The Board of Playtech Plc has informed investors that Brian Mattingley has chosen to stand down as Chairman of the FTSE 250 gambling technology group.
The confirmation of Mattingley’s forthcoming departure was announced alongside Playtech informing investors of agreed changes to its Board structure and duties.
The former long-standing Chief Executive and Chairman of 888 Holdings, and a founding director of Gala Coral, Mattingley was appointed Chairman of Playtech Plc in 2021 succeeding incumbent Alan Jackson. At the time of his appointment, Playtech’s corporate governance was marred by shareholder disputes related to the technology group’s M&A strategy and the loss of FTSE value.
Harmonising conflicts, Mattingley oversaw a period of strong financial performance and strategic progress, including, most recently, the revised strategic agreement with Caliplay and the €2.3bn sale of Snaitech to Flutter Entertainment which, on completion, will result in the company’s transformation into a predominantly pure-play B2B business.
Mor Weizer, Group CEO 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 benefited 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.”
Playtech has also informed investors of forthcoming changes to its Board, effective from 1 March 2025. Changes include merging the Regulatory & Compliance Committee and the Sustainability & Public Policy Committee into a single entity, the Sustainability & Compliance Committee. Linda Marston-Weston will chair the new committee, with Ian Penrose and Samy Reeb as members.
As previously announced, Anna Massion will step down as Non-Executive Director and Chair of the Remuneration Committee on 28 February 2025, and the process to appoint her successor is ongoing.
Samy Reeb will assume the role of Chair of the Remuneration Committee from 1 March 2025. Currently, he chairs the Regulatory & Compliance Committee and is a member of the Sustainability & Public Policy Committee. Following the merger, he will remain a member of the Sustainability & Compliance Committee and will also continue serving on the Audit & Risk Committee.
Mattingley signed off as Chairman, stating: “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.”