TIDM888
RNS Number : 2275Y
888 Holdings plc
07 September 2020
7 September 2020
888 Holdings Public Limited Company
('888' or the 'Group')
Appointment of CFO
888, one of the world's leading online gaming entertainment and
solutions providers, is pleased to announce the appointment of
Yariv Dafna as the Group's new CFO. This appointment follows the
Group's announcement on 14 January 2020 that, after more than 15
years as Group CFO, Aviad Kobrine is stepping down from the
role.
Yariv will join the Group on 1 November 2020 and be appointed to
the Board on the same date. Aviad will step down from the Board on
the same date.
Mr. Dafna has held a number of positions with Telit
Communications plc since 2003, taking an active role in its IPO in
2005 and subsequent fundraisings. Mr. Dafna's positions at Telit
included Group CFO from February 2007 to June 2012, Chief Corporate
Development Officer with responsibility for all M&A activity,
and subsequently also COO, with responsibility for all operation
and purchasing activities. In November 2017, he was appointed to
Telit's Board as Finance Director with responsibility for finance,
legal, IT and corporate development activities. Mr. Dafna started
his career in 1999 at Deloitte Israel and holds a BA in Business
Administration and Accounting from the College of Management
Academic Studies (Rishon LeZion, Israel), an MBA from Tel Aviv
University, and is a Certified Public Accountant.
Brian Mattingley, Chairman of 888, commented: "I am delighted to
welcome Yariv Dafna as 888's new Chief Financial Officer. Yariv's
experience and drive made him the standout candidate for the role,
and we are very pleased he has decided to join the Group at such an
important time in 888's continued growth and development.
On behalf of everyone at 888, I would like to reiterate my
gratitude to Aviad for his significant contribution and
achievements over the last 15 years with the Group and we wish him
every success for the future. "
Yariv Dafna, incoming CFO of 888, commented: "I am excited to be
joining such a fantastic business at a pivotal time in its
development. 888 has world-class technology and a unique platform
for continued growth in the dynamic global online gaming market. I
am looking forward to helping the business continue to deliver
against its strategic objectives and create value for all
stakeholders."
Aviad Kobrine, CFO of 888, commented: "I am incredibly proud of
what the 888 team has achieved together throughout my time with the
business and I would like to take this opportunity to thank my
fantastic colleagues with whom I have had the pleasure and honour
of working with over the last 15 years."
Itai Pazner, CEO of 888, commented: "I am looking forward to
working closely with Yariv as we continue to focus on delivering
888's long-term growth strategy. I would also like to extend my
personal gratitude to Aviad for his support and friendship over the
years."
Further information concerning Yariv Dafna (aged 46):
In accordance with Listing Rule 9.6.13 (1), Mr. Dafna was a
director of Telit Communications plc (listed on AIM) from November
2017 until 1 September 2020. There are no details to be disclosed
in respect of Mr. Dafna under Listing Rules 9.6.13 (2) to (6).
This announcement contains inside information for the purpose of
Article 7 of Regulation (EU) No 596/2014. The person responsible
for arranging the release of this announcement on behalf of the
Company is Brian Mattingley, Chairman of 888.
Contacts and enquiries
888
Brian Mattingley, Chairman +350 200 49800
Itai Pazner, Chief Executive Officer +350 200 49800
+44(0) 207 796
Hudson Sandler 4133
Alex Brennan / Hattie Dreyfus / Bertie 8 88@hudsonsandler.com
Berger
Notes to Editors:
888 Holdings plc (and together with its subsidiaries, "888" or
the "Group") is one of the world's most popular online gaming
entertainment and solutions providers. 888's mission is to supply
its customers with innovative and market-leading online gaming
products, above all in a safe and secure environment.
888 has been at the forefront of the online gaming industry
since foundation in 1997, providing to players and B2B partners an
always innovative and world-class online gaming experience. At the
heart of 888's business is its proprietary gaming technology and
associated platforms.
During 2019 888 was named Casino Operator of the Year at the
prestigious EGR industry awards and, in 2020, the company was proud
to be recognised at the 2020 Gaming Intelligence awards as winner
in the Casino Operator of the Year category.
The Group is structured into two lines of business: B2C, under
the 888 brands, and B2B, conducted through Dragonfish, which
provides partners a leading platform through which to establish an
online gaming presence and monetise their own brands.
888's consumer facing websites offer more than just online
gaming. They are entertainment destinations: places where people
can enjoy a truly interactive experience and be part of an online
community that shares common interests. 888's strong and trusted
brands are all accessible through www.888.com .
Find out more about 888 at http://corporate.888.com/ .
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