Godfrey will replace Richard Carter on an interim basis.
Canada.- Bragg Gaming Group has named Board of Directors Chairman Paul Godfrey interim CEO with immediate effect as Richard Carter steps down.
The company founder and former interim CEO Adam Arviv will take on the role of special advisor to the chair and CEO. Matevž Mazij, vice chairman of the board and founder of Bragg subsidiary Oryx will also play an integral role in the organisation.
A former chair of Ontario Lottery and Gaming, Godfrey will take on the role until a permanent replacement is named. The change comes after the board made a strategic review of the company, which recommended“the immediate restructuring of the CEO role.”
He said: “While the global online gaming industry continues to grow exponentially, the North American opportunity is a game-changer.
“Bragg’s technology and content is well-positioned to take advantage of this new market’s potential and although Bragg’s operations have continued to outperform over recent quarters, the capital markets strategy has not translated into shareholder value. Developing this alignment will be our top priority and absolutely requires a strategic review.”