UK bookmaker 888 Holdings has named Per Widerström as its new CEO after dismissing shareholder FS Gaming’s call to appoint its candidates to top positions. The appointment, which will become effective as of October 16 was confirmed in a statement issued by the company.
Less than two weeks ago, the company ended talks on management changes proposed by FS Gaming a group of investors with a 6.6% share in 888, after GB Gambling Commission (GBGC), the UK industry watchdog, launched a review of the company’s licence to operate in the UK.
Former 888 Holdings CEO Itai Pazner, 50, relinquished his role as CEO earlier this year in January having held the position for about four years. He did so following an internal compliance investigation into practices relating to VIP customers in the Middle East. Also in January, the online gambling operator announced that Yariv Dafna, the company’s CFO, was to step down.
Announcement made in press release
As reported in the company’s statement announcing the appointment, Lord Mendelsohn, Executive Chair of 888, commented:
“We are delighted to be able to appoint Per following what has been an extensive and comprehensive search process. The Board unanimously agreed that Per was the clear standout candidate to lead the Group to build on the strong platform for growth and value creation that has been established…. Per not only understands the power and exciting potential of the business, but the Board is also very pleased with his strong record and reputation on governance and compliance.”
Per Widerström, commented that he was delighted and honoured to accept his new role, saying that the company “is exceptionally well positioned to become a clear global industry leader” and he looks forward to work “with the rest of the team to build on the strong progress already made and achieve the Group’s full and very exciting potential.”
Widerström, former CEO of Europe-focused Fortuna Entertainment Group, has more than 17 years of experience in the online gaming industry.
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