GAN Chief Financial Officer Transition
August 10 2017 - 9:19AM
Business Wire
Desmond Glass to Depart in Q4 2017 as CFO
role relocates to Las Vegas
GAN plc (“GAN” or the “Company”) a leading B2B supplier of
Internet gaming enterprise software-as-a-service solutions to the
US land-based casino Industry, today announces the Group’s Chief
Financial Officer (“CFO”) role will relocate from London to GAN’s
US operations in Las Vegas commencing in Q4 2017 following interim
H1 2017 results in September.
The CFO role transition is in the interests of shareholders to
better reflect GAN’s continued growth in the North American market.
This follows the relocation of the CEO’s role to Las Vegas in
Summer 2015; the relocation of the Chief Information Officer role
to Las Vegas in Summer 2016; and the appointment of Las
Vegas-resident Mr Seamus McGill as Chairman in April 2017, all of
which have proven instrumental in accelerating growth of Simulated
Gaming for GAN’s thirteen US casino clients coast-to-coast as well
as GAN’s New Jersey real money Internet casino gaming services
delivered to PaddyPower Betfair plc.
GAN’s CFO and Company Secretary Desmond Glass has decided not to
transition to the United States at this time in order to pursue
UK-based opportunities.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
“After a successful multi-year period with GAN, Desmond leaves
behind a strong legacy best represented by GAN’s growing business
in the US and selected regulated Internet gaming markets in Europe.
We wish Desmond every success in the future. The relocation of the
CFO role from London to Las Vegas aligns with GAN’s medium term
strategy to seek admission to the US capital markets. Desmond will
remain CFO in London until October and the new US-based CFO will be
announced with our interim results on or before September 30, 2017.
I look forward to working with Desmond closely in the coming months
to prepare for the transition of his responsibilities.”
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170810005719/en/
GANDermot Smurfit, +44 (0) 20-7292-6262Chief Executive
Officerdsmurfit@GAN.comorDavy(Nominated Adviser, ESM
Adviser & Joint Broker)John Frain / Barry Murphy,
+353-1-679-6363orInvestors: The Equity GroupAdam Prior,
212-371-8660aprior@equityny.comorLiberum(Joint
Broker)Neil Patel / Cameron Duncan, +44 (0) 20-3100-2000
GAN (NASDAQ:GAN)
Historical Stock Chart
From Apr 2024 to May 2024
GAN (NASDAQ:GAN)
Historical Stock Chart
From May 2023 to May 2024