Playtech Parts Ways with Chair Mattingley, Introduces Changes to Board

Gambling software powerhouse Playtech announced board changes, including the resignation of its chair and changes to the structure of its committees.

Mattingley to Exit After Four Years with the Company

On January 29, Playtech confirmed that Brian Mattingley has decided to step down as chair and depart from the board. He agreed to remain on board for a few months, allowing Playtech to find a successor and ensure a seamless transition of responsibilities.

Mattingley joined the board in 2021, bringing significant expertise to the team. Since then, he has made invaluable contributions to the business, overseeing a period of strong financial performance and strategic progress.

Playtech thanked Mattingley for his time as chair and his key role in the recently revised agreement of Cliplay and the disposal of Snaitech. During his tenure, the outgoing chair oversaw the company’s shift toward a pure B2B business.

Other Changes Will Also Take Effect

In addition to announcing Mattingley’s departure, Playtech’s board also confirmed changes to its committees that will come into effect from March 1 this year. These include the merging of the Regulatory & Compliance and the Sustainability & Public Policy Committees, which will combine into the Sustainability & Compliance Committee.

The new body will be chaired by Linda Marston-Weston and will also include Ian Penrose and Samy Reeb as ordinary members. Marston-Weston will also join the Nomination Committee.

Additional changes include the resignation of Anna Massion on February 28. In the meantime, Samy Reeb will be named chair of the Remuneration Committee, effective from March 1. Reeb currently chairs the Regulatory & Compliance Committee and is a member of the Sustainability & Public Policy Committee, which are set to merge into the Sustainability & Compliance Committee. He will also remain a member of the Audit & Risk Committee.

Mattingley Felt This Was the Right Time to Depart

Brian Mattingley commented on his exit, saying that he felt privileged to have been able to steer the company through a key phase of its business. Now that Playtech has hit many of the milestones it had set for itself and is ready to embark on a predominantly pure-play B2B journey, Mattingley felt that it was time to step down.

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.

Brian Mattingley, outgoing chair, Playtech

Mor Wizer, Playtech’s chief executive officer, thanked Mattingley for his outstanding contributions to the business transformation and wished him the best in future endeavors.

We have benefitted enormously from his [Mattingley’s] 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.

Mor Wizer, CEO, Playtech

In the meantime, Playtech just helped NorthStar Gaming secure a $30 million credit facility. In return, NorthStar has issued 32,735,295 common share purchase warrants to Playtech, allowing it to purchase stock at a price of CAD 0.055 per share.