SBC News Voice of the Sports Betting Industry
Genius Sports has announced changes to its Board of Directors which became effective this month.
Kenneth J. Kay, former Chief Financial Officer (CFO) at MGM Holdings, has now become the new Chair, and will now lead the Board’s oversight of Genius Sports’ operations and strategy. Since March 2023, Kay has served as an Independent Director of the Board.
Mark Locke, CEO of Genius Sports, commented: “I am thrilled to welcome the appointment of Ken Kay as our Chair and Claire Valoti as a Director. Their expertise and vision will be instrumental in driving the next phase of Genius Sports’ growth.”
Kay will take up the position of Chair from David Levy, currently co-CEO of Horizon Sports and Experiences and former President at Turner Broadcasting. Levy will remain as a Strategic Advisor to Genius Sports.
“I also want to extend my gratitude to David Levy for his service as Chair since April 2021,” Locke added. “I am pleased that David will continue to stay close to Genius Sports in an advisory capacity.”
The sports technology company highlighted that Kay has already made an “outstanding contribution” to the collective capabilities of the Board.
The company stated that he offers a ‘rare combination of financial and operational expertise’, drawn from decades of experience as CFO for global and Fortune 500 Companies, including Dole Food Company, CB Richard Ellis Group, Inc. and Las Vegas Sands Corporation.
Commenting on his appointment, Kay said: “It has been an honour to serve as an Independent Director of the Genius Sports Board. I now look forward to taking the lead as Chair and contributing to Genius Sports’ further advancements in pioneering sports data and delivering value for all shareholders.”
Meanwhile, on his departure as Chair, Levy concluded: “I have greatly valued my time as Chair of Genius Sports. I take pride in the strides that have been made to strengthen Genius Sports’ presence across sports, betting, media, and broadcasting.
“I am delighted to continue my relationship and close connection with Genius Sports as a Strategic Advisor and will actively support the team in the exciting next chapter for the company.”
