former Chairman of the Board, said: Neil and Andy are world-class gaming executives and they bring outstanding leadership to our excellent businesses. They both have the strategic vision and demonstrated operational excellence in the gaming industry that the Board was looking for to help us to unlock the additional value that we believe is embedded in Intertain’s core business assets.”
“With Andy’s appointment, John Kennedy FitzGerald has resigned as CEO and as a director, effective immediately. The Board wants to thank John for his leadership and vision in helping to assemble Intertain’s current core group of industry-leading assets, and for his foresight in working with the Board to identify the need for a more operationally-focused CEO to lead Intertain at this time.”
Following the appointments and resignations noted above, the current directors are Neil Goulden, Andy McIver, David Danziger, John Fielding, Noel Hayden, Paul Pathak and Jim Ryan.