GVC Holdings has strengthened its corporate governance confirming the appointment of two new directors to its board.
Issuing a statement, GVC revealed that David Satz has joined the company as an Independent Non-Executive Director, effective immediately. Robert Hoskin will also be promoted to the board as an Executive Director on 1 January 2021, assuming the role of Chief Governance Officer.
Satz will support GVC in growing its US expertise, having previously played ‘a critical role’ in lobbying for online gaming and sports betting to be licensed in the US.
He most recently served as the Senior Vice President of Government Relations and Development for Caesars Entertainment Corporation in Las Vegas, where he worked from 2002 to 2019. He was tasked with overseeing Caesars’ government activities for more than 52 properties in 15 states in the US and further afield.
Commenting on his appointment, Satz said: “I have long been an admirer of GVC’s diversified business model, industry-leading brands, and unique proprietary technology platform.
“I look forward to working closely with the Board and the executive management team in order to help support GVC’s impressive growth trajectory, especially in light of the unprecedented opportunity presented by its strong position in the nascent US sports betting market.”
Having initially joined GVC in 2005, Hoskin will take up the role of Chief Governance Officer, where he will assume responsibility for overseeing GVC’s legal, regulatory, governance and social responsibility affairs.
During his time as Group Director of Legal, Regulatory and Secretariat, GVC praised Hoskin’s support in the company’s ‘growth and development in that time, overseeing its corporate governance, legal and regulatory requirements across more than 20 countries in five continents, whilst also supporting various M&A transactions’.
Hoskin said: “It has been an absolute pleasure to have witnessed GVC’s extraordinary growth story from an AIM-listed company to the successful and international FTSE 100 business that it is today. I am honoured to be joining what is an outstandingly strong Board and am delighted that the importance of Governance is being recognised in this way.”
Signing-off GVC statement, company chairman Barry Gibson, stated: “I am delighted to be welcoming two such high calibre individuals to our Board. David has unrivalled regulatory and legislative expertise in the all-important US gaming market.
“His knowledge and insight will be hugely additive in helping us to achieve our ambition of being the leading operator in the US through BetMGM, our fast-growing joint venture with MGM Resorts.
“Robert has made an outstanding contribution to GVC in his 15 years at the Group, and his promotion is richly deserved. The fact that regulation, legal and governance are now represented at Board level will give us even greater oversight of these critically important areas, all of which are central to our long-term growth plans.”